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Pago Pago, AMERICAN SAMOA — Governor Lemanu P. S. Mauga met earlier this month with high-ranking officials from the U.S. Treasury Department, the Federal Deposit Insurance Corporation (FDIC) and the White House to enlist federal support for the Governor’s effort to have a federally insured...
Pago Pago, AMERICAN SAMOA — While the Territorial Bank of American Samoa (TBAS) faced a yearly loss, described as “minimal”, it is the goal of the government-owned bank to achieve “monthly profitability” by July 2019, and “end the year in black”, according to a report by the Office of Financial...


![Territorial Bank of American Samoa (TBAS) Board nominee Leilua Stevenson and current TBAS board chairman, Steve Watson, were re-nominated for another term, during their confirmation hearings last Friday before the Senate Budget and Appropriations Committee, whose members asked several questions regarding the Bank’s status. The Committee is yet to act on the nominations. [photo: FS] Territorial Bank of American Samoa (TBAS) Board nominee Leilua Stevenson and current TBAS board chairman, Steve Watson](https://samoanews.com/sites/default/files/styles/teaser/public/field/image/tbas_board_2328.jpg?itok=ofQQLhGz)