William G. Moran Jr.

June 13, 2011

Lame duck Governor Frank Murkowski appointed Bill Moran to the Board of Trustees, Alaska Permanent Fund Board (APFB), on November 15, 2006 to a four year term after he was beaten at the ballot box by Sarah Palin in the November, 2006 Election. This was very unusual. In the past newly elected Governors have appointed new members of APFB. Ms. Palin did not have to go along with the former Governor’s appointment when she was sworn in December 5, 2006 but she did. Governor Sean Parnell reappointed Mr. Moran on July 20, 2010 while he was running for Governor. Mr. Moran was elected Chair, APFB, on September 30, 2010.

Please review the investments of Mr. Moran, current Chair, Alaska Permanent Fund Board, Regarding the 330% increase in the assets of Mr. Moran's two privately held banks during the three years he has been on Alaska Permanent Fund Board 12/06-12/09, for a total of $557,503,303.00.

1. First Bank, Ketchikan Mr. Moran's APOC "Initial Disclosure" December 20, 2006 valued First Bank at $139,083,475.93. On December 31, 2009 First Bank's assets were $446,242,935.00 or a 320% increase in three years.
2. Community Bank, Joseph, Oregon Mr. Moran's "Initial Disclosure" December 20, 2006 valued Community Bank at $105,256,156.00. On December 31, 2009, Community Bank's assets were $355,600,000.00 or a 339% increase in three years.

Relationship with Senator Lisa Murkowski 8/4/08

First Bank Ketchikan

First Bank, a State of Alaska bank and holding company, is the only commercial bank with headquarters in southeast Alaska and has been in business since 1924. It currently operates nine offices in six southeastern Alaska communities including Ketchikan, Craig, Petersburg, Wrangell, Sitka, and Juneau per . Mr. Moran’s office is at 2030 Sea Level Drive, Suite 300, P.O. Box 7920, Ketchikan, AK 99901, 907-228-4202 (phone) 800-478-6101 (toll free), 907-225-9130 (fax). Agent for Service of Process is DeLisio Moran Geraghty & Zobel, PC.

Board of Directors

• William G. Moran, Jr., Chairman of the Board, President, and Chief Executive Officer
• James C. Sarvela, Vice President & CFO
• Sheila J. Kleinschmidt, AVP and Corporate Secretary (First Bank Holding Company)
• David H. Anderes, Anderes Oil Company
• Michael J. Cessnun
• Michael J. Elerding
• R. D. Jensen, Emeritus
• Agnes C. Moran
• Joseph M. Moran, Attorney
• Kay D. Sims, Owner, Best Western Landing Hotel
• Eileen Murkowski Van Wyhe (daughter of Frank Murkowski and sister of Senator Lisa Murkowski).

Community Bank, Joseph, Oregon

Bill Moran has also served since 2001 as Director of Community Bancshares, 609 North Main Street, Joseph, Oregon 97846 (541)432-9050 (800)472-4292. This bank has 160 employees and 17 full service branches in Eastern Oregon and Southeastern Washington. Mr. Tom Moran, President and Chief Executive Officer, announced on January 25, 2010 that Community Bank grew by 11.8% in 2009 and ended the year at $355,600,000.00 or $355.6 Million in total assets.

Family Bill Moran, a graduate of University of Notre Dame, is married to the former Anita Williams and they have two grown sons. He is one of twelve children. His siblings include Joseph M. Moran, Michael Moran, Timothy Moran, Matthew Moran, Bernard Moran, Patrick Moran, Mary Moran, Margaret Dour, Agnes Moran, Nell Klein, and Bridget Moran, and their spouses. Joseph M. Moran is the eldest email: jmoran@dmgz.com Partner, Delisio Moran Geraghty & Zobel, Attorneys 943 W. 6th Avenue, Anchorage, Alaska 99501 (907)279-9574. (Mrs. Zobel's now deceased husband, Ron, sued in U.s. Supreme Court so that all newly arrived Alaskans could participate equally in receiving the PFD). Two sisters are Margaret Ann Moran (Dour), Attorney, Alaska Active Out of State, 6800 Cathedral Place, N.W., Bremerton, Washington 98312, (360)337-1005, cbdour3@msn.com, and Mary Moran, Anchorage.

Joe Moran is the Agent for Service of Process for Alaska Growth Capital BIDCO, Inc., which is a subsidiary of Arctic Slope Regional Corporation 3900 C Street #302, Anchorage, Alaska 99503-5965 (907)339-6760, toll free (888)315-4904. per Page 68. Mr. Eric Wohlforth, former 12 year member and Chair, APFB, who was replaced by Mr. Bill Moran, (correct spelling Wohlforth) is a current Board member, Alaska Growth Capital BIDCO per .

Not related to the Ketchikan Morans are Alaska Superior Court Judge Anna M. Moran, 125 Trading Bay Drive Suite 100, Kenai, Alaska 99611 (907)283-3110, Margaret E. Moran, Attorney, Box 317, Kenai, Alaska 99611, and Liam Moran, Attorney, Clapp, Peterson, 711 H Street #620, Anchorage, Alaska 999501 (907)272-9202.

Individual Investment Transaction Disclosures and APOC Financial Disclosure Statements:

Please note that settlement or trade dates are routinely over a month prior to submission to Alaska Permanent Fund Office

(bio with additions and photo from Alaska Permanent Fund corporation Website)