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In The News

 

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  • American Savings Bank will Continue to be a Leading Financial Institution Serving and Investing in Hawaii
  • American Savings Bank will Remain Headquartered in Hawaii, Led by its Current Management Team
Wednesday, December 3, 2014 – Hawaiian Electric Industries, Inc. (NYSE:HE) today announced that its Board of Directors has unanimously approved a plan to spin off ASB Hawaii, Inc., the parent company for American Savings Bank, and establish it as an independent publicly traded company. The spinoff of ASB Hawaii is contingent upon the closure of the separately announced definitive agreement under which NextEra Energy, Inc. will combine with HEI and will occur immediately prior to the closing of the NextEra Energy-HEI transaction.
 
 
Sunday, November 23, 2014 - American Savings Bank (ASB) plans to build a new corporate campus near Downtown Honolulu that will serve as its new Hawaii headquarters, bringing together 600 of its employees from around the island, including its top executives, in a 100,000-square-foot building. 
 
Tuesday, November 4, 2014 - American Savings Bank (ASB) took top honors at the Small Business Administration (SBA) 15th Annual SBA Lender Awards. ASB was honored for making the most SBA Loans (161) in the Hawaii District and took top honors in their lending category for mid-size lenders in several award categories.
 
Tuesday, October 28, 2014 - For the second year in a row, American Banker and Best Companies Group have named American Savings Bank (ASB) one of the Best Banks to Work For in 2014. In total, only 40 banks across the nation achieved “Best Bank” status, ASB was number 27 in the overall ranking and number 4 in the category for banks with $3 billion to $10 billon of assets. ASB was the only Hawaii bank to make this list. The full Best Banks to Work For list will be featured in the November issue of American Banker Magazine.
 
Friday, October 24, 2014 - American Savings Bank (ASB) unveils its renovated Kailua Branch on Friday, October 24 at 8:45 a.m. The public was invited to the blessing.
 
August 2014 - American Savings Bank (ASB) has provided a $20,000 grant to the Hawaii Home Ownership Center (HHOC). This grant will be used to fund two primary HHOC programs: homeownership loss prevention and homeownership promotion. HHOC’s homeownership loss prevention classes educates and assists distressed homeowners, providing options to avoid foreclosure, while the homeownership promotion classes, prepares first time home buyers.
 
Wednesday, July 23, 2014 - American Savings Bank (ASB), has committed $100,000 to the Pacific Asian Center for Entrepreneurship (PACE) at the University of Hawaii at Manoa (UHM), Shidler College of Business. As part of a five-year commitment, this gift will support entrepreneurial education and help UHM monetize research efforts. In recognition of this gift, one of the co-working spaces will be named in ASB’s honor.
 
PDF document American Savings Bank Receives National Recognition Visa Recognizes the Bank for its Efforts Identifying and Preventing Fraud
Tuesday, June 17, 2014 – American Savings Bank (ASB) was recognized by Visa as one of 108 national banks acknowledged as Quality Performance Award winners. ASB was the only Hawaii bank recognized with the Highest Chargeback Effective Rate for Fraud reason codes. This award recognizes ASB’s compliance procedures, operational efficiency and accuracy in identifying fraudulent charges on consumer and small business debit card accounts.
 
PDF document Best Bank for Baby Boomers
Wednesday, May 14, 2014 – American Savings Bank (ASB) has been named the Best Bank for Baby Boomers by GOBankingRates.com, an online resource providing information on competitive rates, products, and investment strategies.

PDF document American Savings Bank Supports The Polynesian Voyaging Society
Friday, March 21, 2014 - American Savings Bank (ASB) is a proud community supporter of the Polynesian Voyaging Society’s Mālama Honua voyage. From Monday, March 24, 2014 through Saturday, April 19, 2014, ASB branches will be accepting cash donations from customers for the voyage and for each donation of $25 or more, ASB will give customers a complementary eco-bag displaying the voyage route. On May 17, the Hōkūle‘a and sister canoe, Hikianalia, will embark on their 4 year journey around the world.

