About us
Serving the Community since 1969.
Our Mission
“To serve the economic and development needs of the community of American Samoa through affordable financial services.”
Our goals
Continue to promote residential development in American Samoa by providing affordable mortgage loans for new home construction and home repair activities. Further the development of the private sector and the economy of American Samoa by providing commercial loans to start-up and existing businesses. Facilitate disbursement of loans and grants offered by US Federal Agencies directly to the qualified residents of American Samoa.
about us
The Development Bank of American Samoa (DBAS) was created in 1969 by Public Law 11-40 of the American Samoa government. The purpose of DBAS is based on its mission statement and goals, which were formed as integral components of its strategic plan. Throughout the years DBAS has evolved into a SOCIO-ECONOMIC Development agency for American Samoa in order to provide the territory with lending and investment services. Also DBAS assists in the promotion of private enterprise to meet the needs of economic development for American Samoa. DBAS is also the conduit for US Federal Assistance Programs to facilitate housing for low income families and individuals and promote and develop entrepreneurship.
for further details regarding the development bank of american samoa, please click the link below.
DEVELOPMENT BANK OF AMERICAN SAMOA
OFFICE OF THE GOVERNOR
Governor: HC Lemanu P. S. Mauga
Lieutenant Governor: Talauega E. V. Ale
BOARD OF DIRECTORS:
- Sen. Malaepule S. Moliga
- Rev. Tautua Fuiava
- Eseta Sataua
- Fiapa’ipa’i Fruean
Florida Tagomailelagi
Tauanu’u S. Tauanu’u
Vaiausia M. Yandall
Vaimaona F. Ialiva
PRESIDENT:
Ruth S. Matagi
LEGAL COUNSEL:
Robert J. Morris III