Bank of Hawaii
Hawaii's Bank
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| Public | |
| Traded as | : BOH S&P 400 Component |
| Industry | Finance |
| Founded | Honolulu, Hawaii (1897) |
| Founder | Charles Montague Cooke, Peter Cushman Jones and Joseph Ballard Atherton |
| Headquarters | Honolulu, Hawaii |
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Key people
|
Peter S. Ho, Chairman & CEO, Donna Tanoue, Vice Chair |
| Products | Banking |
| Revenue |
 US$766M (FY 2009)
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US$144M (FY 2009)
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| Total assets |
US$12.4B (FY 2009)
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| Total equity |
US$896M (FY 2009)
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| Website | www.boh.com |
The Bank of Hawaii Corporation (BOH) is a regional commercial bank headquartered in Honolulu, Hawaii. It is Hawaii's second oldest bank and its largest locally owned bank in that the majority of the voting stockholders reside within the state. Bank of Hawaii has the most accounts, customers, branches, and ATMs of any financial institution in the state (although BancWest's First Hawaiian Bank holds a greater number of dollars in deposits). The bank consists of four business segments: retail banking, commercial banking, investment services, and treasury. The bank is currently headed by Chairman, President and Chief Executive Officer, Peter S. Ho.
In 1893, Charles Montague Cooke (1849–1909) with his brother-in-law Joseph Ballard Atherton and business partner Peter Cushman Jones founded Bank of Hawaii. In 1897, it was chartered in the Republic of Hawaii by Interior Minister James A. King. A decade after its founding, in 1903, the bank opened its first branch in Kauai. In 1922, the bank acquired First Bank of Hilo, which had four branches. In 1930, it amalgamated Bank of Maui.
Charles Dexter Lufkin organized First National Bank of Wailuku in 1901. Five years later, he had organized Lahaina National Bank. Then he organized the First National Bank of Paia in 1913. Lastly, in 1917, First National Bank of Paia merged with Lahaina National Bank and First National Bank of Wailuku to form Bank of Maui.
It was not until 1959 that BOH made another novel move when it opened its first Pacific Islands branch on Kwajalein. Two years later, it opened a branch in both Palau and Guam. Ten years later, BOH continued its international expansion by absorbing Bank of American Samoa, which the Navy had established in 1914. That same year, it created Banque de Tahiti as a joint venture between itself and Crédit Lyonnais. The next year, BOH established a branch in Yap. Branches in Ponape and Kosrae followed in the subsequent years.
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Wikipedia