This article is about a bank in Hawaii. It is not to be confused with the California-based American Savings Bank, the short-lived successor of American Savings and Loan.
American Savings Bank, F.S.B. (ASB) is one of Hawaii’s largest financial institutions headquartered in Honolulu, Hawaii. The company is headquartered at 300 N. Beretania St., Honolulu, HI 96817, right outside of Honolulu’s Chinatown and the downtown financial district.
American Savings Bank dates back to September 7, 1922, when four men filed articles of incorporation in the state of Utah for mutual savings and loans. The following year, on April 24, another association filed articles of incorporation under the name of American Building and Loan Company. Permission to establish its first branch in Honolulu, HI, was granted on January 8, 1925.
On February 4, 1932, Mutual Savings and Loan merged with American Building and Loan to become American Mutual Savings and Loan. Ten years later, the corporate name was changed to American Savings and Loan Association.
By 1958, American Savings and Loan had five offices. In the 1960s it added four branches on Oahu. The 1971 acquisition of Kauai Savings and Loan added four branches. Three years later, in 1974, American Savings and Loan merged with Maui Savings & Loan. American Savings and Loan now had branches on five islands. When American Savings and Loan acquired the Pacific Savings and Loan Association of Hawaii in 1977, it added another six locations on Oahu. In 1978, American Savings and Loan marked a milestone when it achieved $1 billion in assets.
On January 23, 1987, American Savings and Loan Association announced the formation of a separate subsidiary to conduct its operations. The subsidiary, called American Savings Bank, was a federally chartered savings bank with its home office in Honolulu, Hawaii.
On May 26, 1988, Hawaiian Electric Industries (HEI), parent company of Hawaiian Electric Company, acquired American Savings Bank from Salt Lake City-based American Savings and Loan Association.[1] In 1990, American Savings Bank acquired First Nationwide Savings Bank's Hawaiian branches and their deposits.[2] On December 6, 1997, American Savings Bank acquired the assets of Bank of America Hawaii Division, increasing their branch total at that time to 68 and their assets to $5.5 billion.[3]
Referencesedit
^"American S&L Completes Sale Of Hawaiian Subsidiary". Deseret News. May 31, 1988.
^"Company Briefs". The New York Times. May 26, 1990. Retrieved November 1, 2022.
^Daysog, Rick (May 27, 1997). "Bank of America to sell isle branches: American Savings gets 39 branches, deposits, loans". Honolulu Star-Bulletin.
american, savings, bank, this, article, about, bank, hawaii, confused, with, california, based, short, lived, successor, american, savings, loan, hawaii, largest, financial, institutions, headquartered, honolulu, hawaii, company, headquartered, beretania, hono. This article is about a bank in Hawaii It is not to be confused with the California based American Savings Bank the short lived successor of American Savings and Loan American Savings Bank F S B ASB is one of Hawaii s largest financial institutions headquartered in Honolulu Hawaii The company is headquartered at 300 N Beretania St Honolulu HI 96817 right outside of Honolulu s Chinatown and the downtown financial district American Savings Bank F S B Company typeSubsidiaryIndustryFinancial servicesFounded1925 99 years ago 1925 HeadquartersHonolulu Hawaii United StatesArea servedHawaii WorldwideKey peopleAnn Teranishi President amp CEO Dani Aiu EVP Consumer Banking Gabe Lee EVP Commercial Markets Steven Nakahara EVP Chief Credit Officer Natalie Taniguchi EVP Enterprise Risk amp Regulatory Relations Dane Teruya EVP Chief Financial Officer John Ward EVP Chief Marketing amp Product Officer Beth Whitehead EVP Chief Administrative Officer Brian Yoshii EVP Chief Information Officer Number of employees1000ParentHawaiian Electric IndustriesWebsitewww wbr asbhawaii wbr comHistory editAmerican Savings Bank dates back to September 7 1922 when four men filed articles of incorporation in the state of Utah for mutual savings and loans The following year on April 24 another association filed articles of incorporation under the name of American Building and Loan Company Permission to establish its first branch in Honolulu HI was granted on January 8 1925 On February 4 1932 Mutual Savings and Loan merged with American Building and Loan to become American Mutual Savings and Loan Ten years later the corporate name was changed to American Savings and Loan Association By 1958 American Savings and Loan had five offices In the 1960s it added four branches on Oahu The 1971 acquisition of Kauai Savings and Loan added four branches Three years later in 1974 American Savings and Loan merged with Maui Savings amp Loan American Savings and Loan now had branches on five islands When American Savings and Loan acquired the Pacific Savings and Loan Association of Hawaii in 1977 it added another six locations on Oahu In 1978 American Savings and Loan marked a milestone when it achieved 1 billion in assets On January 23 1987 American Savings and Loan Association announced the formation of a separate subsidiary to conduct its operations The subsidiary called American Savings Bank was a federally chartered savings bank with its home office in Honolulu Hawaii On May 26 1988 Hawaiian Electric Industries HEI parent company of Hawaiian Electric Company acquired American Savings Bank from Salt Lake City based American Savings and Loan Association 1 In 1990 American Savings Bank acquired First Nationwide Savings Bank s Hawaiian branches and their deposits 2 On December 6 1997 American Savings Bank acquired the assets of Bank of America Hawaii Division increasing their branch total at that time to 68 and their assets to 5 5 billion 3 References edit American S amp L Completes Sale Of Hawaiian Subsidiary Deseret News May 31 1988 Company Briefs The New York Times May 26 1990 Retrieved November 1 2022 Daysog Rick May 27 1997 Bank of America to sell isle branches American Savings gets 39 branches deposits loans Honolulu Star Bulletin External links edit nbsp Banks portal American Savings Bank Website Credit Card Branch Bank Locator nbsp This United States bank related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title American Savings Bank amp oldid 1187736412, wikipedia, wiki, book, books, library,
