Bank of Hawaii (BOH) has agreed to delay its exit from American Samoa for one year to give the territory time to recruit another bank.

The bank agreed to the extension before a Tuesday meeting in Honululu that had been called by the Federal Reserve Bank of San Francisco to allow for public comment on the proposed closure. Bank of Hawaii Chief Executive Peter Ho agreed to the extension at a private meeting with American Samoa Governor Lolo Moliga and Congressman Eni Faleomavaega, the Pacific Business News reported Wednesday.

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