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Mauga, a retired member of the U.S. Army, served as the chairman of both the Budget and Appropriations Committee and the Senate Homeland Security Committee in the American Samoan Senate. [5] Moliga resigned as the president of the Development Bank of American Samoa (DBAS) to focus on his gubernatorial campaign. [5]
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.
Lolo Letalu Matalasi Moliga, president of the Development Bank of American Samoa Running mate: Lemanu Peleti Mauga, territorial Senator [9] Faoa Aitofele Sunia, Lieutenant Governor of American Samoa since 2003, affiliated with the Democratic Party. Running mate: Taufete'e John Faumuina, Jr., former director of Economic Development [10]
Afoa Moega Lutu – Former Attorney General of American Samoa, candidate for governor in 2004, [5] affiliated with the Republican Party Running mate: Velega Savali, former American Samoan Treasurer (2005–2008) Utu Abe Malae – Former President of the Development Bank of American Samoa, [8] affiliated with the Republican Party
These also occupy 14 percent of American Samoa's total workforce as of 2014. [179] The most industrialized area in the territory can be found between Pago Pago Harbor and the Tafuna-Leone Plain, which also are the two most densely populated places in the islands. [180] American Samoa was the world's fourth-largest tuna processor in 1993.
A national development bank is a development bank created by a country's government that provides financing for the purposes of economic development of the country.
The president, Development Bank of BRICS Countries, Shri K.V. Kamath calls on the prime minister, Shri Narendra Modi, in New Delhi on May 28, 2015. On 11 May 2015, K. V. Kamath was appointed as the president of the bank. [9] The 7th BRICS summit in July 2015 marked the entry into force of the Agreement on the New Development Bank. On 27 ...
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] Before closure, the Governor of American Samoa criticised the bank for failing to make loans or invest in the community for a "very long time ...