Monday, December 22, 2008

Bank of Hawaii declines federal bailout funds

Bank of Hawaii announced today that it would not accept the funds provided by the Treasury's Capital Purchase Program, which was designed to strengthen the banking system.

"Bank of Hawaii has the resources to meet the needs of our customers and support our growth. We believe that Bank of Hawaii is safe, balanced and prepared to face the challenging operating conditions as the economy slows without government investment", said Bank of Hawaii CEO & Chairman, Allan R. Landon.

Read the full story in The Honolulu Advertiser here.