Senior Management

The Bank´s senior management is comprised of the President, Manager of Administration, and Manager of Loans.

The President of the PIDB is the Chief Executive Officer of the Bank. Under the direction of the Board of Directors, the President is responsible for the overall management and operations of the Bank. He/she is elected by a vote of not less than two-thirds of the total number of the Governors, and serves a five (5) year term. The President may be removed by a vote of not less than two-thirds of the total number of the Governors. The President also serves as Chairman of the Board of Directors.

Manager of Administration, who is appointed by the President, oversees the Bank´s administration which covers the broad area of accounting, finance, personnel, support services, and coordination of Board meetings and activities.

Manager of Loans, who is also appointed by the President, oversees the entire lending program and operations of the bank. He/she works closely with the President in ensuring a quality loan portfolio and in meeting the bank´s loan and lending goals.

 
Aren Palik President & CEO
Chairman , Board of Directors
 
Rosa D.L.S. Weilbacher Manager of Administration
 
vacant Loan Officer

News »

USDA Rural Development Awards $750,000 in Economic Development

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).

 

How To Apply »

Our Checklist of general requirements and sample forms may be downloaded from our website. Our loan process is very simple.

 

Downloads »

Download Loan Packages Forms in PDF Format

 

Links »