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.
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