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  • By Pacific island Times News Staff

BankGuam Holding and ASC Trust finalize second transaction

BankGuam Holding Company and ASC Trust LLC have exercised the second of three share purchase transactions, bringing BankGuam Holding Company’s ownership to 45 percent of ASC’s outstanding common stock, as agreed upon according to the terms of their May 27, 2016 Stock Purchase Agreement.

ASC Trust’s operations will continue as usual, functioning under the name ASC Trust LLC with the same management team and the headquarters remaining in their newly renovated office in Hagatna.

Joaquin P.L.G. Cook, Vice Chairman of BankGuam Holding Company stated, “The advantages for both organizations are clear in the ability to offer improved services and product offerings. We look forward to our continuing work with David John and the team at ASC, to further our combined mission to provide the highest level of service our community and our region.”

Meanwhile, the Bank of Guam announced the promotion of its two officers, Janice Quichocho and Lesley Leon Guerrero.

Quichocho has been promoted from vice president/lean six sigma to senior vice president/chief retail and card services officer, responsible for the Guam, CNMI and Neighboring Island Branches, eBanking Group and Card Services.

With the Bank of Guam for 30 years, Quichocho has most recently been Trust Manager, E-Banking and Neighboring Islands Regional Manager, Risk Officer and Compliance Manager and Retail Banking Group Manager.

A graduate of John F. Kennedy High School, Quichocho has certifications as a business resilience manager, anti-money laundering specialist and regulatory compliance manager.

Leon Guerrero has been promoted from vice president/customer experience director to senior vice president/chief experience officer, responsible for Customer Experience, Marketing and Branding and Business Intelligence Groups. With the Bank since 2011, Leon Guerrero has managed the Customer Experience area.

She was previously with Guam Homeland Security (Public Affairs Officer) and Recovery Coordination Office (Project Officer), Office of Civil Defense.

A graduate of Chaminade University, Leon Guerrero has a Professional MBA from the University of Guam and is graduating from the Pacific Coast School of Banking September 2019.

Leon Guerrero sits on the boards of the University of Guam Board of Regents, Junior Achievement of Guam, Guam Young Professionals and Mercy Action Marianas.

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