to bring the "economics of life" to local students

FOR IMMEDIATE RELEASE

Wednesday, November 15, 2006

HONOLULU, HAWAII - Junior Achievement of Hawaii today announced it has joined with Bank of Hawaii to teach local students the "economics of life."

Junior Achievement of Hawaii will receive seven volunteers from the Na Hoku Imua, a professional development program at Bank of Hawaii, impacting over 300 students in the Honolulu area. "We are thrilled to receive volunteer support from Bank of Hawaii, a longtime champion of Junior Achievement. These Bank of Hawaii volunteers will impart their experience and financial knowledge to students who are starting to learn the value of personal financial literacy and the economics of life," said Steven Grant, president of Junior Achievement of Hawaii.

"As an organization committed to financial literacy, Bank of Hawaii employees are keenly aware of the critical role early education plays in creating a generation of knowledgeable consumers," said Jean Hamakawa, Executive Vice President and Director of Human Resources at Bank of Hawaii. "JA is one of the best ways to reach not only young people, but their families, as we know that the students go home and share what they have learned in class." The Bank of Hawaii volunteers are part of Na Hoku Imua, a unique leadership development program that includes rotations throughout the entire organization, professional/personal development and corporate/community-based projects.

About Junior Achievement of Hawaii Inc.

The organization was founded in 1957 to educate and inspire young people to value free enterprise, business, and economics to improve the quality of their lives. With the mission of insuring that all Hawaii's children have basic understanding of the free-enterprise system, Junior Achievement Hawaii has created a working partnership among the business, military, and education communities and has offices on the islands of Oahu, Maui and Hawaii (The Big Island). Each year approximately 6,000 Hawaii students participate in Junior Achievement programs that are taught by 300 volunteers.

JA Hawaii is proud to be part of an international organization that has become the world's largest and best-managed economic education partnership program. Globally the program reached over 6 million students throughout the United States and in nearly 100 member nations.

Junior Achievement is a 501(c)(3) charitable organization, to which contributions are tax-deductible to the extent permitted by law.

About Bank of Hawaii

Bank of Hawaii Corporation is a bank holding company providing a broad range of financial products and services to customers in Hawaii and the Pacific Islands (Guam, nearby islands and American Samoa). The Company's principal subsidiary, Bank of Hawaii, was founded in 1897 and is the largest independent financial institution in Hawaii.