American Savings Bank is Hawaii's #1 Local Mortgage Lender*

*State of Hawaii Bureau of Conveyances Jan-Oct 2024, recorded total value of residential, non-wholesale, purchase mortgages.

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Getting pre-qualified is highly recommended since many sellers require a pre-qualification letter from a reputable lender. Plus, during the pre-qualification process your ASB Loan Officer will help you determine the appropriate price range before you go house hunting.

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The mortgage discount offer (offer) is applicable for home purchase transactions financed through American Savings Bank (ASB) residential mortgage programs. Promotion is not applicable for brokered out loans or Veterans Affairs Loans. Offer good only with a completed loan application submitted to ASB and for a loan locked through 6/30/2025 and closed/funded by ASB by 9/30/2025. Offer is subject to automatic monthly mortgage payments from a new or existing ASB personal checking account for this offer of one half (0.5) point off loan origination points. The ASB checking account number with the intent to establish automatic monthly mortgage payments must be provided prior to final approval of the loan by ASB. The establishment of automatic payments must be signed at mortgage closing. If the borrower opts out of automatic payments or the ASB checking account is not established at loan closing, this promotion will not apply and ASB will be required to re-disclose the non-promotional rate and charges which may result in delayed closing. See the Personal Deposit Account Terms and Conditions for other terms, conditions and fees for Kalo Checking accounts. This offer cannot be combined with any other promotional discounts, long-term rate lock specials, or new project financing rates unless otherwise specified, and is limited to one promotion per loan. This offer is subject to change or discontinue without notice. Offer good for 1-4 unit single family dwellings, condotels, and condos. The financed residential property must be owner-occupied. Applicant(s) is/are subject to loan qualification, underwriting guidelines, and credit policy of ASB. Offer valid for Hawaii properties only. Certain terms and restrictions apply. For more information, please contact an ASB Residential Loan Officer.
Program is for eligible borrowers currently employed either full-time or part-time in one of the following eligible professions: teacher or professor (public, private, or non-profit); fire department; federal, state, or local government law enforcement agency; medical care provider (public, private, or non-profit); nurses, emergency medical technicians (EMTs) and paramedics; active or former military personnel (dishonorable discharge is ineligible); and public utility workers (communications, electric, gas and water). At least one borrower must be in an eligible profession to qualify. ASB requires documentation to support current employment in an eligible profession and/or a W-2.

The Ālia Home Loans Team

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ASB Awards $140,000 to Winners of 2022 Bank for Education KeikiCo Business Plan Competition

December 22, 2022 | 3 MIN read Community

American Savings Bank (ASB) announced the winners of its 2022 Bank for Education KeikiCo Business Plan Competition. Nearly 400 students grades 3 to 12 participated in the KeikiCo Contest, which started in 2015 and runs annually.

“This year’s KeikiCo participants inspired us with their innovation, imagination, creativity and commitment to bettering our community,” said Ann Teranishi, president and CEO at ASB. “We are grateful for the opportunity to support young leaders and entrepreneurs with financial education resources and mentorship opportunities to help build a stronger and more diversified economy.”

Nanakuli High School Students for KeikiCo Contest

High School Division First Place Winners: Nanakuli Intermediate & High School

Students form teams of two to five students to showcase their best business plan ideas before a panel of esteemed judges for a chance to win up to $25,000. ASB volunteers provided teachers and advisors with a video curriculum, online resources and mentorship.

“The KeikiCo Contest allows students to investigate and explore topics that they’re curious about and provides a unique opportunity for them to learn the fundamentals of business, while finding solutions realistic solutions for our community,” said Ruth Fletcher, head of school and president at St. Andrews School, this year’s 2nd place and special mention winner in the Middle School Division. “The contest is valuable for students because they can see how their contributions can positively affect our future.”

By participating in KeikiCo, students have the opportunity to learn about entrepreneurship and marketing while gaining critical thinking skills needed to launch and sustain a successful business in Hawaii.

ASB named 1st and 2nd place winners in three divisions – elementary, middle and high school, as well as one People’s Choice award for each division, selected by public voting on video entries. As an added bonus, 12 special mention awards were given out this year to honor business plans that received special praise from judges.

Bonus Cash for Winners
This year, ASB sweetened the deal and gave all winning students a $250 cash prize to invest in their future education. ASB will also match, up to $250, the net amount that their account balance increases in a 90-day period, following ASB’s $250 deposit.

