Steve Watson
Pago Pago, AMERICAN SAMOA — Development Bank of American Samoa president, Ruth Matagi-Fa’atili and G.H.C. Reid & Company LTD, president and co-owner Olivia C. Reid were up for confirmation yesterday, to be members of the Territorial Bank of American Samoa's Board of Directors.
Later during the...
Pago Pago, AMERICAN SAMOA — While the Territorial Bank of American Samoa (TBAS) faced a yearly loss, described as “minimal”, it is the goal of the government-owned bank to achieve “monthly profitability” by July 2019, and “end the year in black”, according to a report by the Office of Financial...

![Development Bank of American Samoa president, Ruth Matagi-Fa’atili and G.H.C. Reid & Company LTD, president and co-owner Olivia C. Reid testifying yesterday morning before the Senate Budget and Appropriations Committee. [photo: FS] Ruth Matagi-Fa’atili and Olivia C. Reid](https://www.samoanews.com/sites/default/files/styles/teaser/public/field/image/tbas_board_nominees.jpg?itok=buSrXZks)
![Territorial Bank of American Samoa (TBAS) Board nominee Leilua Stevenson and current TBAS board chairman, Steve Watson, were re-nominated for another term, during their confirmation hearings last Friday before the Senate Budget and Appropriations Committee, whose members asked several questions regarding the Bank’s status. The Committee is yet to act on the nominations. [photo: FS] Territorial Bank of American Samoa (TBAS) Board nominee Leilua Stevenson and current TBAS board chairman, Steve Watson](https://www.samoanews.com/sites/default/files/styles/teaser/public/field/image/tbas_board_2328.jpg?itok=ofQQLhGz)