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Territorial Bank of American Samoa

A sign inside the main lobby of the Territorial Bank of American Samoa at the Centennial Building in Utulei welcomes customers to the “People’s Bank”. TBAS has reached a new milestone in moving forward to providing full-fledged banking services to the community. [photo: FS]
Pago Pago, AMERICAN SAMOA — The Territorial Bank of American Samoa has reached a new milestone in its push to provide full banking services for the community, with checking account customers now able to order their checks — some of them have received their checkbooks already — and debit cards are...
Robert Ho Chee, the head of American Samoa’s new Office of Financial Institutio. [American Banker]
WASHINGTON — American Samoa is finally getting its own full-service bank — and successfully creating only the second public bank in the United States. The Federal Reserve is allowing the Territorial Bank of American Samoa access to the U.S. payments system nearly two years after the bank first...
Territorial Bank of American Samoa president, Philip Ware with TBAS chief operations officer, Makerita Polu following yesterday's news conference, where the officials announced that TBAS has opened its “master account” with the Federal Reserve Bank, San Francisco.  [photo: FS]
Pago Pago, AMERICAN SAMOA — The Territorial Bank of American Samoa, with a deposit portfolio of more than $8 million, is moving another step forward towards the goal of providing full banking services, with the opening of a required “master account” with the Federal Reserve Bark to gain access into...

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