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Gov mulls over applicants for DBAS president post

The Development Bank of American Samoa is recruiting a new president.  The post has been vacant since early 2012 when then DBAS president Lolo Matalasi Moliga stepped down for a successful campaign to become the territory's governor in last year’s general election.


The American Samoa Government owned entity has ben advertising for the president position for a couple of weeks with last Friday, July 19, the deadline to submit applications.


Among the primary responsibilities and basic duties of the president is to monitor the economic environment and anticipate trends for American Samoa and update existing policies and procedures so that they are commensurate with economic conditions, according to a DBAS paid advertisement.


Additionally, the president will oversee the growth and quality of the loan portfolio and ensure that sound, collectible loans are written. (See last Friday’s Samoa News edition for full details of the advertisement.)


According to local law, the governor - with approval of the DBAS board - appoints the bank president with confirmation by the Senate only. Additionally, the bank president is responsible for the operation of the DBAS with the assistance of such other officers and employees as the board may authorize. The salary of the president and other officers is established by the Board.


Last September, former Gov. Togiola Tulafono nominated Leilua Stevenson as DBAS president but the nomination was rejected by the Senate, after the nominee failed to muster enough votes to be confirmed. Stevenson, whose father Alo Dr. Paul Stevenson was a senator at the time, was the outgoing director of the Department of Human and Social Services.