HONOLULU -- Bank of Hawaii said it has acquired a 51% interest in the National Bank of Solomon Islands.

The Solomon Islands National Provident Fund is the owner of the remaining interest in the commercial bank.

The National Bank of Solomon Islands began operations in March 1981 as a joint venture of the Investment Corporation of Solomon Islands and Commonwealth Trading Bank of Australia.

Bank of Hawaii International Inc. will assume the role of managing agent for the Solomon Islands' leading bank, which has assets of approximately $51 million.

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