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BOG buys Guam-based loan portfolio from ANZ Guam
From left, front: Joaquin Cook, president and chief executive officer, Bank of Guam; Clarke Schaumann, regional country head of Guam and American Samoa and board director of ANZ Guam. Standing, Maria Eugenia H. Leon Guerrero, executive vice president, chief operating officer, Bank of Guam; Byron Evaristo, special assets officer, Bank of Guam; Charlotte Bautista, head of Finance, ANZ Guam; Jun Taladoc, head of Lending Support, ANZ Guam; and Jim Barron, head of Commercial, ANZ Guam. (BANK OF GUAM)
HAGATFIA, Guam—Bank of Guam has entered into agreements to purchase a portfolio of Guam-based commercial loans and mortgages from ANZ Guam.
The agreements were signed Friday, Oct. 14, 2022, at the Bank of Guam headquarters in Hagatna.
The first phase of these agreements involves transitioning the commercial portfolio to Bank of Guam today, with the final phases expected by the end of the year.
Joaquin Cook left, president and chief executive officer of Bank of Guam, shakes hands with Clarke Schaumann, regional country head of Guam and American Samoa and board director of ANZ Guam
BANK OF GUAM. (BANK OF GUAM)
“Bank of Guam is the ‘People’s Bank, known for their community focus. They are ideally placed to provide dedicated, local service to our commercial lending customers. ANZ will continue to service our deposit account customers while we are in ongoing discussions with a number of parties regarding the future of ANZ Guam, Inc.,” said Clarke Schaumann, regional country head of Guam and American Samoa and board director of ANZ Guam.
Joaquin Cook, president and chief executive officer of the Bank of Guam, said that the bank has worked hard for 50 years “to continue our legacy of service, and today, we not only grow in business, but through the people we serve. We thank ANZ for trusting us with this opportunity to serve as the local trusted financial [advisers] to a new group of businesses and customers and we are proud to welcome them to the Bank of Guam familia.”
Through this purchase, Bank of Guam continues its long-term growth strategy, providing depth in key markets and allowing the bank to leverage its legacy of service, expertise and integrated product offerings to an even broader base of customers. (BOG)
