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Territorial Bank of American Samoa
Pago Pago, AMERICAN SAMOA — In a media statement today the Territorial Bank of American Samoa is notifying customers that their MasterCard debit card system is off line through Monday, April 22.
“Due to circumstances outside the control of TBAS, our MasterCard debit cards will be offline through...
Pago Pago, AMERICAN SAMOA — It takes about three years before a start-up commercial bank like the Territorial Bank of American Samoa (TBAS) to actually earn a profit, according bank president and chief executive officer, Drew Roberts, who said TBAS has issued about $8 million in commercial and...
Pago Pago, AMERICAN SAMOA — Although it's owned by the government, the Territorial Bank of American Samoa (TBAS) is not run by the government, does not loan any money to the government, and it's a commercial bank, according to TBAS president and chief executive officer, Drew Roberts, who took over...
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...
Pago Pago, AMERICAN SAMOA — Legislative proposals from the administration have been submitted to the Fono for review, when lawmakers returned to work this past Monday after a 4-week recess.
PETROLEUM STORAGE FACILITIES
Acting Governor Lemanu Peleti Mauga has sent to the Fono for approval a bill to...
Pago Pago, AMERICAN SAMOA — The European Union’s planned designation of American Samoa as a “high risk” third world country, presenting strategic deficiencies in its regime for anti-money laundering (AML) and counter-terrorism financing (CTF) is “unreasonable” because the US territory follows...
Pago Pago, AMERICAN SAMOA — Tualauta Rep. Larry Sanitoa is urgently requesting Legislative Financial Officer (LFO) Talalemotu Mauga to acquire several financial reports from the Territorial Bank of American Samoa (TBAS).
In a letter to Mauga, Sanitoa said that pursuant to ASCA 28.0209 “Reporting...
Pago Pago, AMERICAN SAMOA — Territorial Bank of American Samoa chief executive officer, Drew Roberts attened his first cabinet meeting last week, and this was also the first time that a top executive of the government-owned bank has attended these meetings, since TBAS first opened its doors...
![[l-r] Human Resources director Eseneiaso Liu, ASG Budget Office director Catherine A. Saelua, and Territorial Bank of American Samoa chief executive officer, Drew Roberts](https://samoanews.com/sites/default/files/styles/teaser/public/field/image/tbas_boss_1835.jpg?itok=QNTtB06o)
[l-r] Human Resources director Eseneiaso Liu, ASG Budget Office director Catherine A. Saelua, and Territorial Bank of American Samoa chief executive officer, Drew Roberts at the end of Thursday’s cabinet meeting, where Gov. Lolo Matalasi Moliga said, “... we asked God to show us the way,” while...
Pago Pago, AMERICAN SAMOA — Successful efforts by the government and Territorial Bank of American Samoa officials to establish a locally based non federally insured bank has already attracted attention from some US areas and at least two European jurisdictions.
The success has also captured the...