PDF document American Savings Bank, as part of Hawaiian Electric Industries, provides support for Hokulea's Historic Voyage
Wednesday, January 29, 2014 - The Polynesian Voyaging Society (PVS) has been awarded a five-year, $250,000 grant from Hawaiian Electric Industries (HEI) and its related companies American Savings Bank. Hawaiian Electric, Hawaiʻi Electric Light and Maui Electric to support its historic voyage, Malama Honua (care for the Earth), a five-year, around-the-world odyssey by long-distance canoes Hōkūle`a and Hikianalia.

PDF document Aloha For Philippines Relief Effort Launched
Saturday, November 16, 2013 - As part of the statewide Aloha For Philippines relief effort, Hawaii’s banks are teaming up to accept donations for disaster victims of Super Typhoon Haiyan. Beginning Monday, November 18, customers will be able to donate money at any branch of virtually every bank in the state, providing Hawaii residents hundreds of safe, convenient and trusted locations to make contributions.

PDF document American Savings Bank to host sporting event fundraiser benefiting Kapi‘olani Medical Center
Monday, October 7, 2013 - American Savings Bank (ASB) is bringing the quirky, competitive Olympic sport of curling and some of its brightest stars to the Aloha State. This unique signature fundraiser, hosted by ASB, will benefit Kapi‘olani Medical Center for Women & Children (Kapi‘olani) and USA Curling this year. Two events will be held at the Ice Palace on Thursday, October 17. The first event will feature curling clinics with children from two of ASB’s Bank for Education Ohana schools. That evening, an exclusive fundraiser “competition” is anticipated to raise upwards of $50,000 for the hospital.

PDF document American Savings Bank Taps Xerox to Manage Print Operations 
Friday, September 13, 2013 - American Savings Bank has selected Xerox, a global leader in document management and business process management, to manage its Hawaii print operations as part of an innovative five-year managed services agreement.

PDF document American Savings Bank Hosts First Annual Statewide Service Day
Monday, July 15, 2013 - American Savings Bank held its first annual Statewide Seeds of Service Day on June 29th as part of Employee Appreciation Month. Approximately 160 employees with their family and friends turned out to volunteer. The bank organized community service projects on the islands of Oahu, Maui, Molokai, and Kauai.

PDF document American Savings Celebrates Employees with Ice Cream
Monday, July 01, 2013 - June was Employee Appreciation Month at American Savings Bank (American). To thank employees for their hard work and dedication, American’s executives traveled the state serving ice cream sundaes to employees.

PDF document American Savings Bank Opens New Kailua Kona Branch
Tuesday, June 25, 2013 - American Savings Bank (American) held the grand opening of its new Kailua Kona branch at the corner of Palani Road and Kuakini Highway. This full-service branch replaces the former Kailua Kona branch up the street on Palani Road.

PDF document American Savings Bank Dials Up Mobile Deposits
Tuesday, April 30, 2013 - American Savings Bank is experiencing phenomenal user adoption since the launch of its mobile banking and payments solution. As part of Monitise’s Bank Anywhere mobile solution, American Savings Bank is the first Hawaiian bank to deploy mobile remote deposit capture, resulting in mobile deposits skyrocketing by 40 percent in March.

PDF document American Savings Bank Donates $30,000 to the University of Hawaii Entrepreneurship Center
Wednesday, March 13, 2013 - American Savings Bank (American) has donated $30,000 to become the title sponsor of the 2013 UH Business Plan Competition organized by the Pacific Asian Center for Entrepreneurship (PACE) at the UH Manoa Shidler College of Business.

PDF document American Savings Bank Opens New Hawaii Kai Branch
Tuesday, February 19, 2013 - American Savings Bank (American) held the grand opening of its new Hawaii Kai branch in the Towne Center. The new branch replaces the former Koko Marina Shopping Center branch and offers consumer and business banking services, mortgage lending, insurance and investments as well as safe deposit boxes.

 

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