#asb hawaii

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.

In honor of National Volunteer Month, American Savings Bank hosted its 14th community clean-up event to beautify and revitalize the Chinatown-Kalihi neighborhood on Oʻahu. The event was held on Saturday and drew participation of 140 volunteers from eight organizations.

American Savings Bank announced the retirement of Gabe Lee, who served as Executive Vice President of Commercial Banking for over 25 years and successfully created ASB’s Commercial Banking division. Tony Mizuno, who joined ASB in 2020 and has more than 30 years of banking experience, was promoted to lead ASB’s Commercial Banking team.

American Savings Bank, a subsidiary of Hawaiian Electric Industries, Inc., announced a net income of $20.2 million for the second quarter of 2023.

Molokaʻi Auto Parts, an automotive supply store serving the Molokaʻi community, has been awarded a $10,000 grant through the Fiserv Back2Business program, a collaboration with American Savings Bank.

American Savings Bank joined forces with Hawaiʻi Community Lending to make a $4.3 million investment in homeownership opportunities for eligible native Hawaiians residing on Hawaiian home lands.

American Savings Bank partnered with more than 20 organizations during its Seeds of Service Community Cleanup on Saturday, Apr. 29. The event is the 12th cleanup ASB has organized in the area since 2015.

American Savings Bank is now approved by the US Department of Housing and Urban Development to provide HUD 184A and FHA 247 loans to the Native Hawaiian community. The loan programs are designed to provide affordable financing options to Native Hawaiians for the purchase and refinance of homes on Department of Hawaiian Home Lands leased land.

ASB teammates on Oʻahu, Maui, Hawaiʻi Island and Molokaʻi participated in community beatification and clean-up projects at ʻAʻala Park, Child & Family Service, Hawaiʻi Food Bank, Hawaiʻi Taro Farm (in partnership with Maui United Way), Kaunakakai School and Waimea Elementary School.

The Hawaiʻi Chamber of Commerce Foundation, Hawaiʻi Agricultural Foundation and Hawaiʻi Restaurant Association Educational Foundation – will each receive $43,000 as part of ASB’s efforts to help Hawaiʻi’s local restaurant and food supply chain industry, two industries that were greatly affected during the COVID-19 pandemic. 

American Savings Bank announced its charitable contributions for the 2021 calendar year totaled more than $1.5 million. The funds were donated to the community, benefiting nearly 80 local nonprofit organizations, according to a company announcement.

American Savings Bank hosted a statewide Turkey Drive-Thru event for its 1,100 teammates across the state on Sunday, Nov. 21, as part of its annual Teammate Appreciation Month festivities.

American Savings Bank has announced a promotion and two new hires.  The announcement includes two residents of the island of Maui–Ann Sakamoto and Jeffrey Bonk.

American Savings Bank has hired Brian Yoshii as Executive Vice President, Chief Information Officer.

American Savings Bank has donated $65,000 to the American Savings Bank Endowed Scholarship Fund.

In early 2018, Teranishi was named to Pacific Business News’ Women Who Mean Business and Hawaiʻi Business Magazine’s 20 for the Next 20 lists.

NextEra Energy and Hawaiian Electric Industries announced an a deal to combine. The transaction is valued at approximately $4.3 billion and includes the assumption of $1.7 billion in HEI debt.