Burns to retire as KeyBank president

Michael Burns announced Dec. 18 that he will soon retire as president of KeyBank’s Alaska District. Burns will remain chairman of the bank’s district advisory board and also assist in the selection process of a new district president.

Burns became president of Alaska Pacific Bank in 1985 and served in that position until October 1987. At that time, Alaska Pacific Bank and its sister bank, First National Bank of Fairbanks, combined to form KeyBank of Alaska and Burns assumed the president’s role at the larger bank.

As president and chief executive officer, Burns directed the growth of the bank from eight to 17 branches and moved it into position as the third largest bank in the state.

Burns has been active in community, state and civic organizations and recently completed his third term as chairman of the Board of Regents for the University of Alaska and is a trustee of the University of Alaska Foundation.

Burns was elected to seven terms as chairman of the Anchorage Telephone Utility, has served twice as chairman of the United Way Campaign and is former commissioner of the Public Broadcasting Commission.

12/30/2001 - 8:00pm