MESSAGE TO SHAREHOLDERS
A YEAR OF PLACE
& PURPOSE
Tamarmeng Waken Ayagningqertut:
Everything starts here. This Yup’ik phrase has
been shared and spoken in Bristol Bay for
generations. It was a guiding theme when
BBNC was established 47 years ago and
remains true to this day. Everything we do,
whether for our shareholders, communities,
or business, starts here. Bristol Bay is home;
it’s where we got our start; and it will always
be woven into the fabric of BBNC.
Fiscal Year 2019 (FY2019) was a year where
this spirit of home and place was more true
than ever. It was a year of focus, consistency,
and preparation, of teams working toward the
same goals and mission to enrich our Native
way of life. We invested in our region and
people with innovation and purpose.
We delivered one of our strongest fiscal
years and continued executing our five-year
strategic plan. We held our annual compliance
training to remain transparent and ethical in
every sector of business, and ended the year
poised for more strategic growth. It was a
good year, and we are grateful to everyone
who contributed to its results.
In the pages ahead, you will read highlights of
FY2019 and hear directly from shareholders
about what Bristol Bay means to them. But
this annual report tells only part of the story.
As with every year, FY2019 was defined by
hard work and milestones across BBNC and
its subsidiaries, with our shareholders, region,
and culture at the forefront of every decision.
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BBNC FY2019 ANNUAL REPORT
FY2019 was also a year of people doing
right by Bristol Bay—something we now turn
an even sharper focus to with state funding
for critical programs and services in our
region and throughout Alaska at risk.
BBNC will always be at the table advocating
on behalf of Bristol Bay and our shareholders,
but we can’t do it alone. We need everyone
to step up and make their voices heard.
We need to come together to help protect
not only what we have now, but what we
will need for our Elders and generations
to come. We can all play a part in keeping
Bristol Bay a remarkable place to call home.
Because when you stand up for the place
you love, where your family and traditions
have their roots, you are standing up for
the future, and you are honoring the place
where everything got its start.
Thank you, as always, for your engagement
and support.
Joseph L. Chythlook
CHAIRMAN OF THE BOARD
Jason Metrokin
PRESIDENT & CHIEF EXECUTIVE OFFICER