Territorial Bank of American Samoa

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]

Territorial Bank of American Samoa

Company type	Public bank
Industry	Banking Financial services
Founded	2016; 9 years ago (2016) in Pago Pago, American Samoa[1]
Headquarters	Pago Pago, American Samoa , United States
Area served	American Samoa
Key people	Owen Peery (President and CEO)
Total assets	US$28.8 million [2] (2018)
Owner	Government of American Samoa

The bank was established in response to an announcement in 2012 from the Bank of Hawaii that it planned to leave the territory.^[4][5] The bank is unique in that it does not have FDIC insurance and its deposits are instead backed by the government of American Samoa.^[6]