ABOUT US
GLACIER FEDERAL is a Wholly-owned Subsidiary of Bristol Bay Native Corporation
Formed under the Alaska Native Claims Settlement Act, Bristol Bay Native Corporation (BBNC) has over 10,000 shareholders composed of the three Native cultures of Bristol Bay (Eskimo, Indian, and Aleut). BBNC is a diversified holding company. Investments and services include a stock portfolio, cardlock fueling, corporate services, corrosion inspection, environmental engineering and remediation, oilfield and environmental cleanup, labor, and government services.
BBNC’s founders took their reverence for the land and Bristol Bay Native cultures and built BBNC into a diversified corporation with more than $1 Billion in annual revenue. This revenue is shared with our shareholders who have received more than $70 Million in dividends since our inception. BBNC has been, and continues to be, a major contributor to Alaska’s economy.
BBNC is a diversified holding company with a focus on four lines of business: Government Services, Oil Field Services, Construction, and Petroleum.
Formed under the Alaska Native Claims Settlement Act, Bristol Bay Native Corporation (BBNC) has over 10,000 shareholders composed of the three Native cultures of Bristol Bay (Eskimo, Indian, and Aleut). BBNC is a diversified holding company. Investments and services include a stock portfolio, cardlock fueling, corporate services, corrosion inspection, environmental engineering and remediation, oilfield and environmental cleanup, labor, and government services.
BBNC’s founders took their reverence for the land and Bristol Bay Native cultures and built BBNC into a diversified corporation with more than $1 Billion in annual revenue. This revenue is shared with our shareholders who have received more than $70 Million in dividends since our inception. BBNC has been, and continues to be, a major contributor to Alaska’s economy.
ALASKA NATIVE CORPORATION HISTORY
The Alaska Native Claims Settlement Act (ANCSA) was enacted in 1971. In preparation for the Trans-Alaska Oil Pipeline, native land disputes were settled, and Alaska was divided into 12 Regional Alaska Native Corporations (ANCs). Among those 12 original Regional ANCs was Bristol Bay Native Corporation (BBNC), the parent company of Glacier Support Services, LLC (GSS).
BBNC was formed on December 18, 1971, with corporate offices in Anchorage, Alaska. BBNC’s mission is to enrich the Native way of life, and the BBNC Vision is to protect the land in the Bristol Bay region, celebrate the legacy of its people, and enhance the lives of BBNC Shareholders.
The Alaska Native lifestyle is one of isolation in more ways than literal village life. The 86,000 US citizens enrolled under ANCSA experience nonexistent economic opportunities, high unemployment, a very high cost of living, and limited access to healthcare, education, and training. Twenty-two percent (22%) of Alaska Natives live below the poverty line. Unemployment in the villages is five times the national average. Our shareholders desire the opportunity to take responsibility and earn fair wages.
BBNC shareholders desire the opportunity to take responsibility and earn fair wages. With BBNC, Shareholders have opportunities for education assistance, dividend income, and employment; and, they may transfer shares to immediate family.
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Glacier Federal is a Bristol Bay Native Corporation Company
