Serving the Community since 1969.
“To serve the economic and development needs of the community of American Samoa through affordable financial services.”
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.
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.
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DEVELOPMENT BANK OF AMERICAN SAMOA
OFFICE OF THE GOVERNOR
Governor: Lolo Matalasi Moliga
Lieutenant Governor: Lemanu Peleti Mauga
BOARD OF DIRECTORS:
- Nua Saoluaga – *Chairman
- Talālemotu Mauga – *Vice Chairman
- Eseta Sataua – *Secretary
- Gi Malala
- Fiapa’ipa’i Fruean
- Rev. Fred Mamea
- Muāgututi’a Fa’aola
- Vaiausia Yandall
Ruth S. Matagi-Fa’atili