ANZ Bank
Central Bank of Samoa
National Bank of Samoa
Development Bank of American Samoa
Bank of Hawaii
Trading
List of Commercial Banks in American Samoa
Published by Gbaf News
Posted on April 19, 2013
1 min read· Last updated: September 12, 2024
Key Takeaways
- American Samoa currently has limited commercial banking options, with only TBAS operating locally.
- ANZ Amerika Samoa Bank ceased operations in 2022, and Bank of Hawaii exited earlier, prompting establishment of TBAS.
- The Development Bank of American Samoa provides commercial and development loans, targeting private sector and housing.
- TBAS is a unique government-backed bank without FDIC insurance, designed to fill the banking void in the territory.
References
Frequently Asked Questions
Which banks currently operate in American Samoa?
The Territorial Bank of American Samoa (TBAS) and the Development Bank of American Samoa operate locally; commercial banks like ANZ and Bank of Hawaii have exited.
Why was TBAS established?
TBAS was founded in 2016 to replace departing banks and provide essential banking services to the territory backed by the government.
Is TBAS FDIC‑insured?
No, TBAS is not FDIC‑insured; its deposits are backed by the government of American Samoa.
What services does the Development Bank of American Samoa offer?
It provides affordable commercial loans, mortgage and housing programs, and facilitates federal grants to support economic development.
Tags
Related Articles
UK homebuilder Vistry warns on profit, takes £470 million hit from strategic overhaul
Mercedes aims to cut €800 million in labour costs in Germany, WiWo reports
Dollar near 2-month peak as investors pause after rally, geopolitics eyed
Delivery Hero CEO Östberg to stay on beyond March 2027 amid Uber's takeover bid
Fragmented market prevents EU banks from financing bloc's ambitions, EBA chair says
More from Trading
Explore more articles in the Trading category
How Saphyre Is Applying Pre-Trade Readiness to Securities Lending
Why Overnight Trading Is Forcing Markets to Rethink Liquidity
Why Order-Book Resilience Matters More Than Headline Liquidity
Why Market Depth Is Becoming a Better Liquidity Signal Than Spreads Alone
TetherMax Introduces Cashback Rate Guarantee Across Supported Crypto Exchanges
Why Execution Quality Is Becoming Harder to Measure in Fragmented Markets
How to Read a UK Forex Broker Comparison Beyond EUR USD Spreads
Why Market Liquidity Is Becoming More Fragmented Across Trading Venues
Why Settlement Cut-Off Dispersion Is Becoming a Cross-Border Liquidity Cost
Why Execution Drift Is Becoming a Bigger Trading Risk Than Signal Decay
How AI-Driven Currency Automation Is Narrowing the Divide Between Retail and Professional Forex
How Multi-Asset Brokers Support More Efficient Retail Trading