Elisia Flores and Mike Kennedy join the bank’s Board of Directors

American Savings Bank Welcomes New Board Members

HONOLULU, May 10, 2018 – American Savings Bank (ASB) welcomes two new members to its board of directors: Elisia Flores, Vice President and Chief Financial Officer of L&L Franchise Inc. and Mike Kennedy, President of OFX North America.

“We are excited to welcome someone of Elisia’s caliber, who has corporate experience locally with L&L Franchise Inc. and nationally with General Electric,” said Rich Wacker, ASB President and CEO. “Elisia’s deep roots in Hawai‘i combined with her extensive finance experience bring much value to our board.”

Flores, who will serve on the board’s audit committee, has more than 15 years of leadership experience in corporate finance. Prior to becoming CFO of L&L Franchise, Inc., she served in a number of senior financial management roles at General Electric (GE), building on her earlier experience as a Corporate Auditor on GE’s highly regarded Corporate Audit Staff.  Flores holds an Executive MBA from the University of California, Los Angeles, and a Bachelor of Science from the University of Southern California. She serves on the boards of Diamond Head Theatre, the Patsy T. Mink Center for Business Leadership, Family Business Center of Hawai‘i and the Kapi‘olani Community College Culinary Arts Program.

“I am proud to join the board of ASB, a financial institution I have long admired for its dedication and commitment to the people of Hawai‘i,” said Flores. “I am looking forward to being part of ASB’s continued growth and service to our community.”

Kennedy is the President of OFX North America, one of the world’s largest international payments providers. He is also the co-founder of clearXchange LLC, now known as Zelle, one of the most successful payment network operators that allows bank customers to send person-to-person electronic payments in the United States. Prior to that, Kennedy served as Executive Vice President at Wells Fargo, where he headed the bank’s Innovation and Payments Strategy group, following roles in wealth management and corporate banking.  He also held leadership roles with McKinsey & Company and Vail Associates.   

“Mike’s revolutionary work and leadership in fintech make him a welcome addition to our board,” said Wacker. “His insights will greatly support our focus on making banking easy for our customers.”

Kennedy joins the board’s risk committee. He earned his MBA from Harvard Business School and Bachelor and Master of Science degrees from Stanford University.

“I look forward to furthering ASB’s work to deliver great products and services to its customers, and its support for the communities of Hawai‘i,” said Kennedy.

About American Savings Bank

American Savings Bank (ASB) has been serving Hawai‘i’s businesses and communities since 1925 and currently provides a full range of financial products and services, including business and consumer banking, home loans, insurance and investments. ASB is one of Hawai‘i’s leading financial institutions, with e-banking services and branch locations throughout the state offering evening, weekend and holiday hours. ASB provides Hawai‘i’s consumers and businesses with more extended weekday and weekend hours than other similarly sized local banks, as well as convenient in-store branches. ASB was the first Hawai‘i bank to introduce remote-deposit capture with a mobile banking application.

ASB matches its exceptional customer experience with an employee experience that has garnered local and national awards. ASB has been recognized locally as one of the “Best Places to Work” by Hawaii Business Magazine for nine consecutive years and honored nationally as one of the “Best Banks to Work For” by American Banker Magazine. Fortune Magazine has recognized ASB as one of the 100 Best Workplaces for Women and 50 Best Workplaces for Diversity. For more than 90 years, ASB has been helping build strong communities. Through its Seeds of Service program, ASB teammates have contributed more than 36,000 hours of volunteer service, and ASB has donated millions of dollars to Hawai‘i’s nonprofits and community organizations. For more information, visit www.asbhawaii.com or follow American Savings Bank on Facebook and Instagram.

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