#American Savings Bank

Maui Waena Intermediate School was awarded a total of $30,000 as the first place and People’s Choice award recipient in the middle school category of the American Savings Bank, Bank for Education KeikiCo Business Plan Contest.

As friends, family, and community members recently gathered to celebrate the life of Wayne Minami, Child & Family Service joins American Savings Bank in honoring a man whose generosity, leadership, and quiet commitment to service strengthened countless families across Hawaiʻi.

American Savings Bank announced the results of its 2025 Kahiau Giving Campaign, contributing more than $277,000 to four local nonprofits. This year, 94% of teammates participated in the annual employee-led initiative, a 2% increase from the prior year. Since its inception nearly 15 years ago, the Kahiau program has generated more than $4 million in total donations.

American Savings Bank has received national recognition from the American Bankers Association (ABA) Foundation for its Hui Kapili Accelerator, earning a 2025 ABA Foundation Community Commitment Award in the Community and Economic Development category.

The grand opening and blessing of Kaiāulu o Kūku‘ia Thursday morning marked an emotional milestone in West Maui’s recovery, becoming the first newly built, permanent multifamily affordable housing project to open for local families since the August 2023 wildfires. The complex includes Hawai‘i’s first Bezos Academy preschool.

American Savings Bank (ASB) is now accepting applications for its 2025 KeikiCo Business Plan Competition, a statewide challenge that invites Hawaiʻi public and charter school students in grades 3 through 12 to dream big, solve real-world problems and compete for up to $25,000 for their school – plus bonus cash for individual winners.

DXD Capital, a private equity firm specializing in data-driven self storage development, announced the grand opening of a new storage option for residents and businesses in South Maui. This 355-unit self storage facility in Kīhei, provides secure, drive-up storage in the Līpoa Community.

American Savings Bank has named John Jacobi as Executive Vice President and Chief Information Officer. John will oversee ASB’s technology teams and lead strategic initiatives, continuing ASB’s commitment to providing its customers with best-in-class service. John most recently served as CIO for Hawaiian Airlines.

This contribution represents a quarter of all funds awarded to Hawaiʻi organizations and will support a range of initiatives focused on affordable housing, financial education and community revitalization, including Lahaina homeowner recovery efforts.

This new location was designed with the community’s needs of convenience and accessibility in mind and replaces ASB’s former Lahaina Branch on Papalaua Street, which was destroyed in the Maui wildfires.

Maui Economic Opportunity was one of 10 nonprofits in the state to receive $10,000 from the American Savings Bank Charitable Foundation.

To celebrate 100 years of serving Hawaiʻi, American Savings Bank is giving back with a $100,000 donation to local nonprofits through the newly launched ASB Charitable Foundation. Ten organizations will each receive $10,000 – and the public is invited to decide the recipients by voting online.

The Office of Hawaiian Affairs today announced the launch of “AHO”- the Access to Home Ownership program, a new mortgage loan program designed to address Hawaiʻi’s affordable housing crisis and assist Native Hawaiians in achieving their dreams of homeownership in Hawaiʻi.

With the theme “Building Solutions for Hawai‘i’s Housing Crisis,” Hawai‘i Community Lending held its annual meeting, Hui Waiwai, on Jan. 23, 2025. All proceeds from the event—totaling more than $37,000—go to support housing for local and Hawaiian families.

American Savings Bank awarded $135,000 to nine winning student teams as part of its seventh annual Bank for Education KeikiCo Business Plan Competition. Students in grades 3 through 12 submitted business plans for ideas that support Hawaiʻi’s resilience and growth, including sustainable bedding for the homeless and a device that prevents dehydration.

American Savings Bank and aio have announced the start of the second cohort for the Hui Kapili Accelerator, following a successful first cohort.

American Savings Bank reached its 100th year of services to Hawaiʻi residents this year, and celebrated by announcing its new ASB Charitable Foundation and a $100,000 donation to local nonprofits, according to an announcement.

Independent investors have acquired non-controlling interests in American Savings Bank in separate transactions from Hawaiian Electric Industries Inc., the bank announced today. Among other things, HEI said the sale will give it flexibility in making its Maui wildfire settlement contributions.

Hawaiʻi Community Lending announced that HPM Building Supply and American Savings Bank will sponsor the nonprofit’s annual Hui Waiwai on Jan. 23, 2025, at Bishop Museum from 5 to 8 p.m.

American Savings Bank (ASB) has announced the return of the Bank for Education KeikiCo Contest. The business plan competition is designed to inspire entrepreneurial spirit and enhance financial literacy among Hawaii’s young leaders.