BANK FOR EDUCATION:
KEIKICO CONTEST
Our annual KeikiCo Contest is a business plan competition where students can showcase their best ideas to win $5,000 to $25,000 for their schools.
KeikiCo People's Choice Voting has Now Closed
Mahalo for your votes!
Check back on December 22, 2023 for our full list of 2023 KeikiCo winners!
HOW IT WORKS
Open to the first 60 schools to submit their School Registration Form. Teams can be made of 2 to 5 students (teams of 5 are recommended to best evenly distribute the work).
Competing divisions from public, private and charter schools in Hawaii:
Elementary (Grade 3-5), Middle (Grade 6-8) and High School (Grade 9-12)
Cash Prizes for your school: $5,000, $15,000 or even $25,000. Prizes include:
First Place: $25,000 to the school of the winning team NEW! Students on First Place teams also have chance to win individual prizes of $250 - $500.
Second Place: $15,000 to the school of the winning team
- People's Choice: $5,000 to the entry with the highest votes (one per division)
IMPORTANT DATES
Monday, Aug. 28: Contest officially begins!
Monday, Nov. 6 at 5:00 p.m. HST: Deadline for teams to submit Business Plans, Video Pitch link and all completed waivers.
Tuesday, Nov. 28: Notification to winning schools
Wednesday, Nov. 29 - Tuesday, Dec. 5: People’s Choice Voting
Thursday, Dec. 7 - Thursday, Dec. 21: Awards ceremonies at schools.
KEIKICO RESOURCES
Common Questions
CONTEST
Due to popular demand from participating schools, KeikiCo will now be held annually in the fall. Registration opens in August and the contest begins mid-August.
You may email keikico@asbhawaii.com with any questions.
This is to ensure all the schools receive the same information at the same time. The KeikiCo Contest Committee will send periodic communication, announcements and weekly tips to team advisors/teachers throughout the contest period via email through keikico@asbhawaii.com.
Yes. If you want other teachers or advisors handling a team to be included in the distribution, email the individual’s name, school and email address to keikico@asbhawaii.com.
There is no limit, but we recommend that teams be comprised of a minimum of 2 to a maximum of 5 participants to ensure collaboration and to spread the work.
Business Plans and accompany Video Pitches and waivers are due on Monday, November 6th by 5:00 p.m. HST.
Plans and links to the video pitches should be emailed to: keikico@asbhawaii.com. Please note that email attachments should not exceed 10mb in total. Feel free to send multiple emails so as not to exceed the limit.
Our team will acknowledge receipt of your plan, waivers and link. If you do not receive an email confirmation from us within 2 business days after the due date, it is possible that we did not receive your email. Please reach out if 2 business days have gone by and you have not received your confirmation email.
IMPORTANT: Please note that we no longer accept uploads of Video Pitches. Videos should be hosted on a site such as YouTube or Vimeo, and the link shared on the Business Plan cover sheet and via email.
If you choose to password-protect your video, please be sure to include the password on your Business Plan with the link.
All waivers must be submitted with the Business Plan and Video Pitch by Monday, November 6th 5:00 p.m. HST. Plans, video links and waivers should be emailed to: keikico@asbhawaii.com. Attachments should not exceed 10MB. Please ensure all information is legible.
Yes. If a team has recruited other students to be in photographs or on camera part of their Video Pitch (i.e. actors, extras, etc.), KeikiCo also requires those individuals to provide a completed Student Participation Waiver. All student members of a team must also submit completed Student Participation Waivers in order to have their Business Plan submission be considered complete.
All waivers are posted on this page.
OTHER QUESTION CATEGORIES
BUSINESS PLAN
It should be a maximum of 5 pages, single-sided, double spaced and font size 10. This excludes the cover page and waivers.
We also have a "How To Video" that was made to serve as an example and can be viewed above. There is also a suggested Business Plan Outline in the contest packet.
The business plan consists of 70% of the total score. The breakdown is:
20% - Idea for product/service
10% - The Business (mission, vision, etc.)
10% - Marketing Plan
10% - Finance
10% - Innovation
10% - Market Research
OTHER QUESTION CATEGORIES
VIDEO PITCH
It should be a maximum of 3 minutes. Most average 2-3 minutes.
Sample video pitches can be found on this page.
Please note that we are no longer asking for Video Pitches to be uploaded. Instead, they should be hosted on a separate site, such as YouTube or Vimeo and the link sent to us in your Business Plan. If you choose to password-protect the video, please provide that with your link.
No, not all members need to be seen in the video.
