FSM Development Bank
FSM Development Bank is a private, for-profit development bank founded in 1979 and headquartered in Kosrae, Federated States of Micronesia, providing business, consumer, and home energy loan services to residents and enterprises in the FSM market.
- Company typePrivate
- Founded1979
- HeadquartersKosrae, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What FSM Development Bank does
FSM Development Bank is a private, for-profit financial institution founded in 1979 and headquartered in Kosrae in the Federated States of Micronesia (FSM). It provides business, consumer, and home energy loan services to residents and enterprises in its domestic market, positioning itself as a development-focused lender in a small Pacific island economy.
The bank operates with a small staff of 11-50 employees and runs a traditional lending model, generating revenue primarily through interest income on its loan portfolio across three product categories: commercial (business) loans, consumer loans, and home energy loans. Its energy financing line suggests a deliberate focus on supporting residential energy infrastructure in a market where such specialized credit is otherwise scarce.
No additional information is available regarding the bank's funding sources, capital structure, technology stack, distribution channels beyond its Kosrae headquarters, pricing, or customer base. The company's website (fsmdb.fm) and third-party data sources currently expose only verification/loading screens rather than substantive disclosures, materially limiting visibility into operating mechanics, product terms, and financial performance.
FSM Development Bank firmographics
Firmographics- Name
- FSM Development Bank
- Website
- http://www.fsmdb.fm
- Company type
- Private
- Founded year
- 1979
- Headcount range
- 11–50 employees
- Short description
- FSM Development Bank is a private, for-profit development bank founded in 1979 and headquartered in Kosrae, Federated States of Micronesia, providing business, consumer, and home energy loan services to residents and enterprises in the FSM market.
- Ownership category
- akta.pro rank
FSM Development Bank industry classification
Industry- Product category
- Development Banking
- NAICS
- Nondepository Credit Intermediation (5222), Credit Intermediation and Related Activities (522)
- SIC
- Federal & Federally-Sponsored Credit Agencies (6111), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)
- akta.pro secondary industries
- Infrastructure & Project Finance Development Banks (FSABAKAD), SBA/Government-Backed & Development Finance Loans (FSAKAGAI)
Keywords
Where FSM Development Bank is headquartered
LocationHeadquarters
- HQ city
- Kosrae
- HQ country
- United States
- HQ region
- North America
Markets served
FSM Development Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D
FSM Development Bank product offering
Product offeringCore offering
FSM Development Bank provides lending services to its market, offering business loans to commercial borrowers, consumer loans to individual borrowers, and home energy loans to homeowners seeking financing for residential energy improvements. The institution operates as a development bank serving the financial needs of businesses and consumers in its local market.
Differentiator
Problem solved
Functional benefit
Products and services
- Business Loans Loans offered to commercial borrowers to support business operations, expansion, or development activities in the FSM market.
- Consumer Loans Personal credit products extended to individual consumers in the Federated States of Micronesia for personal financial needs.
- Home Energy Loans Specialized loans for homeowners to finance residential energy improvements, supporting energy efficiency or renewable energy upgrades.
Companies that use FSM Development Bank
Customer profileIdeal customer profiles3 records
FSM Development Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
FSM Development Bank partnerships and signals
Strategic signalRecent moves3 records
Expansion highlights2 records
FSM Development Bank competitors and assessment
Company assessmentDirect peers
- Vanuatu Development Bank: Vanuatu's state-owned development finance institution offering SME, agriculture, and consumer lending. Comparable as a Pacific DFI with a similar development mandate targeting underserved borrowers in a small island economy.
- Development Bank of Solomon Islands: National development bank of Solomon Islands providing credit to micro, small, and medium enterprises plus consumer lending. Closely comparable mandate, scale, and product scope within another Pacific island jurisdiction.
- Samoa Development Bank: Samoa's national development finance institution providing credit to small businesses and consumers. Comparable mandate and target market as a Pacific island DFI with overlapping product focus on SME and household lending.
- Tonga Development Bank: A Pacific island national development bank offering business, consumer, and housing/energy-related loans. Directly comparable as a state-backed DFI serving a small island economy with a similar development-finance mandate and product mix.
- National Development Bank of Papua New Guinea: Papua New Guinea's national development bank providing SME, agricultural, and infrastructure lending. Comparable as a state-backed DFI in the broader Pacific region, though operating at materially larger scale than FSM Development Bank.
Emerging players
- Credit Union Microfinance Pacific Network: Network of credit unions and MFIs providing small-scale consumer and SME credit across Pacific islands. Comparable as a grassroots provider of small-ticket lending in markets that overlap with FSM Development Bank's lower-end business and consumer segments.
Others
- SPC (Pacific Community) - Pacific Financial Inclusion Programme: Regional organization supporting financial inclusion and DFS across Pacific Island economies including FSM. Comparable as a development finance ecosystem actor whose work overlaps with FSM Development Bank's small business and consumer credit mission in the same customer base.
Regional players
- Bank of the Federated States of Micronesia: Operates as the principal commercial bank within FSM, sharing the same narrow geographic market and customer base. Comparable because both serve FSM's business and consumer credit needs, although FSM Development Bank focuses on development lending while BoFSM operates as a broader commercial bank.
Broad incumbents
- Asian Development Bank (Pacific Subregional Programs): Multilateral DFI that channels concessional credit and grant funding into FSM and other Pacific economies. Comparable as a source of development finance operating in the same geography, though as a regional/international institution rather than a national retail lender.
- Hawaii Green Infrastructure Authority (Green Energy Money $aver): US-affiliated program financing residential and small commercial energy efficiency and renewable upgrades. Comparable to FSM Development Bank's home energy loan product in terms of credit product design, though operating in a different, much larger market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat2 records
Key risks5 records
Key highlights6 records
Customer concentration
FSM Development Bank social profiles
Digital presenceFSM Development Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
FSM Development Bank leadership team
Management profileNumber of profiles
Profiles1 record
FSM Development Bank funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FSM Development Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FSM Development Bank
What does FSM Development Bank do?
FSM Development Bank provides lending services to its market, offering business loans to commercial borrowers, consumer loans to individual borrowers, and home energy loans to homeowners seeking financing for residential energy improvements. The institution operates as a development bank serving the financial needs of businesses and consumers in its local market.
When was FSM Development Bank founded?
FSM Development Bank was founded in 1979. It employs 11 to 50 people.
Where is FSM Development Bank based?
FSM Development Bank is headquartered in Kosrae, United States, in the North America region.
Who are FSM Development Bank's main competitors?
Direct peers on record are Vanuatu Development Bank, Development Bank of Solomon Islands, Samoa Development Bank, Tonga Development Bank and National Development Bank of Papua New Guinea. Credit Union Microfinance Pacific Network is listed as an emerging player. SPC (Pacific Community) - Pacific Financial Inclusion Programme is listed as an others. Bank of the Federated States of Micronesia is listed as a regional player. Broad incumbents are Asian Development Bank (Pacific Subregional Programs) and Hawaii Green Infrastructure Authority (Green Energy Money $aver).
Does FSM Development Bank have an API?
No public API is recorded for FSM Development Bank.
What industry is FSM Development Bank in?
FSM Development Bank's product category is Development Banking. Its primary akta.pro industry code is BPADACAC, National Development Banks & State Development Finance Institutions (DFIs), with a secondary code of FSABAKAD, Infrastructure & Project Finance Development Banks. Its NAICS code is 5222 and its SIC code is 6111.