By the time Hawaii gained statehood in 1959, there were nearly 600,000 residents on the eight major islands, outranking Alaska, Nevada, Wyoming, Vermont, and Delaware.
One of the first major indications of the bank's more expansive geographic strategy was the formation of Bank of Hawaii International, Inc. in 1968.
A milestone in Bankoh's development from a community bank to an international financial services firm occurred in 1971, the year Hawaii Bancorporation, Inc. was formed.
In 1973, Bancorp Leasing of Hawaii, Inc. was formed to provide, as its name suggested, leasing and leasing services primarily to commercial customers.
In July 1997, Bancorp Hawaii acquired California United Bank, an Encino, California-based bank with 21 branches in Southern California.
To reflect its increasingly international focus, which had been developing for decades, the holding company changed its name in 1997, adopting Pacific Century Financial Corporation as its new corporate title.
The onset of the Asian economic crisis in 1997 delivered a serious blow to the company's fortunes, leaving it exposed to the financial turmoil experienced by troubled Asian countries.
In 1998, the company invested in Brisbane, Australia-based Bank of Queensland, a 1.8 billion asset bank.
In mid-1999 the company more than doubled its original investment in the Bank of Queensland, increasing its ownership stake to 17 percent.
The deal was completed in April 2001, followed by the sale of the company's California banking operations in September 2001.
In April 2002, the Pacific Century name was dropped, replaced by a corporate title reflective of the narrowed focus of its operations Bank of Hawaii Corporation.
One of the fifth-highest rated banks in the nation by Consumer Reports in 2018.
1As of February 28, 2020, Bank of Hawaii was ranked No.
|Company Name||Founded Date||Revenue||Employee Size|
American Savings Bank1925
Bank of the West1874
Fifth Third Bank1858
First Midwest Bank1940
Amarillo National Bancorp-
Bank of America1998