Yes, other classmates may appear in the video, provided that a signed Student Participation Waiver is submitted for each one. All waivers are posted on this page.
Yes, in addition to signed Student Participation Waivers for each student that appears in the video, the following clearances include, but are not limited to:
Location releases
Releases from any person whose name, voice, likeness or persona is referenced, shown, or otherwise used in the submitted video
If any individuals depicted are under the age of majority, participants must obtain the signature of the individual’s parent or guardian
- Names, contact information, or other personally identifiable information should not be included in the video pitch (for example, on a “credit roll”)
Since we will be posting the Top Videos for the public to vote on, the videos cannot use any copyrighted materials, such as songs, lyrics, melodies, etc. All materials must be an original piece or a piece that you have obtained the rights to use. There are websites where you may download royalty free music or may pay a royalty to use stock music such as audioblocks.com, freestockmusic.com, stockmusic.com, audiojungle.net, or freeplaymusic.com.
The Video Pitch comprises 30% of the total score. We will be looking for clarity and completeness, as well as creativity and persuasiveness.
This award will be given to the team in each division that receives the highest number of public votes, but was not selected to receive First Prize or Second Prize.
Top schools will be notified through email or through their branch contact. We will also let you/your branch contact know when the video will be posted for public voting.
Starting in 2021, voting will take place on this page. The voting period typically begins at the end of November and closes at the beginning of December.
More information on voting will be sent to participating schools in November.
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American Savings Bank Reports Third Quarter 2023 Financial Results
By
ASB November 08, 2023 | 8 MINS read News Releases$8.6 Million of Maui Wildfire-Related Expenses, Including $5.9 Million of Additional Provision. Solid Credit Quality and Capital Position. Liquidity Remains Strong.
American Savings Bank (ASB), a wholly owned subsidiary of Hawaiian Electric Industries, Inc. (NYSE - HE), today reported third quarter 2023 net income of $11.4 million, compared to $20.2 million in the second quarter of 2023 and $20.8 million in the third quarter of 2022. Core net income1 for the third quarter of 2023 was $17.6 million.
“American Savings Bank continues to be well-positioned to support our community with a strong capital position, excellent credit quality, lending capacity and ample liquidity,” said Ann Teranishi, president and chief executive officer of ASB. “Despite the economic impacts of the wildfires, our customers and business have proved resilient. I’m very proud of our ASB teammates for delivering exceptional service through this difficult period. Our hearts are with the people of Maui, and we remain committed to supporting the recovery and rebuild effort.”
Financial Highlights
Third quarter 2023 net interest income was $62.6 million compared to $63.2 million in the second, or linked quarter of 2023 and $65.7 million in the third quarter of 2022. The lower net interest income compared to the linked and prior year quarters was primarily due to higher interest expense from rising deposit costs resulting from growth in higher yielding certificates of deposit. The lower net interest income compared to the prior year quarter also included higher interest expense from increased wholesale borrowings, and lower interest and dividends on investment securities. Net interest margin for the third quarter of 2023 was 2.70%, compared to 2.75% in the linked quarter, and 2.96% in the third quarter of last year.
The third quarter 2023 provision for credit losses was $8.8 million, compared to $0.04 million in the linked quarter and a $0.2 million negative provision for credit losses in the third quarter of 2022. The higher provision for credit losses for the quarter was primarily due to $5.9 million in additional credit reserves related to borrowers impacted by the Maui wildfires and the resulting economic disruption. As of September 30, 2023, ASB’s allowance for credit losses to outstanding loans was 1.23% compared to 1.13% as of June 30, 2023 and 1.24% as of September 30, 2022.
The net charge-off ratio for the third quarter of 2023 was 0.07%, compared to 0.14% in the linked quarter and 0.03% in the third quarter of 2022. Nonaccrual loans as a percentage of total loans receivable held for investment were 0.16%, compared to 0.22% in the linked quarter and 0.35% in the prior year quarter.
Noninterest income was $15.3 million in the third quarter of 2023 compared to $15.6 million in the linked quarter and $13.0 million in the third quarter of 2022. The decrease compared to the linked quarter was primarily due to a gain on sale of real estate recognized in the linked quarter and lower fee income, partially offset by higher bank-owned life insurance income. The increase compared to the prior year quarter was primarily due to higher bankowned life insurance income.
Noninterest expense was $56.3 million compared to $53.8 million in the linked quarter and $51.6 million in the third quarter of 2022. The increase compared to the linked and prior year quarters was primarily due to wildfire-related expenses incurred during the quarter, including $1.3 million in professional services costs and $1.0 million in other extraordinary expenses.
