There’s been a management change at the Territorial Bank of American Samoa.
Mr Phil Ware who has been CEO since the bank opened in 2016 is, according to a statement released this morning by the TBAS Board of Directors, “assigned to pursue and analyze unique opportunities for the bank in accordance with the strategic plan for TBAS.”
In accordance with that plan, Mr Drew Roberts, who has been the lead consulatn to the bank since 2013 will assume responsibility for the on island, day to day management of the TBAS for the next several months.
The press release says the bank is very proud of its accomplishements thus far and has recognized the many challenges this venture represents.
“Mr Ware has provided an invaluable service to the territory and the people of American Samoa. The board looks forward to his continued involvement in the future of the bank.”
Essentially’ the former CEO of TBAS, Mr Phil Ware will now take on a consultant role with the bank while the former consultant steps in to the CEO positon.
Its believed that the TBAS board has been concerned for some time that Mr Ware was not physically in the territory for extended periods.
When he was asked about that in a previous interview Mr. Ware said he needed to spend long periods in the US trying to get the bank’s routing number and other banking systems and products for TBAS.
With the appointment of Mr. Drew to take over sone are questioning why the Board has opted not to advertise the position of CEO for the government owned bank.
