28 Feb 2013

New bank in American Samoa names chief executive

7:35 pm on 28 February 2013

A former chief executive of ANZ Amerika Samoa Bank, Gary Ayre, is to return from Australia to head the new Community Bank of American Samoa.

Mr Ayre was CEO of ANZ Amerika Samoa bank from 2005 to 2008 and is currently a business and finance consultant in Australia.

The Community bank is to be launched by a group of local business people who will be asked to invest at least 50 thousand US dollars each.

It is due to open next year.