ANCHORAGE, Alaska, March 10, 2025 (GLOBE NEWSWIRE) — Thomas Financial Group Inc., formerly an affiliate of Thomas USAF and subsidiary of Community Bankshares Inc., headquartered in LaGrange, Georgia, is pleased to announce the successful closing of a $1.291 million SBA 7(a) loan for Petroleum Equipment & Services, Inc. (PESI), one of the largest independent oilfield services company in Alaska. The loan, scheduled to close on March 7, 2025, will save or create 30+ impactful jobs and strengthen PESI’s role in advancing Alaska’s energy infrastructure and economic development.
Founded in 1983, PESI has built a strong reputation for delivering innovative solutions and competitive alternatives to oil companies and drilling contractors operating in Alaska’s North Slope and Cook Inlet regions—two of the most critical energy hubs in the nation. Headquartered in Anchorage, Alaska, PESI provides cutting-edge equipment and logistical support to companies seeking to enter or expand within this unique market.
“This loan is not just a financial transaction—it’s an investment in Alaska’s economy,” said Chris Banks, Interim President of Thomas Financial Group. “By supporting PESI’s expansion, we’re helping drive job creation and ensuring that vital oil and gas projects have the necessary resources they need to thrive. As a subsidiary of Community Bankshares Inc., we are committed to fostering …
