News Topic: Hawaii

A prosperous decade leading up to the pandemic had left lenders in good shape, but they're worried the economic shock to the state's most vital industry could linger into 2022. ... Read full article

The Hawaii bank has paid employees who carpool, bike or walk to work. About a third of the workforce bought into the program before the pandemic, and it's expected to continue once life returns to normal. ... Read full article

Karl Yoneshige has been with the Honolulu-based institution since 1988, including two decades as CEO. ... Read full article

Wallace Watanabe spent more than 40 years at the Honolulu-based credit union, including serving as CEO from 1992 until his retirement in 2013. ... Read full article

Some states aren't waiting on the Federal Reserve to help with the historic hits to their budgets. Instead, they're working with a lender that they have a much longer history with: Bank of America. ... Read full article

The bank is expecting to benefit from the discount airline's first flights to the Aloha State even as a white-hot local housing market starts to cool. ... Read full article

The French banking giant has spent months winding down its holdings in the $20 billion-asset bank. ... Read full article

The company, which has yet to report quarterly earnings, said the moves will turn a profit over time. ... Read full article

Paul Yonamine will succeed Catherine Ngo as the company's leader next month. Ngo will continue to run Central Pacific's bank. ... Read full article

The French banking giant will lower its stake in First Hawaii below 20% when the secondary offering is completed. ... Read full article

The French company's stake in First Hawaiian will fall to about a third after the secondary offer is completed, and First Hawaiian will buy some of the shares. ... Read full article

Bank of Hawaii will serve Japanese citizens looking to conduct business in the United States. ... Read full article

A planned stock offering by the French banking giant would lower its stake in First Hawaiian to 49.9%. ... Read full article

The $17 billion-asset Bank of Hawaii reported higher profits on rising interest income, even as it saw yearly declines in mortgage banking and deposit fee income, as well as losses on investment securities. ... Read full article

The Honolulu bank reported strong loan growth in the fourth quarter, but one-time charges related to the new tax law suppressed its profit. ... Read full article

Here's a look at the 12 housing markets with the largest percentages of mortgages over $500,000 — the new threshold House Republicans have proposed for the mortgage interest deduction in their tax plan. ... Read full article

Hawaii's booming economy contributed to the Honolulu bank's 10% increase in loans and 9% increase in deposits in the third quarter. ... Read full article

The French company will still have a majority stake after selling 25 million shares. ... Read full article