American Savings Bank Promotes Dane Teruya to Executive Vice President, Chief Financial Officer

Teruya joins ASB’s Management Committee, leading the Treasury, Financial Planning and Accounting teams

HONOLULU, May 16, 2018 – American Savings Bank (ASB) has promoted Dane Teruya to Executive Vice President, Chief Financial Officer. In his new role on the bank’s executive team, Teruya will support strategic initiatives and business growth while leading the Treasury, Financial Planning and Accounting teams.

“Over the past two years, Dane has brought incredible value to our finance team, managing the consistent growth of ASB’s investment portfolio while improving our overall profitability and interest rate risk,” said Rich Wacker, President  & CEO of American Savings Bank. “We are proud to welcome Dane to our executive team, and are excited to witness his continued contributions to our bank’s high performance.”

Teruya joined ASB as Treasurer in 2016 with nearly 20 years of banking experience. He previously served as Vice President and Treasury Manager at Central Pacific Bank, where he served in key roles managing the company’s investment portfolio.

“ASB has provided me with many career opportunities to date, and I am especially humbled by this opportunity to serve on its leadership team,” said Dane Teruya, Executive Vice President, Chief Financial Officer. “I am proud to work alongside such hardworking and amazing teammates at ASB, and I look forward to furthering our vision of being a bank that makes people’s dreams possible.”

Teruya is a former member of the board of directors of the YMCA of Honolulu – Nu‘uanu and previously served as board president of Honolulu Habitat for Humanity. A Punahou School graduate, he holds an Executive Masters of Business Administration and a Bachelor of Business Administration from the University of Hawai‘i at Mānoa – Shidler College of Business.

About American Savings Bank

American Savings Bank (ASB) has been serving Hawai‘i’s businesses and communities since 1925 and currently provides a full range of financial products and services, including business and consumer banking, home loans, insurance and investments. ASB is one of Hawai‘i’s leading financial institutions, with e-banking services and branch locations throughout the state offering evening, weekend and holiday hours. ASB provides Hawai‘i’s consumers and businesses with more extended weekday and weekend hours than other similarly sized local banks, as well as convenient in-store branches. ASB was the first Hawai‘i bank to introduce remote-deposit capture with a mobile banking application.

ASB matches its exceptional customer experience with an employee experience that has garnered local and national awards. ASB has been recognized locally as one of the “Best Places to Work” by Hawaii Business Magazine for eight consecutive years and honored nationally as one of the “Best Banks to Work For” by American Banker Magazine. Fortune Magazine has recognized ASB as one of the 100 Best Workplaces for Women and 50 Best Workplaces for Diversity. For more than 90 years, ASB has been helping build strong communities. Through its Seeds of Service program, ASB teammates have contributed more than 36,000 hours of volunteer service, and ASB has donated millions of dollars to Hawai‘i’s nonprofits and community organizations. For more information, visit www.asbhawaii.com or follow American Savings Bank on Facebook and Instagram.