SitNews - Stories in the News - Ketchikan, Alaska

First Bank Renews Partnership with PeaceHealth Ketchikan


May 07, 2012

(SitNews) Ketchikan, Alaska - Five years ago First Bank made a $100,000 pledge, payable over five years to the PeaceHealth Ketchikan Medical Center Foundation for the hospital’s Endowment Fund. Recently they made the final payment on that pledge. Shortly thereafter, President Bill Moran, announced First Bank’s intention to renew their commitment to invest in the health of our community by making another five-year $100,000 pledge.

President Moran cited the importance of the Medical Center, “The Peace Health Ketchikan Medical Center is an outstanding community asset that enhances the quality of life throughout our region. We feel privileged to be able to play a small role in this fine organization’s continuing long-term success.”

In addition to this pledge, First Bank continues to match their employees’ and Board members’ charitable contributions for more immediate community health care needs. This year’s focus is the creation of a Chemotherapy Infusion Suite which will provide a private, comfortable setting for patients needing infusion therapies.

“We are thrilled to continue this partnership with First Bank,” said Penny Pedersen, Executive Director of the Foundation. “This pledge is designated toward our Endowment Fund and will ensure our community has what it needs to deliver health, healing and wellness to our community, far into the future.

“It is fitting that First Bank understands the importance of a long term investment. The Endowment Fund works similarly to the Permanent Fund. We are raising up to $1 million in funds for investing. Once we reach this goal, we will spend a percentage of the earnings on an annual basis for critically needed equipment, programs and technology. This will provide secure access to funds for future generations.

“First Bank is clearly an example of philanthropic leadership for businesses and individuals alike,” says Pedersen, “for their continuing generosity and re-investment into the community.”


Source of News: 

PeaceHealth Ketchikan Medical Center Foundation


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Stories In The News
Ketchikan, Alaska

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