A new proposed Community Bank of American Samoa has received expressions of interest totaling 8 million US dollars from approximately 50 founding investors.
A bank spokesman, Lewis Wolman, says the founding investors either live in American Samoa or operate businesses in the territory.
The bank says it has successfully recruited experienced banking professionals to manage the financial institution including President and CEO Gary Ayre, who now lives in Melbourne, Australia and was a former ANZ Bank executive.
The Chief Operating Officer for Community Bank will be Teresa Galvez, who now lives in Honolulu, but was a senior manager for ANZ Amerika Samoa Bank for many years.
