HONOLULU - First Hawaiian Bank acquired certain loans and insured deposits of EastWest Bank after it was closed Friday by the Office of the Comptroller of the Currency.

With only $3.4 million in assets and two branches, EastWest Bank will be easily absorbed and have "no adverse impact on First Hawaiian operations or earnings," said Walter A. Dods Jr., chairman and chief executive officer of both it and its parent, First Hawaiian Inc.

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