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The Central Bank of Samoa (Samoan: Faletupe Tutotonu o Samoa), situated in the capital Apia beside the main government buildings, issues the Samoan currency, the Samoan tālā as well as regulates and manages the exchange rate with foreign currencies. [2]
Creation of the bank was proposed in March 1994 by Luamanuvae Dick Meredith, a successful Samoan businessman, matai and entrepreneur. In November of that year a banking license was sought and later granted on 27 February 1995. The bank officially opened its doors as the National Bank of Samoa Ltd on 11 December 1996. [1] [2]
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Westpac offered Samoan investors, who held the remaining shares, the same price it had paid Bank of Hawaii. Westpac now owns 93.5% of Westpac Bank Samoa and Samoan companies and individuals own 6.5%. In Tonga, Bank of Hawaii sold its shares in Bank of Tonga to Westpac, giving Westpac 60% ownership of what is now Westpac Bank of Tonga.
National Bank of Samoa This page was last edited on 18 January 2020, at 21:27 (UTC). Text is ... This page was last edited on 18 January 2020, at 21:27 (UTC).
Central Bank of Samoa; S. Samoa Airways; Samoa Land Corporation; Samoa Shipping Corporation ... This page was last edited on 2 January 2022, at 17:46 (UTC).
The Territorial Bank of American Samoa (TBAS) is a state-owned, state-run financial institution based in Pago Pago, American Samoa. It is one of only two government-owned general-service banks in the United States. [3] The bank was established in response to an announcement in 2012 from the Bank of Hawaii that it planned to leave the territory.
In 2007 the bank acquired Citizens Security Bank for $25 million. In 2010, it launched an internet banking service. [3] On 31 March 2022 ANZ announced it would exit US community banking in Samoa. This resulted in the closure of all bank accounts in October 2022 and loans were transferred to MWW Financial Services LLC. [4]