Christopher Schlarman, chief lending officer of the Bank of the Federated States of Micronesia; Roberta F. Garachbar, chief executive officer of BFSM; and Dr. Christian Wei, president of EUCON.
EUCON photo
EUCON International University has announced a new partnership with Bank of the Federated States of Micronesia, a trusted financial institution with decades of contribution to the development of Micronesia and the Northern Marianas, reflecting a shared vision for economic growth, educational excellence, and diversified opportunities for the CNMI.
On Sept. 9, 2025, BFSM’s Chief Executive Officer Roberta F. Garachbar, and Chief Lending Officer Christopher Schlarman, visited Dr. Christian Wei, President of EUCON International University, to strengthen ties and affirm their support for EUCON’s expanding projects. This relationship traces back to initial discussions earlier this year when BFSM’s president and chief credit officer, Bob De Courteney, met with Dr. Wei to establish the groundwork for cooperation. Subsequent consultations in April led to a concrete partnership, finalized in August 2025.
EUCON is now moving forward with its University Town Project and the launch of a Golf Management Program, which will play a pivotal role in bridging global educational partnerships. The program, under the leadership of Professor Daniel Xu, chair of the golf department, is already creating international connections with universities in China, the United States, and across Asia. One major partner university, with more than 2,000 students enrolled in its golf program, has committed to sending students to Saipan. With at least 10% of those students expressing interest annually, EUCON expects a steady influx of international students seeking U.S.-accredited degrees.
The bank’s management expressed their support for EUCON’s vision and strategy to train future leaders and professionals in artificial intelligence, economics, finance, golf management, international trade, and manufacturing. This initiative aims to foster a balanced and diversified economy for the CNMI, ensuring long-term sustainability and independence.
BFSM has long been a pillar of financial stability and growth in the region, and its confidence in EUCON’s mission speaks volumes. By backing EUCON’s projects, BFSM demonstrates its commitment not only to education but also to the economic transformation of the Northern Marianas.
“This partnership is only the beginning,” said Dr. Christian Wei. “With BFSM’s trust and support, we are laying the foundation for the University Town Project, the Saipan Silicon Valley Science Park, and other major initiatives that will help Make CNMI Great Again. Through scholarships for indigenous students and professional training programs, we are preparing the next generation to lead in a diverse economy.”
BFSM’s leadership echoed this confidence, affirming that EUCON’s initiatives represent a hopeful and prosperous future for the CNMI.
About BFSM
The Bank of the Federated States of Micronesia has been serving the people of Micronesia and the Northern Marianas with excellence and integrity for decades. As a fully FDIC-insured institution, BFSM has contributed to regional stability, development, and progress by supporting local businesses, families, and international partnerships.
About EUCON
EUCON International University is committed to providing high-quality, U.S.-accredited education that equips students with the knowledge and skills to succeed in a globalized economy. Its mission extends beyond academics, aiming to foster economic development and community transformation across the CNMI and the Pacific.
