American Savings Bank Named Forbes Magazine Best In-State Bank for Fifth Year

American Savings Bank American Savings Bank (ASB) has been named to America’s Best In-State Banks Forbes Magazine's list of America’s Best In-State Banks 2024 for the fifth year. This prestigious recognition highlights financial institutions that excel in meeting the financial needs of their local communities.

Out of 4,000 financial institutions nationwide, only 185 banks made the cut, placing ASB in the top 4%. The recognition underscores ASB’s nearly 100-year commitment to making banking easy and convenient for Hawaii’s residents, businesses and community.

“American Savings Bank is proud to be named a best in-state banks for the fifth year,” said Ann Teranishi, president and CEO at ASB. “This honor, along with our recent recognitions as Forbes Magazine America’s Best Employers for New Grads, Newsweek America’s Greatest Workplaces for Diversity and Forbes Magazine Best Midsize Employers, reflects our team’s dedication to making dreams possible. We are grateful to our customers for their trust and recognition of our service.”

The Forbes recognition is based on two sources:

1. Independent Survey: Approximately 26,000 U.S. residents rated their satisfaction with banks they use. Ratings were based on trust, branch services, digital services, customer service, financial advice and terms and conditions. 
2. Public Reviews: Reviews and ratings from the past three years were analyzed to determine the public’s sentiments.

Banks with the highest combined scores from survey results (80%) and public reviews (20%) were awarded.

ASB offers a wide range of personalized financial services, including business and personal accounts, competitive lending services, commercial banking products and private wealth management through American Savings Investment Services.   

Recognizing the uniqueness of every financial situation in Hawaii, ASB is committed to delivering personalized solutions to meet specific goals and needs. To schedule an appointment with an expert, please visit asbhawaii.com/make-appointment.