In 1897, the Bank of Hawaii opened for business in a two-story wooden building in downtown Honolulu. The original investment began with $400,000 in capital with its stock at par value of $100. Peter Cushman Jones, at 64 years old, became Bank of Hawaii’s first president. Bank of Hawaii opened its first branch office six years later in Lihue ( lee-HU-ay), Kaui (ka why e), and that branch is still in existence today. However, we do not know if the original building is still standing.
As Hawaii’s premier bank, BOH has been able to continually innovate and remain competitive in banking and in Hawaii. They were the first bank in Hawaii to: establish a Consumer Loan Department provide the largest development loan of more than $68 million in 1976 establish an international banking facility which allowed Bank of Hawaii to better compete with offshore financial centers dealing with Eurodollar and …show more content…
Bank of Hawaii is ranked #2 in the country by the American Bankers Association Journal for its performance among the Top 25 performing banks with total assets of more than $3 billion. MSN Money lists Bank of Hawaii as one of the “5 banks safe from the storm.”
2010: In December, Forbes Magazine names BOH as the “Best Bank in America” for the second year in a row.
Bank of Hawaii has been in business for 119 years. Besides having multiple name changes, the bank has adapted to the ever-changing financial environments during this time and don’t appear to be slowing down. Other Awards:
Forbes Top 5 Performing Banks in America - 2014, 2013, 2012, 2011, 2010, 2009
Hawaii's Best Bank - 2014, 2013, 2012, 2011
SBA (Small Business Administration) Lender of the Year - 2014,
As Hawaii’s premier bank, BOH has been able to continually innovate and remain competitive in banking and in Hawaii. They were the first bank in Hawaii to: establish a Consumer Loan Department provide the largest development loan of more than $68 million in 1976 establish an international banking facility which allowed Bank of Hawaii to better compete with offshore financial centers dealing with Eurodollar and …show more content…
Bank of Hawaii is ranked #2 in the country by the American Bankers Association Journal for its performance among the Top 25 performing banks with total assets of more than $3 billion. MSN Money lists Bank of Hawaii as one of the “5 banks safe from the storm.”
2010: In December, Forbes Magazine names BOH as the “Best Bank in America” for the second year in a row.
Bank of Hawaii has been in business for 119 years. Besides having multiple name changes, the bank has adapted to the ever-changing financial environments during this time and don’t appear to be slowing down. Other Awards:
Forbes Top 5 Performing Banks in America - 2014, 2013, 2012, 2011, 2010, 2009
Hawaii's Best Bank - 2014, 2013, 2012, 2011
SBA (Small Business Administration) Lender of the Year - 2014,