Our Shareholders First

50 Years of BSNC and ANCSA
Timeline

1971

Dec. 18, 1971.

ANCSA is passed.

1972

BSNC is formed.

BSNC is incorporated with 6,333 original shareholders.

1977

BSNC and the region’s villages have until 1977 to select land.

ANNUAL REVENUE: $17.6 million

1978

Chairman Ivanoff joins the BSNC Board of Directors.

He served as BSNC’s President from 1985 to 1989 and as BSNC’s Board Chair since 1989. He has the distinction of being the longest-serving Board member and Chairman in BSNC’s history.

1981

BSNC shareholders receive first dividend.

ANNUAL REVENUE: $1.6 million

1986

BSNC files for bankruptcy.

ANNUAL REVENUE: $666,478

1989

BSNC emerges from bankruptcy.

ANNUAL REVENUE: $1.8 million

The Board pivots their approach to business development, investing in solid ventures in Nome.

1993

BSNC subsidiary completes first 8(a) certified project, the Anvil Mountain Cleanup.

ANNUAL REVENUE: $3.4 million

1996

BSNC finalizes construction of the Aurora Inn & Suites.

ANNUAL REVENUE: $4.3 million

2000

Tim Towarak is named President & CEO of BSNC.

2003

ANNUAL REVENUE: $14.0 million

2009

Gail R. Schubert is named BSNC CEO.

ANNUAL REVENUE: $151.7 million

After 17 years with BSNC, Gail R. Schubert was named CEO in 2009. She became the corporation’s president the following year and serves in both roles today.

BSNC and six other organizations purchase Pilgrim Hot Springs from the Catholic Bishop of Northern Alaska.

2013

BSNC launches Summer Internship Program.

ANNUAL REVENUE: $242.6 million

BSNC provides paid internships to prepare tomorrow’s leaders for the workforce. Since 2013, there have been 63 interns.

2015

BSNC acquires AIH.

ANNUAL REVENUE: $304.4 million

2018

BSNC shareholders approve resolution to create BSNC Beringia Settlement Trust.

ANNUAL REVENUE: $415.2 million

The purpose of a settlement trust is to provide for the health, education, cultural preservation and economic welfare of Alaska Native people and descendants who are the beneficiaries of the settlement trust.

2020

The Bureau of Land Management transfers 2,000 acres of ANCSA land at Point Spencer, adjacent to Port Clarence, to BSNC.

ANNUAL REVENUE: $456.2 million

The lands and adjacent waters of Port Clarence have served as a port of refuge for people of the Bering Strait region for centuries, and the site holds important strategic geopolitical as well as historic ancestral and cultural significance. 

2022

BSNC paid record-high dividends of $9.50 per share.

ANNUAL REVENUE: $543.1 million

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OFFICESWhere to find us?
Bering Straits Native Corporation is headquartered in Nome, has a business office in Anchorage and site locations and offices across the U.S.
OUR LOCATIONS
ANCHORAGE
3301 C Street, Suite 100, Anchorage, AK 99503
NOME
PO Box 1008. 110 Front Street, Suite 300, Nome, Alaska 99762
GET IN TOUCHStay Connected
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OFFICESBering Straits Native Corporation
OFFICESWhere to find us?
BSNC is headquartered in Nome, has a business office in Anchorage and site locations and offices across the U.S.
OUR LOCATIONSWhere to find us?
ANCHORAGE
3301 C Street, Suite 100, Anchorage, AK 99503
NOME
PO Box 1008. 110 Front Street, Suite 300, Nome, Alaska 99762
GET IN TOUCHStay Connected
Follow BSNC for news, updates, stories, and opportunities to share in this journey.
Sign up for our newsletter

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