First Hawaiian Bank is the oldest and largest bank on the archipelago. It is a subsidiary of BancWest, which in turn is owned by French bank BNP Paribas. Founded in 1858 to serve the whaling industry, First Hawaiian Bank has about 60 branches in Hawaii, plus locations in Guam and Saipan. The bank also has operations in the British West Indies and Japan. It offers standard deposit products such as checking and savings accounts, CDs, and IRAs, as well as private banking and wealth management services. The bank mainly originates real estate-related loans such as residential and commercial mortgages and construction and land development loans. It also writes business and consumer loans.
First Hawaiian Bank is one of the largest issuers of credit cards in the state and is one of the few financial institutions there to offer card transaction processing. Its Bishop Street Capital Management arm provides individual and institutional asset management services. Subsidiary First Hawaiian Leasing offers commercial equipment and vehicle leasing. In 2011 First Hawaiian Bank opened FHB Guam Trust Co. to offer trust and estate plan administration services on the island.
As loan demand remained sluggish due to the uncertain economic environment, First Hawaiian Bank's revenue and net income were both down slightly (less than 2%) in 2011. It earned $209 million on revenues of $705.5 million, compared to $212.6 million and $716.1 million for the previous year.
On a more positive note, the bank was able was able to grow its deposit base in 2011, and its credit quality continues to be among the best in the nation thanks to its stringent underwriting standards. – less
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$34,885 per year