Banking and Finance

Bank of Saipan

The Calvo family owns and operates Saipan's oldest locally chartered bank that has been in operations since 1979. Bank of Saipan is the premier community bank and the Bank of choice for the CNMI. The Calvo’s have sought to expand this bank outside of its two convenient locations on Saipan. There are now branch offices in Tinian and Rota. The Calvo’s are determined to grow this bank in hopes of soon competing with the regions larger banking institutions. Under the stewardship of the Calvo’s The Bank of Saipan has seen strong annual growth in its recapitalization efforts. The depository and loan portfolio have also doubled since the Calvo acquisition. The Calvo’s are now implementing new policies, procedures, and technologies to usher this bank into the global financial industry.