Director's portrait

Ms. Kevin Anselm
Division Director

Division of Banking and Securities

Our Mission: To protect and educate consumers of financial services and promote safe and
sound financial systems.



In the 2015 Legislative Session, two identical bills, House Bill 194 and Senate Bill 108,were introduced to repeal the Alaska Securities Act (Alaska Statute 45.55) and adopt a new Alaska Securities Act in AS 45.56. No official action has been taken on the bills as of the close of the regular session. Please click the links to visit the Legislature’s website and read the bills. Feel free to contact Chief of Securities Kristy Naylor at the Division if you have any comments or questions.

Program Overview

The Division of Banking and Securities regulates state depository and non-depository financial institutions, administers and enforces Alaska’s financial services laws, and provides information to consumers, investors, entrepreneurs and the financial services industry. The division includes three sections that administer 12 statutory programs. In addition to licensing, examination and enforcement duties, division staff answer inquiries, investigate and resolve complaints, and contribute to education and outreach activities.


The Banking Section charters and examines state-chartered banks, bank holding companies, credit unions, trust companies, small loan companies, business and industrial development corporations (BIDCOs), payday lenders and premium finance companies.

Consumer Finance

The Consumer Finance Section registers, licenses, examines and investigates complaints regarding non-depository financial institutions, including mortgage brokers, lenders and originators, as well as money service businesses that are money transmitters (wiring of funds); issuers of traveler’s checks, money orders, or stored value cards; sellers or redeemers of traveler’s checks, money orders or stored value cards; and currency dealers or exchangers.


The Securities and Enforcement Section examines and registers securities, securities dealers and salespersons, investment advisers and their representatives; and is the repository for Alaska Native Claims Settlement Act (ANCSA) corporation proxy information. Together, the three sections enforce the financial services laws to protect consumers, preserve the integrity of the financial systems, enhance legitimate capital formation and deter financial fraud.


This site is provided as a public service for general informational purposes only; it does not attempt to address specific business transactions or legal disputes. This service is not intended to be legal advice, and should not be construed as a replacement for competent legal counsel.