Top 4 Local Banks in Hawaii You Should Know

Although major national banks are present nationwide, they haven't made significant inroads in Hawaii. Since most residents' income comes from tourism-related businesses, they prefer banks that understand island life and associated risks. Over the years, locals have established their own banks, which have thrived by catering to community needs. Here are four prominent banks in Hawaii renowned for their personal and business services. There's no single "best" bank; each has evolved to be customer-centric and competitive in the local market.

Hawaii National Bank
A forward-thinking bank designed to support Hawaii's youngest digital-savvy generation, offering many online services.

This bank provides a variety of account options with simple procedures, along with online and mobile banking services. Recognizing the unique risks of island life, Hawaii National Bank offers specialized insurance products such as hurricane and earthquake coverage. Additional offerings include credit cards, checking and savings accounts, student loans, retirement plans, and personal loans.

Bank of Hawaii
Known for excellent customer service and timely assistance, Bank of Hawaii is a favorite among locals for all financial needs.

This bank specializes in personal and home equity loans, small business and commercial loans, student lending, and savings accounts. Though rooted in tradition, it embraces modern banking practices, allowing customers to manage accounts and pay bills online or via mobile devices. For residents seeking trusted, quick banking solutions, Bank of Hawaii is a top choice.

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American Savings Bank
Serving Hawaii for nearly 90 years, American Savings Bank maintains a traditional yet respected presence, deeply rooted in local culture. As one of the oldest financial institutions on the island, it offers loans and banking services tailored to community needs. Known for competitive rates and customer-friendly policies, it’s a go-to choice for individuals and small businesses requiring financial assistance.

First Hawaiian Bank
With a history spanning around 160 years, First Hawaiian Bank has helped residents manage wealth and finances effectively. Its longstanding reputation makes it a trusted institution for various financial transactions. It offers excellent checking options and high-yield savings accounts, making it a preferred choice for many locals.

While Hawaii might lack the footprints of large national banks, its local banks have established strong brands, often outperforming bigger organizations through their personalized service and understanding of community needs.

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