Asb history

1925 — Thomas Anson Waddoups is appointed district manager of the first American Building & Loan Co office in Honolulu.

The coat of arms for the 642d DASB with revised symbolism is derived from the 742d Ordnance Battalion, in a letter by the Quartermaster General dated 22, October 1953.

Three years later, this panel was expanded and officially designated the Army Science Advisory Panel (ASAP), with its first formal meeting held on November 16, 1954.

1955-58 — American Savings & Loan Association increases account holders to 21,640 with offices on O‘ahu and Hawai‘i Island.

1968 — American Savings & Loan Association branch and corporate offices open in the newly constructed Financial Plaza of the Pacific at 915 Fort Street.

“Biomechanics is the study of the structure and function of biological systems by means of the methods of mechanics.” (Herbet Hatze, 1974)

The Army Science Board was created in 1977 to replace the ASAP and continues in that function today.

1987 — American Savings & Loan Association announces the formation of a separate subsidiary to conduct its Hawai‘i operations.

1990 — American Savings Bank acquires First Nationwide Bank.

1997 — American Savings Bank acquires Bank of America's Hawai‘i Operations in 1997, transforming it into Hawai‘i's third-largest financial institution with a deposit base of $600,000,000.

The numerical designation of 642d originated on 1 September 2000 with the creation of the 642d Divisional Aviation Support Battalion in the New York Army National Guard from new and existing units, with Headquarters at Brooklyn, under the command of LTC Thomas Bosco.

On the evening of September 12, 2001, the Battalion’s tactical vehicle convoy was the only traffic to cross the Brooklyn Bridge, headed for the remains of the World Trade center.

2002 — American Savings Bank unveils a new corporate identity, kalo, or taro leaf.

On 9 November, 2004 under the command of LTC Glenn Marchi, the unit deployed to Camp Buehring, Kuwait pending movement into Iraq.

After returning from deployment to Iraq in late 2005, the Battalion’s colors moved to its new headquarters at the Patriot Way armory in Rochester.

On 5 August 2006 the 1/142 Aviation Regiment and the 642d Divisional Aviation Support battalion were consolidated and re-designated as the 642d Aviation Support battalion.

LTC Scott Norcutt assumed command from LTC Stryker in September 2008.

2010 — President and Chief Executive Officer Richard Wacker joins the ASB ‘ohana.

In November 2011, LTC Jack James assumed command from LTC Norcutt.

642d ASB Soldiers flew missions throughout the region and Soldiers from the Battalion remained on state active duty as late as February 2013.

2015 — ASB celebrates 90 years of serving island residents and businesses and unveils plans for the construction of a new corporate campus in Chinatown.

2019 — ASB unveils new campus - the first new office building in downtown Honolulu in nearly 25 years.