[Congressional Record Volume 162, Number 60 (Tuesday, April 19, 2016)]
[Extensions of Remarks]
[Page E523]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




    RECOGNIZING DAVID J. JOHN IN RECEIVING THE U.S. SMALL BUSINESS 
 ADMINISTRATION'S 2016 SMALL BUSINESS PERSON OF THE YEAR AWARD FOR GUAM

                                 ______
                                 

                       HON. MADELEINE Z. BORDALLO

                                of guam

                    in the house of representatives

                        Tuesday, April 19, 2016

  Ms. BORDALLO. Mr. Speaker, I rise today to commend and congratulate 
David J. John on being awarded the U.S. Small Business Administration's 
2016 Small Business Person of the Year Award for Guam. David John is 
being honored and recognized as an individual who has demonstrated 
outstanding skills, savviness, and ability to create success in the 
small business community. He was educated at the University of Saint 
Thomas in St. Paul, Minnesota and is the president of ASC Trust 
Corporation, a retirement management company located in Hagatna, Guam.
   For the last 25 years, ASC Trust Corporation has provided employer 
sponsored retirement plans in Guam and throughout the Pacific. The 
company manages approximately half a billion dollars in retirement 
assets for 23,000 participants and 340 retirement plans in the Western 
Pacific. ASC Trust Corporation has been committed to steady growth and 
has expanded to four offices with more than 50 employees in the region. 
David proudly supports the local workforce and all of his employees are 
native residents of the island or city where their office is located 
in.
   ASC Trust Corporation is committed to revolutionizing retirement 
plans in the Pacific Region by providing plan sponsors and participants 
the services they need to plan for successful retirement. The company 
offers a local team providing unparalleled service and the support of 
industry-leading partners to help manage their technology and 
investments. Additionally, ASC Trust Corporation is the largest 
provider of retirement plan management services in Micronesia.
   Not only is David a successful business person, he is also very 
involved in the local community. He is an active member of the Guam 
Economic Development Authority where is the Vice Chairman of the Board 
and the Chairman of the Tax Qualifying Program for Guam. He is a member 
and past Chairman of the University of Guam Endowment foundation, past 
Chairman of the Guam Chamber of Commerce and past President of the 
Rotary Club of Guam. Additionally, David supports other local 
organizations, including sponsoring the ASC Trust Corporation Islanders 
soccer and basketball teams.
   David is a successful business man and family man. He is a leader in 
our local community and a role model for others in the private business 
sector. David and his company are committed to Guam and the region, and 
to improving the community through hiring local and boosting the 
economy.
   I congratulate David on receiving the 2016 U.S. Small Business 
Administration's Small Business Person of the Year Award for Guam. I 
join the people of Guam in commending him on this award and thanking 
them for their many contributions to our island community.

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