2022 KeikiCo Contest Winners

Elementary School Division

1st Place ($25,000): Ernest Bowen de Silva Elementary School, I&S Bracelets
2nd Place ($15,000): Ala Wai Elementary School, Go Fish Go
People’s Choice ($5,000): Konawaena Elementary, ALOHALife Vending
Special Mention ($500): Ala Wai Elementary School, Air Buddies
Special Mention ($500): Ala Wai Elementary School, ChillOutz
Special Mention ($500): Ala Wai Elementary School, Dirty Air Destroyers
Special Mention ($500): Ala Wai Elementary School, Ocean Jewelry
Special Mention ($500): Konawaena Elementary, JC Jobs

Middle School Division:

1st Place ($25,000): Maui Waena Intermediate, Seaglam
2nd Place ($15,000): St. Andrews School, Eco Ocean
People’s Choice ($5,000): Chiefess Kamakahelei Middle, Kamaaina Coffee & Pastry
Special Mention ($500): Maui Waena Intermediate, Hooked on Yarn
Special Mention ($500): Maui Waena Intermediate, Mental Health Matters
Special Mention ($500): Maui Waena Intermediate, Trash to Treasure
Special Mention ($500): St. Andrews School, Emalani
Special Mention ($500): St. Andrews School, S&K Tableware

High School Division:

1st Place ($25,000): Nanakuli High School, Scrappahz Union
2nd Place ($15,000): McKinley High School, Aloha Safety App
People’s Choice ($5,000): Pearl City High School, PC Wallet
Special Mention ($500): Pearl City High School, Anonymous Hope
Special Mention ($500): Pearl City High School, Mongone

Once a school wins a prize from the KeikiCo Contest, they become part of ASB’s Bank for Education Ohana. This exclusive group receives invaluable perks, which include opportunities to apply for additional grants, volunteer service projects performed by ASB teammates, priority consideration for scholarships and internships and more.

Since the Bank for Education program began in 2010, ASB has donated more than $1 million to local schools.

St. Andrew School Students for KeikiCo Contest

Middle School Division Second Place & People's Choice Winners: St. Andrews School

Ala Wai Elementary School Students for KeikiCo Contest

Elementary School Division Second Place Winners: Ala Wai Elementary School

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Since 2021, American Savings Bank has helped to connect the community through its Buy Local Program. It gives consumer ways to save with their ASB Visa^® Debit Card while creating brand awareness for the many local businesses across the state.
Let’s continue to work together and build a better Hawaii together.

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ASB Distributes Thanksgiving Pies to 1,100 Teammates Across the State at “Pumpkin Pie Drive By”

November 20, 2022 | 1 MIN read News Releases

American Savings Bank (ASB) hosted a statewide Thanksgiving drive-thru for its 1,100 teammates across the state on Sunday, Nov. 20, as part of its annual holiday teammate appreciation event.

“With Thanksgiving around the corner, we can’t help but feel grateful for our teammates’ hard work and commitment to take care of our customers, community and each other,” said Beth Whitehead, executive vice president and chief administrative officer at ASB. “We are excited to celebrate and recognize our teammates for continuing to make banking easy for our customers with a delicious Thanksgiving pie that they can enjoy with their loved ones this holiday season.”

ASB Executive Team

Teammates on each of the five islands ASB serves received pumpkin desserts from local bakeries, including the highly sought after pumpkin-haupia pie from Ted’s Bakery on Oahu, and many other popular bakeries on Kauai, Maui, Hawaii Island and Molokai. Since Ted’s Bakery discontinued its wholesale operations to local markets a few months ago, these pies have become a hot commodity.

ASB’s leadership team dressed up in fun Thanksgiving costumes and handed out pies to nearly 700 teammates on Oahu and another few hundred on the neighbor islands. As a bonus, ASB gave out randomly selected “Lucky Pies” to 20 teammates who scored an additional $200 gift card to brighten their holidays.

All leftover pies from the event were donated to local nonprofit charities.

Media Contact

Karwin Sui
Communications Manager
(808) 539-7268
ksui@asbhawaii.com

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American Savings Bank Celebrates Newly Renovated Hilo Branch

November 21, 2022 | 2 MIN read Community

American Savings Bank (ASB) celebrated the completion of its Hilo branch renovation project at a private blessing ceremony on Monday, Nov. 21. The construction project, which began in February, highlights ASB’s continued commitment to its Hilo customers and community.