Total loans were $6.2 billion as of September 30, 2023, up 3.6% from December 31, 2022, primarily reflecting growth in the commercial real estate and residential mortgage portfolios.
Total deposits were $8.2 billion as of September 30, 2023, an increase of 0.7% from December 31, 2022. Core deposits declined 5.1%, while certificates of deposits increased 71.8%. As of September 30, 2023, 87% of deposits were F.D.I.C. insured or fully collateralized, up slightly from 86% as of June 30, 2023, with approximately 77% of deposits F.D.I.C. insured. For the third quarter of 2023, the average cost of funds was 1.02%, up 19 basis points versus the linked quarter and up 89 basis points versus the prior year quarter. Wholesale funding totaled $750 million as of September 30, 2023, unchanged from June 30, 2023.
For the third quarter of 2023, return on average equity was 9.2%, compared to 16.2% in the linked quarter and 15.1% in the third quarter of 2022. Return on average assets was 0.47% for the third quarter of 2023, compared to 0.84% in the linked quarter and 0.89% in the prior year quarter. Excluding Maui wildfire related costs, core returns on average equity and average assets2 were 14.3% and 0.73%, respectively.
In the third quarter of 2023, ASB paid dividends of $14.0 million to HEI. ASB had a Tier 1 leverage ratio of 7.7% as of September 30, 2023.
HEI EARNINGS RELEASE, HEI WEBCAST AND CONFERENCE CALL TO DISCUSS EARNINGS AND 2023 GUIDANCE
Concurrent with ASB’s regulatory filing 30 days after the end of the quarter, ASB announced its third quarter 2023 financial results today. Please note that these reported results relate only to ASB and are not necessarily indicative of HEI’s consolidated financial results for the third quarter 2023.
HEI plans to announce its third quarter 2023 consolidated financial results on Thursday, November 9, 2023 and will also conduct a webcast and conference call at 11:30 a.m. Hawaii time (4:30 p.m. Eastern time) that same day to discuss its consolidated earnings, including ASB’s earnings, and 2023 guidance.
To listen to the conference call, dial 1-888-660-6377 (U.S.) or 1-929-203-0797 (international) and enter passcode 2393042. Parties may also access presentation materials (which include reconciliation of non-GAAP measures) and/or listen to the conference call by visiting the conference call link on HEI’s website at www.hei.com under “Investor Relations,” subheading “News and Events — Events and Presentations.”
A replay will be available online and via phone. The online replay will be available on HEI’s website about two hours after the event. An audio replay will also be available about two hours after the event through November 23, 2023. To access the audio replay, dial 1-800-770-2030 (U.S.) or 1-647-362-9199 (international) and enter passcode 2393042.
HEI and Hawaiian Electric Company, Inc. (Hawaiian Electric) intend to continue to use HEI’s website, www.hei.com, as a means of disclosing additional information; such disclosures will be included in the Investor Relations section of the website. Accordingly, investors should routinely monitor the Investor Relations section of HEI’s website, in addition to following HEI’s, Hawaiian Electric’s and ASB’s press releases, HEI’s and Hawaiian Electric’s Securities and Exchange Commission (SEC) filings and HEI’s public conference calls and webcasts. Investors may sign up to receive e-mail alerts via the Investor Relations section of the website. The information on HEI’s website is not incorporated by reference into this document or into HEI’s and Hawaiian Electric’s SEC filings unless, and except to the extent, specifically incorporated by reference.
Investors may also wish to refer to the Public Utilities Commission of the State of Hawaii (PUC) website at https://hpuc.my.site.com/cdms/s/ to review documents filed with, and issued by, the PUC. No information on the PUC website is incorporated by reference into this document or into HEI’s and Hawaiian Electric’s SEC filings.
The HEI family of companies provides the energy and financial services that empower much of the economic and community activity of Hawaii. HEI’s electric utility, Hawaiian Electric, supplies power to approximately 95% of Hawaii’s population and is undertaking an ambitious effort to decarbonize its operations and the broader state economy. Its banking subsidiary, ASB, is one of Hawaii’s largest financial institutions, providing a wide array of banking and other financial services and working to advance economic growth, affordability and financial fitness. HEI also helps advance Hawaii’s sustainability goals through investments by its non-regulated subsidiary, Pacific Current. For more information, visit www.hei.com.
NON-GAAP MEASURES
Core net income is a non-GAAP measure which excludes Maui wildfire-related after-tax costs. See “Explanation of ASB’s Use of Certain Unaudited Non-GAAP Measures” and related GAAP reconciliations at the end of this release.
