About Us

scott-graham-5fNmWej4tAA-unsplash

About DBAS

DBAS is committed to achieving a prosperous, inclusive, resilient, and sustainable American Samoa, while promoting its efforts to eradicate extreme poverty. We are dedicated to providing exceptional affordable financial services tailored to meet the needs of our customers.

Our mission is to serve the economic and development needs of the community of American Samoa through affordable financial services.

Our goal is to continue to promote residential development in American Samoa by providing affordable mortgage loans for new home construction and home repair activities. Further, DBAS strives to increase the development of the private sector and the economy of American Samoa by providing commercial loans to start-ups and existing businesses. Finally, DBAS facilitates the disbursement of loans and grants offered by federal agencies directly to the qualified residents of American Samoa.

DBAS is the island’s source for affordable housing programs.

DBAS is the island’s source for commercial loan programs.

DBAS is the island’s source for VA home loan program.

The Best in the Industry

Our team of experienced professionals is committed to delivering top-quality solutions that meet the unique needs of each one of our clients.

DBAS History

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.

Our Development Sectors

Agriculture and fishing
Tourism for hotel development
Services including food & beverage, retailing, transportation, clothing, cultural goods
Professional and business services
Education facilities

Our Values

Integrity
Objectivity
Due care and diligence
Professionalism
Independence
Transparency
Accountability

Our Mission

“To serve the economic development needs of the community of American Samoa through affordable financial services.”

Our Goals

The Development Bank of American Samoa (DBAS) continues to promote residential development in American Samoa by providing affordable mortgage loans for new home construction and home repair activities. Additionally, DBAS further supports the development of the private sector and the economy of American Samoa by offering commercial loans to start-up and existing businesses. DBAS also serves as a facilitator for the disbursement of loans and grants offered by US federal agencies directly to qualified residents of American Samoa.

Apply for a Loan Today!

Please call or contact us by filling up the form in the page below to schedule an appointment. If you have any questions, don’t be afraid to ask. We’ll get to you as soon as possible.

DEVELOPMENT BANK

OF AMERICAN SAMOA

DEVELOPMENT BANK OF AMERICAN SAMOA

Serving the Community Since 1969