Bank shares sell like hot cakes!
p. 10 · Read in the full issue
Western Samoa has a new bank, Pacific Commercial Bank Ltd, in which the major shareholders are the Bank of NSW and Bank of Hawaii International. Individual shareholders hold 72 900 shares with a par value of one tala (dollar).
These were snapped up within an hour or two after they were offered to the public.
The new bank, of which Mr Den
nis Pearson is manager, will offer competition to the only other trad ing bank, the Bank of Western Samoa, which is jointly owned by the Western Samoa Government and the Bank of NZ. Mr Pearson said Pacific Commercial would offer all the services offered by the Bank of Western Samoa.
Mr William Keil is a local direc tor of the bank.