KOROR (Palau Horizon) — Bank of Guam is Pacific Savings Bank’s new pass-through bank.
“We officially changed our pass-through bank from Bank of Saipan to Bank of Guam on May 20,” Pacific Savings General Manager John DeVivo said.
Early last month, Pacific Savings depositors panicked and started withdrawing large amounts of money due to the rumor that the community bank was a branch of Bank Saipan, which has been rocked by a multi-million fraud scandal.
DeVivo said its relationship with Bank of Saipan was limited to its being a clearing house for off-island checks.
