The Development Bank of American Samoa (DBAS) was established in 1969 by Public Law 11-40 of the American Samoa Government. DBAS’s mission statement and goals, which were integral components of its strategic plan, guide the purpose of the organization. Over time, DBAS has evolved into a socio-economic development agency for American Samoa, providing lending and investment services to meet the territory’s needs. Additionally, DBAS assists in promoting private enterprise and entrepreneurship to support economic development in American Samoa. DBAS also serves as the conduit for US federal assistance programs to facilitate housing for low-income families and individuals.