- Bank of Hawaii
Infobox_Company
company_name = Bank of Hawaii Corporation
company_
company_type = Public (nyse|BOH)
company_slogan = Hawaii's Bank
foundation =Honolulu, Hawaii (1897)
location = Honolulu, Hawaii
key_people =Al Landon ,Chairman &CEO
industry =Finance
products =Banking
revenue = ?
employees=2,530
homepage = [http://www.boh.com www.boh.com]
Bank of Hawaii, a subsidiary of
Bank of Hawaii Corporation (nyse|BOH), is a regional commercialbank headquartered inHonolulu ,Hawaii . It is Hawaii's second oldest bank and its largest locally owned bank in that majority of the voting stockholders reside within the state. Bank of Hawaii has the most accounts, customers, branches, and ATM's of any financial institution in the state (althoughBancWest 'sFirst Hawaiian Bank holds a greater number of dollars in deposits).History
* 1897 Bishop Trust is established; this will become Bank of Hawaii (BoH).
* 1901 Charles Dexter Lufkin organized First National Bank ofWailuku .
* 1903 BoH opened its first branch, onKauai .
* 1906 Charles Dexter Lufkin organizedLahaina National Bank.
* 1913 Charles Dexter Lufkin organized First National Bank ofPaia .
* 1917 First National Bank of Paia merged with Lahaina National Bank and First National Bank of Wailuku to form Bank of Maui.
* 1930 BoH acquired and absorbed Bank ofMaui .
* 1959 BoH opened its first Pacific Islands branch onKwajalein .
* 1961 BoH opened a branch onPulau and another onGuam .
* 1969 BoH absorbedBank of American Samoa , which the Navy had established in 1914. In the same year BoH andCrédit Lyonnais jointly establishedBanque de Tahiti .
* 1970 BoH established a branch onYap . Branches on Ponape andKosrae followed in subsequent years.
* 1971 BoH reorganised as a bank holding company, Hawaii Bancorporation, and also established a branch on Saipan.
* 1974 BoH and Crédit Lyonnais established another joint-venture,Banque de Nouvelle Calédonie inNouméa .
* 1979 Hawaii Bancorporation changed its name to Bancorp Hawaii.
* 1980 BoH opened branch inTokyo .
* 1985 BoH merged with Hawaiian Trust Company.
* 1989 BoH bought First National Bank of Arizona, which represented its first move onto the mainland.
* 1990 BoH acquired FirstFed America, a holding company for banks in Hawaii and on Guam.
* 1993 BoH acquiredBanque Indosuez 's operations inVanuatu to form Banque d’Hawaii (Vanuatu).
* 1994 BoH acquired Commonwealth Bank of Australia's shares inNational Bank of Solomon Islands .
* 1996 BoH acquired most of Crédit Lyonnais' holdings and attained a 91% ownership in Banque de Nouvelle Calédonie. BoH also opened its first branch inFiji , inSuva .
* 1997 Bancorp Hawaii changed its name to Pacific Century Financial Corporation (PCFC). Banque de Nouvelle Calédonie changed its name to Bank of Hawaii—Nouvelle Calédonie. BoH also purchased Banque Indosuez Nuigini Ltd inPapua New Guinea from Banque Indosuez and renamed it Bank of Hawaii (PNG) Ltd. In addition to its main office inPort Moresby , Bank of Hawaii (PNG) also had an office inLae , PNG's second port city on the north-east coast. Indosuez Nuigini was established in 1983 with 49% Indosuez participation, 41.5%Bank of Papua New Guinea , and the remainder public. PCFC acquired California United Bank. Other Pacific Century subsidiaries included First Federal Savings and Loan Association of America (in Hawaii-later merged into BoH), and Pacific Century Bank and Pacific Century Savings inArizona .
* 1998 BoH bought 5.4mn convertible notes ofBank of Queensland as part of a strategic alliance. It also acquired 100% ofBanque Paribas Pacifique (est.1972 ; 3 branches) and 70% ofBanque Paribas Polynésie (est.1984 ; 1 branch). BoH integrated the operations in with Bank of Hawaii-Nouvelle Calédonie and Banque de Tahiti, respectively. PCFC merged its two mainland subsidiaries, California United Bank and Pacific Century Bank (in Arizona) into one nationally chartered entity, Pacific Century Bank, headquartered inCalifornia .
* 1999 BoH bought 5.8mn shares (approx. 10%) in Bank of Queensland. It also bought First Federal Savings and Loan from its own holding company.
* 2000 PCFC's subsidiary, Pacific Century Bank, sold its nine branches in Arizona toZions Bancorporation for merger into Zions' subsidiary,National Bank of Arizona .
* 2001 BoH sold its 6.2mn shares and 5.4mn convertible notes in Bank of Queensland. The decision reflected PCFC's of a new Strategic Plan, which mandated a focus on the bank's core markets in Hawaii, the West Pacific,American Samoa andJapan . PCFC sold its Pacific Century Bank (PCB) subsidiary toU.S. Bancorp . The subsidiary had 20 branches in Southern California. BoH sold its shareholding in theBank of Tonga andPacific Commercial Bank ofSamoa toWestpac . BoH and Westpac both had 30% interests in Bank of Tonga and 42% interests in Pacific Commercial Bank. BoH sold its operations in Papua New Guinea, Vanuatu and Fiji to ANZ. BoH sold its approximately 95% share interest in its French Polynesia and New Caledonia operations to France-basedCaisse Nationale des Caisses d'Epargne (CNCE). Its operations in French Polynesia included 17 branches of its subsidiary, Banque de Tahiti, and about 265 employees. Its operations in New Caledonia included eight branches of subsidiary Bank of Hawaii-Nouvelle Caledonie and about 190 employees. Lastly, BoH closed its offices in Hong Kong, Seoul, Singapore, and Taipei.
* 2002 Unable to find a buyer, BoH closed itsMajuro branch in theRepublic of the Marshall Islands (RMI) and its three branches in Pohnpei, Yap and Kosrae in theFederated States of Micronesia (FSM). BoH turned over its 51% interest in National Bank of Solomon Islands to the government of theSolomon Islands . Lastly, Pacific Century Financial reverted to the Bank of Hawaii name.External links
* [http://www.boh.com Official website]
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