Creation of the bank was proposed in March 1994 by Luamanuvae Dick Meredith, a successful Samoan businessman, matai and entrepreneur.[1] In November of that year a banking license was sought and later granted on 27 February 1995. The bank officially opened its doors as the National Bank of Samoa Ltd on 11 December 1996.[2][3]
The founding chairman was Muagututi’a George Meredith.[2] He tendered his resignation in 1998 and Poumau Ena Edward Meredith was appointed chairman from 1998 to 2002. Oloipola Terrence Betham was chairman until mid-2007, followed by Sili Epa Tuioti. The current chairman is Va’atuitui Apete Meredith.[4]
Today the National Bank of Samoa is a thriving and successful bank offering a full range of retail services including savings, lending and international services to its customers. It is still 100% locally owned and has seen a significant period of growth.[2]
In 2016 the bank celebrated its 20th anniversary.[5][1]
