Founded in 1972 by Jesus S. Leon Guerrero, Bank of Guam holds the distinction of being the first locally owned and chartered financial institution in Guam. Operating under the philosophy of "The People's Bank," its mission is to serve and foster the financial success of the communities in Guam and Micronesia. Over the decades, the bank has expanded its reach and now provides comprehensive personal, business, and wealth management services across Guam, the Commonwealth of the Northern Mariana Islands, Palau, the Federated States of Micronesia, the Republic of the Marshall Islands, and has a branch in San Francisco, California.