Posted on: Sunday, May 27, 2001
Profiles of Hawai'i's leading banks
American Savings Bank
A federal savings bank based in Honolulu, it is Hawai'i's third-largest financial institution. Subsidiary of Hawaiian Electric Industries Inc. Employees: About 1,250
Assets: $6 billion Number of Hawai'i branches: 68 Total domestic deposits: $3.59 billion Changes: After nearly 15 years with Hawai'i's third-largest financial institution, chief executive Wayne Minami is stepping down and handing the titles of president and chief executive to Constance Lau.
Bank of Hawaii Pacific Century Financial Corp. subsidiaries: Bank of Hawaii, Pacific Century Bank in California, and branches in Asia and the West and South Pacific.
Employees: 3,785 Assets:$12.6 billion Number of Hawai'i branches: 76 Total domestic deposits: $5.5 billion Changes: Pacific Century Financial Corp.'s sweeping divestment plan announced last month calls for the sale or closure of nearly all of its operations outside the state, shifting focus back to Hawai'i and reversing years of far-flung expansion efforts.
First Hawaiian Bank BancWest Corp. major subsidiaries: First Hawaiian Bank, Bank of the West in California, and branches in Oregon, Washington, Idaho, New Mexico, Nevada, Guam and Saipan.
Employees: 2,188 Assets: $7.5 billion Number of Hawai'i branches: 56 Total domestic deposits: $5.7 billion Changes: BancWest Corp.'s board has voted to accept an offer by France's biggest bank to acquire the Honolulu company for about $2.5 billion. The purchase would take the Hawai'i bank private.
Constance Lau
Michael O'Neill
Walter Dods