Hawaii National Bank
Encyclopedia
Hawaii National Bank is a privately-held community bank, with branch offices
in Hilo, Hawai'i
, Oahu
, and Maui
. The bank was first established on September 19, 1960 in the Chinatown
neighborhood of downtown Honolulu
.
Hawaii National Bank survived the fierce competition by innovation, and though disputed by other bank
s, it claims to hold the titles of several firsts:
In 1997, Hawaii National Bank had the highest percentage of small business loans (defined as loans of less than $
250,000) of all the commercial bank
s in Hawaii. Further, in a report by the Office of Advocacy of the United States
Small Business Administration
, the bank
was recognized as being the "most friendly" lender to small business in its asset size in Hawaii
. The bank is also a is a certified participant in the Minority Bank Deposit Program administered by the United States Department of the Treasury
Financial Management Service
.
Branch (banking)
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution offers a wide array of face-to-face and automated services to its customers....
in Hilo, Hawai'i
Hilo, Hawai'i
Hilo is the largest census-designated place and the largest settlement on the Island of Hawaii, also known as the County of Hawaii. The population was 40,759 at the 2000 census. The population increased by 6.1% to 43,263 at the 2010 census....
, Oahu
Oahu
Oahu or Oahu , known as "The Gathering Place", is the third largest of the Hawaiian Islands and most populous of the islands in the U.S. state of Hawaii. The state capital Honolulu is located on the southeast coast...
, and Maui
Maui
The island of Maui is the second-largest of the Hawaiian Islands at and is the 17th largest island in the United States. Maui is part of the state of Hawaii and is the largest of Maui County's four islands, bigger than Lānai, Kahoolawe, and Molokai. In 2010, Maui had a population of 144,444,...
. The bank was first established on September 19, 1960 in the Chinatown
Chinatown, Honolulu
The Chinatown Historic District is a neighborhood of Honolulu, Hawaii known for its Chinese people and is one of the oldest Chinatowns in the United States.-History:The area was probably used by fishermen during ancient Hawaii but little evidence remains...
neighborhood of downtown Honolulu
Downtown Honolulu
Downtown Honolulu is the current historic, economic, governmental, and central part of Honolulu—bounded by Nuuanu Stream to the west, Ward Avenue to the east, Vineyard Boulevard to the north, and Honolulu Harbor to the south—situated within the larger Honolulu District...
.
Hawaii National Bank survived the fierce competition by innovation, and though disputed by other bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
s, it claims to hold the titles of several firsts:
- First to offer education loans (1960)
- First daily interest on savings (1965)
- First compounded daily interest on savings (1968)
- First free personal checking accounts (1969)
- First free business checking accounts (1975)
- First home equity credit line (1983).
In 1997, Hawaii National Bank had the highest percentage of small business loans (defined as loans of less than $
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
250,000) of all the commercial bank
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
s in Hawaii. Further, in a report by the Office of Advocacy of the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
Small Business Administration
Small Business Administration
The Small Business Administration is a United States government agency that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses...
, the bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
was recognized as being the "most friendly" lender to small business in its asset size in Hawaii
Hawaii
Hawaii is the newest of the 50 U.S. states , and is the only U.S. state made up entirely of islands. It is the northernmost island group in Polynesia, occupying most of an archipelago in the central Pacific Ocean, southwest of the continental United States, southeast of Japan, and northeast of...
. The bank is also a is a certified participant in the Minority Bank Deposit Program administered by the United States Department of the Treasury
United States Department of the Treasury
The Department of the Treasury is an executive department and the treasury of the United States federal government. It was established by an Act of Congress in 1789 to manage government revenue...
Financial Management Service
Financial Management Service
The Financial Management Service is a bureau of the United States Department of the Treasury and provides several financial services for the federal government...
.