Bank of Hawaii will buy Banque Paribas Pacifique and 70% of Banque Paribas Polynesie, two South Pacific banking units of France's Paribas banking group.

Banque Paribas Pacifique has three branches in New Caledonia, employs around 80 people, and has assets of about $251 million. Banque Paribas Polynesia has one branch, employs around 25 people, and has about $110 million of assets. After the deal closes, Bank Hawaii would have 17 branches across French Polynesia.

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