Pacific Islands Development Bank – News and Events

Pacific Islands Development Bank Board of Directors Holds Special Meeting

Standing from left to right: Mr. Douglas Marar, Chief of Staff, Chuuk State Legislature; Mr. Frank M. Atalig, Guam representative on the PIDB Board of Directors; Honorable Wilbur Heine, Senator, RMI Nitijela and RMI representative on the PIDB Board of Directors; Mr. Diego Benavente, CNMI representative on the PIDB Board of Directors; Mr. […]

January 25th, 2025|News and Events|

Chuuk State Presents Additional 50K Capital Share Contribution to Pacific Islands Development Bank

From left to right: Mr. Douglas Marar, Chief of Staff of the Chuuk State Legislature; Honorable Lester D. Mersai, Speaker of the Chuuk State Legislature; Honorable Andrew A. May, Vice Speaker of the Chuuk State Legislature; Ms. Lindsay M. Timarong, President and CEO of the Pacific Islands Development Bank; Mr. Elbuchel Sadang, […]

January 25th, 2025|News and Events|

PIDB Welcomes Jamie Aingimea

We are delighted to share some exciting news: as of December 2, 2024, our esteemed Loan Officer Jamie Aingimea has been promoted to the position of Senior Loan Officer. In this role, Jamie will take on the vital responsibility of supervising the Loan Team, guiding them towards success and excellence in our lending operations.

Jamie brings […]

December 16th, 2024|News and Events|

PIDB Welcomes Danson Piyelit

We are excited to announce the latest addition to our PIDB team, Danson Piyelit, who will take on the role of Loan Service Specialist starting December 16, 2024.

Danson previously served as a Case Worker/Project Assistant at the Micronesia Resource Center. In this role, he facilitated workshops designed to improve work readiness and resume development, while […]

December 16th, 2024|News and Events|

PIDB welcomes Cassandra Falmeyog

We are thrilled to welcome Cassandra Falmeyog as the newest member of our team! Joining us on December 2, 2024, Cassandra steps into the role of Loan Service Specialist, bringing with her an impressive array of skills and experiences that will greatly enhance our efforts at PIDB.

Cassandra’s professional journey is marked by her diverse roles […]

December 2nd, 2024|News and Events|

Board of Directors Quarterly Meeting held in Pohnpei following the 2023 FSM Joint National Inauguration Ceremony & Celebrations

PIDB Board of Directors and management paid a courtesy visit with Speaker of 23rd FSM Congress, Speaker Esmond Moses and Vice Speaker Robson U. Romolow in Palikir, Pohnpei, on July 27th, 2023.
Photo Caption: From left to right: Vice Speaker Andrew May (Vice Speaker, Chuuk State Legislature), Marie Laamar (Office of […]

July 28th, 2023|News and Events|

Four Development Banks in the Region Establish Partnership: “DB PRIME”

On June 30th, 2023 A Memorandum of Understanding between the Federated States of Micronesia Development Bank (FSMDB), the Marshall Islands Development Bank (MIDB), the National Development Bank of Palau (NDBP), and the Pacific Islands Development Bank (PIDB) for institutional cooperation and regional integration was signed in a virtual signing ceremony by the Presidents of each […]

June 30th, 2023|News and Events|

PIDB Typhoon Mawar Humanitarian Aid

June 16th, 2023 – PIDB President Lindsay M. Timarong and staff, with the tireless assistance of Matt and Jimmy from Dewan Worldwide and Ready H2GO, delivered supplies to various families residing in the community of Zero Down in Ritidian, Yigo.

In the aftermath of typhoon Mawar, many families were left with total destruction of […]

June 16th, 2023|News and Events|

Board of Directors Regular Quarterly Meeting Recently Held in Kosrae

The Board of Directors for the Pacific Islands Development Bank held their quarterly meeting in Kosrae on April 26th, 2023. Speaker Kenneth Kedi, Member of the RMI Nitijela and Chairman of the PIDB Board of Governors was able to join the meeting of the Board of Directors. It has been a customary practice in the […]

April 26th, 2023|News and Events|

MIDB Provides $1 Million to PIDB for Loans to Marshallese Citizens

April 5th, 2023 – The Marshall Islands Development Bank (MIDB) granted a soft loan of $1 Million to PIDB for creation of a loan program to provide business and housing loans to Marshall Islands citizens who reside in PIDB shareholder member jurisdictions outside of the Marshall Islands – namely Guam, the Republic of Palau, the […]

April 5th, 2023|News and Events|