Wales/Westpac Ex-PNG/Pacific Staff Reunion

Western Samoa

​The Samoa operation came about in 1977 when the Bank of New South Wales formed the Pacific Commercial Bank in Samoa as a joint venture with Bank of Hawaii (BoH), buying into Pacific Savings and Loan Company (est. 1969), in which Bank of Hawaii had had an ownership interest since 1971.

In 2001, BoH sold its interest in PCB (42.7%) to Westpac, which also owned 42.7%. Westpac gave Samoan investors, who held the remaining 14.6% of PCB, the opportunity to sell their shares at the same price it had paid BoH. In 2001 Westpac owned 93.5% of Westpac Bank Samoa Ltd and Samoan companies and individuals owned 6.5%.

Westpac reached its milestone of 50 active in-stores banking outlets in early 2013.

​On 29 January 2015, Westpac announced that it had entered into an agreement to sell its banking operations to the Bank of South Pacific. This transfer was effected on 10/07/2015. And so the slow withdrawal from the Pacific Island Nations began.