State Coverage: Hawaii
Market Keeps Pulling Rug Out from Under This Bank
American Banker | Nov 05For months now, Central Pacific Financial has been aiming at a moving target in trying to raise capital. And after a staggering $183M third-quarter loss because of rising loan trouble, the target just ...
Mutual Conversion Outlook Brightening
American Banker | Sep 01Only three mutual thrifts have succeeded in going public so far this year, but the conversion market is starting to pick up, with two large deals on the way.
Territorial Shares Surge in Debut
American Banker | Jul 14Shares of the $1.2 billion-asset thrift company shot up 50% after they began trading Monday, delivering the first-day pop that made such investments legend, but that had ...
One Thrift Plans Public Offering; Another Cancels
American Banker | Dec 05Territorial Savings Bank in Honolulu is planning to go public, and Community Bank in Brockton, Mass., is calling off its offering for now, in what has been a choppy market ...
California Builder Woes Spur Losses for Two Outsiders
American Banker | Aug 01If Guaranty Financial in Austin and Central Pacific Financial in Honolulu had made loans only in their home states, they might have reported solid profits for the second quarter.
Welcome Signs of Stability for Pair in Hawaii
American Banker | Jul 29Hawaii's two largest banking companies posted earnings increases and showed they have avoided the turmoil that has rocked many other regionals.
Central Pacific Posts Profit Drop
American Banker | May 01Plagued by bad residential construction loans in California, Central Pacific in Honolulu said Wednesday that its 1Q profit dropped more than 90% from a year earlier, to $1.7M.
Central Pacific CEO Arnoldus Retiring
American Banker | Mar 12After six years as the chief executive of Central Pacific Financial Corp. in Honolulu, Clint Arnoldus announced he will retire Dec. 31.
Central Pacific Accounces 4Q Earnings Shortfall
American Banker | Jan 14Central Pacific in Honolulu announced Friday that its 4Q earnings would come in well below expectations, largely because of continued weakness in its California …
2Q Earnings: Central Pacific Profit Rose
American Banker | Jul 27Central Pacific Financial Corp. in Honolulu said Thursday that its second-quarter profit rose 3%, to $21 million, from the year earlier.
2Q Earnings: Bank of Hawaii Tops Estimates
American Banker | Jul 24Bank of Hawaii Corp. said Monday that its second-quarter net income rose 28% from a year earlier.
Elder Abuse Lawsuit Settled
American Banker | May 31American Savings Bank in Honolulu has settled a lawsuit with its former security chief, who had claimed that the thrift covered up a branch employee's financial abuse of an elderly customer.
4Q Earnings: Bank of Hawaii Is Latest to Announce CFO Departure
American Banker | Jan 23Call it the CFO shuffle of 2007.
The announcements Monday by Citigroup Inc. and Bank of Hawaii Inc. of the departures of their chief financial officers came after Friday's news from U.S. Bancorp that CFO David M. Moffett will retire next month.
3Q Earnings: Fees, Cost-Cutting Offset Hawaii Bank Revenue Dip
American Banker | Oct 24Growth from fee income and expense controls offset deposit pricing pressure at Bank of Hawaii Corp. and helped boost third-quarter earnings, the Honolulu company said Monday.
Suits Accuse Bank of Elder Abuse, Cover-Up
American Banker | Aug 23American Savings Bank in Honolulu is facing two lawsuits that say it failed to protect an elderly customer from financial abuse by a branch employee.
