List of Active Banks in the Republic of Palau

Bank NameHome CountryDate of CharterLicense Status
Asia Pacific Commercial BankPalau11/02/1999Active
Bank of GuamGuam03/13/1984Active
Bank of HawaiiHawaii09/18/1961Active
Bank Pacific, Ltd.Guam07/11/1995Active
Palau Investment Bank, Ltd.
(formerly Palau Construction Bank)

 

name change effective 10/1/2017

 

New Bank License issued under new name (PIB, Ltd.) 9/12/18

Palau05/16/1995Active
List of Closed Banks – Voluntary Closure, License Revoked, Invalidated
Bank NameHome CountryLicense Status
First Federal Banking Corp.Nauru

License Revoked

September 26, 2003

Melekeok Government BankPalau

License Invalidated

December 17, 2002

Palau Central Bank, Inc.Palau

License Invalidated

December 13, 2002

Sunra Int’l Bank & TrustPalau

License Revoked

January 06, 2005

Pacific Savings Bank, Ltd.Palau

License Revoked

November 06, 2006

First Fidelity Bank, Inc.Palau

Voluntary Closure

November 23, 2011

First Commercial BankTaiwan

Voluntary Closure

August 31, 2012

List of Denied Bank License Application
ApplicantDate of Denial
Allied Boston Bank, Inc.September 30, 2002
GT Dollar BankMarch 20, 2017

Quatum Asset Management, PTE Ltd.

(Bank License Application – Whole bank purchase of Asia Pacific Commercial Bank)

January 12, 2018
World Remit Bank, LtdMarch 1, 2018

 

List of Bank License Applications Currently Under Review
ApplicantDeadline for Bank License Decision
  

 

Updated: September 2018

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