“American Savings Bank has been a part of the close knit Hilo community for more than 50 years and has built strong partnerships with Hilo businesses, residents and customers,” said Ann Teranishi, president and CEO at American Savings Bank. “Our team is excited to continue offering exceptional in-person and digital banking solutions to help make dreams possible for customers.”

Teammates celebrating Hilo branch renovation

ASB continues to invest in its facilities across the state as part of its commitment to make banking easy and convenient. Hilo branch customers can now look forward to:

Modern, spacious and open layout;
Brighter and cooler branch, featuring sustainable, energy-efficient lighting and air conditioning system;
ASB’s signature Sig Zane kalo graphics throughout the decor; and
Modern, spacious and open layout;
Two new full-service ATMs that allow customers to make check and cash deposits, receive paperless receipts and withdraw bills in multiple denominations.

Following the blessing ceremony, the public was invited to stop by for an all-day Customer Appreciation Day celebration. Guests enjoyed free giveaways and delicious treats and received personalized financial assistance from the friendly and knowledgeable Hilo bankers.

The Hilo branch, led by branch manager Mabyn Ganiron, offers full-service banking, personalized financial resources, ample parking and is open six days a week.

ASB Hilo Teammates

Hilo Branch Hours
Monday to Thursday: 8 a.m. to 5 p.m.
Friday: 8 a.m. to 6 p.m.
Saturday: 9 a.m. to 1 p.m.

For more information on services provided at the Hilo branch: asbhawaii.com/locations/big-island/hilo

In addition to ASB’s statewide network of branches and ATMs, customers can also take advantage of ASB’s online banking options and the ASB Hawaii Mobile App. Customers can also schedule phone appointments with bankers through the Make An Appointment tool available at www.asbhawaii.com.

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American Savings Bank is Hawaii's #1 Local Mortgage Lender*

*2024 State of Hawaii Bureau of Conveyances data, recorded total value of residential, non-wholesale, purchase mortgages.

More About Land & Home Construction Loans

What is a Vacant Land Loan?

Purchase a vacant lot in Hawaii to build your dream home tomorrow.

Fixed interest rate during the term
No prepayment penalty
Available for land purchase with land loan to be paid off and construction to commence within three years
Credit of up to one point paid on the land loan upon the Construction refinance

What is a Construction Loan?

New home as well as property additions and renovations in Hawaii

Build Your Dream^SM Construction-Permanent Loan combines construction financing and a permanent loan into one.
New home as well as property additions and renovations in Hawaii
New purchase and refinance
Interest-only payments during construction period
Up to 18 months for the construction phase
Fixed rate term after construction
One-time option to take advantage of lower rates for the permanent loan if fixed interest rates are lower when construction is completed
Find out more about What You Need to Know... with Construction Loans

For a limited time, receive one-half (0.50) point off

your loan origination points!²

On Construction & Vacant Land Purchase Loan applications received prior to 6/30/2025.

One-half point equates to $2,000 off a $400,000 loan.

Apply now > to start saving or contact a home loan officer > to learn more.

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Loan programs and products are subject to loan qualification, credit policy and underwriting standards for the respective program or product. Certain terms, conditions and restrictions may apply. Programs/products subject to change or discontinue without notice.
The loan discount offer (offer) is applicable for construction and vacant lot purchase loans financed through American Savings Bank (ASB) residential mortgage programs. Promotion is not applicable for brokered out loans or Veterans Affairs Loans. Offer good only with a completed loan application submitted to ASB through 6/30/2025. This offer cannot be combined with any other promotional discounts, long-term rate lock specials, or new project financing rates unless otherwise specified, and is limited to one promotion per loan. This offer is subject to change or discontinue without notice. Applicant(s) is/are subject to loan qualification, underwriting guidelines, and credit policy of ASB. Offer valid for Hawaii properties only. Certain terms and restrictions apply. For more information, please contact an ASB Residential Loan Officer.

Fannie Mae® is a registered trademark of the Federal National Mortgage Association. Freddie Mac® is a registered trademark of the Federal Home Loan Mortgage Corporation.

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ASB Awards $140,000 to Winners of 2022 Bank for Education KeikiCo Business Plan Competition

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2022 KeikiCo Contest Winners

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ASB Distributes Thanksgiving Pies to 1,100 Teammates Across the State at “Pumpkin Pie Drive By”

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American Savings Bank Celebrates Newly Renovated Hilo Branch

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