First Hawaiian Bank earns sixth straight 'outstanding' rating under CRA
First Hawaiian Bank received the top rating from by the Federal Deposit Insurance Corp. for its performance under the Community Reinvestment Act, which encourages banks to lend in low- and moderate-income areas.
It was the sixth consecutive "outstanding" rating earned by First Hawaiian Bank. Only 7.5 percent of all U.S. large banks received an outstanding rating last year.
First Hawaiian Bank Chairman and Chief Executive Officer Don Horner noted that from September 2006 through October 2009, First Hawaiian Bank made loans totaling more than $737 million to support affordable housing projects, non-profit organizations serving low- and moderate-income individuals, economic development, and the revitalization and stabilization of low- and moderate-income areas.