Pacific Islands Development Bank is delighted to announce the welcome of a new lending representative in Ebeye, Marshall Islands. Ms. Diane Kabua joined the development bank on November 23, 2020, as our new loan processor and is primarily tasked with the handling of loan applications and customer relations for our Marshall Islands customers. PIDB is […]
Pacific Islands Development Bank (PIDB) is proud to announce and welcome Christopher A. Cruz as the bank’s new president and chief executive officer. In that capacity, Mr. Cruz will be responsible for the overall operations of the bank. Specific duties and responsibilities include executing goals and objectives under the strategic plan with the approval of […]
Tofol, Kosrae – The Board of Directors of the Pacific Islands Development Bank (PIDB) held its quarterly meeting in Kosrae on January 23, 2019. Board Chairman and President/CEO, Aren Palik, called the meeting to order followed by a welcoming remark given by the newly elected Governor of Kosrae State, the Honorable Carson Sigrah. He was […]
The Republic of the Marshall Islands (RMI) recently infused an additional $992,000 into Pacific Islands Development Bank (PIDB), increasing its membership equity capital to $1.9 million, the largest among the bank’s shareholders. Marshall Islands became a member of the bank in 2011 with its initial capital infusion of $1 million. “Since becoming a shareholder of […]
PIDB Corporate Office, Guam. On January 7, 2017, Yap State Government and Pacific Islands Development Bank (PIDB) executed a Memorandum of Agreement establishing the procedures and guidelines for the implementation of a loan program established under Yap State Public Law 9-35. The Program provides $3 million to be managed and administered by PIDB, providing loans […]
HILO, HI, April 24, 2013 –
The United States Department of Agriculture (USDA) remains focused on carrying out its mission, despite a time of significant budget uncertainty. Today’s announcement is one part of the Department’s efforts to strengthen the rural economy.
USDA Rural Development State Director Chris J. Kanazawa announced today that applications are being accepted from […]
The Board of Directors of the Pacific Islands Development Bank met in Pohnpei on December 12 to 15, 2007. Attending the meeting were Elbuchel Sadang representing the Republic of Palau, Justo Quitugua representing CNMI, Gibson Siba representing the FSM State of Kosrae, Joe Giliko representing the FSM State of Yap, Jack Yakana representing the FSM […]
The Board of Governors of the Pacific Islands Development Bank convened its annual meeting at the Palau Royal Resort in Palau on April 28, 2008.
Among the key agenda items in the meeting were the reviews of the Bank´s 2007 Annual Report including its 2007 audited financial statements and the Bank´s 2008 Budget and Goals. Bank […]
Hagatna, Guam – On September 8, 2008, USDA Rural Development State Director Lorraine Shin and Pacific Islands Development Bank President Aren Palik signed the documents for a $750,000 loan under the USDA Rural Development’s Intermediary Relending Program (IRP). As the intermediary bank, PIDB will use the proceeds of the loan to finance business facilities and […]