FORWARD-LOOKING STATEMENTS
This release may contain “forward-looking statements,” which include statements that are predictive in nature, depend upon or refer to future events or conditions, and usually include words such as “will,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “predicts,” “estimates” or similar expressions. In addition, any statements concerning future financial performance, ongoing business strategies or prospects or possible future actions are also forward-looking statements. Forward-looking statements are based on current expectations and projections about future events and are subject to risks, uncertainties and the accuracy of assumptions concerning HEI and its subsidiaries, the performance of the industries in which they do business and economic, political and market factors, among other things. These forward-looking statements are not guarantees of future performance.
Forward-looking statements in this release should be read in conjunction with the “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” discussions (which are incorporated by reference herein) set forth in HEI’s Annual Report on Form 10-K for the year ended December 31, 2022 and HEI’s other periodic reports that discuss important factors that could cause HEI’s results to differ materially from those anticipated in such statements. These forward-looking statements speak only as of the date of the report, presentation or filing in which they are made. Except to the extent required by the federal securities laws, HEI, Hawaiian Electric, ASB and their subsidiaries undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
- Core net income is a non-GAAP measure which excludes Maui wildfire-related after-tax costs. See the “Explanation of ASB’s Use of Certain Unaudited Non-GAAP Measures” and the related GAAP reconciliation.
- Core returns on average equity and average assets are non-GAAP measures which exclude Maui wildfire-related after-tax costs. See the “Explanation of ASB’s Use of Certain Unaudited Non-GAAP Measures” and the related GAAP reconciliation.
MEDIA CONTACT
Shara Aiu, American Savings Bank
syaiu@asbhawaii.com
Irene Casinas
Vice President
Business Banker
American Savings Bank
NMLS #2543163
Direct: (808) 539-7965
icasinas@asbhawaii.com
Branch served: Kahului, Kehalani Foodland and Kihei
Irene joins the Business Banking team with nearly 5 years of experience in the financial service industry. She is committed to offering an exceptional customer experience and making business dreams possible for her clients. Irene has extensive experience in building long-lasting relationships, which allows her to find the personalized solutions for her business customers.
Her interests include cooking, traveling and spending quality time with family and friends.
Irene holds an associate degree from the University of Hawaii Maui College. She is proficient in Spanish and Ilocano.
ASB's Annual Statewide Volunteer Day on Five Islands Makes a Significant Impact on National Make a Difference Day
By
ASB October 28, 2023 | 2 MIN read CommunityAmerican Savings Bank (ASB) brought together hundreds of teammates, friends and family members across five islands on Saturday, Oct. 28, in honor of National Make a Difference Day. The annual statewide Seeds of Service volunteer event reflects ASB’s commitment to bring real impact to the community.
“For nearly a century, ASB has been dedicated to improving the lives of Hawaii’s residents, businesses and communities,” said Ann Teranishi, president and CEO at ASB. “Our annual statewide Seeds of Service volunteer day is a testament to our commitment to building a stronger Hawaii. I’m proud of our 1,100 teammates for continuing to create a lasting impact.”
On this special day, ASB executives led the efforts of hundreds of volunteers across the five islands served by ASB, all united to enhance their local communities. The event included a variety of activities and projects, including:
- Oahu: Over 100 volunteers, including community partners Trust for Public Land, Honolulu Prosecuting Attorney Steve Alm and more, gathered at Aala Park and the surrounding Chinatown-Kalihi neighborhood, an area ASB is committed to revitalizing, for cleanup, beautification, painting, trash collection and graffiti removal.
- Maui: Volunteers assembled at Maui Gateway Distribution to organize critical wildfire relief resources, including food and essential supplies, for the community to rebuild and recover.
- Hawaii Island: Volunteers dedicated their efforts to Kealakehe High School and Ernest Bowen deSilva Elementary School, an ASB Bank for Education Ohana School, where they worked to beautify the schools.
- Molokai: On Molokai, volunteers gathered at Kualapuu School and focused on enhancing the school’s surroundings through painting, cleanup and more.
- Kauai: Kauai Foodbank received tremendous support from ASB volunteers, who devoted their time to food and supply distribution.
Since 2015, ASB teammates have committed 112,000 hours of volunteer service to Hawaii, reflecting a deep commitment to supporting Hawaii’s residents, businesses and communities. For more information on ASB’s key community programs, please visit: www.asbhawaii.com/about-us/our-community.
Media Contact
Karwin Sui
Communications Manager
(808) 539-7268
ksui@asbhawaii.com
What is a Home Equity Line of Credit (HELOC), and is it Right for Me?
By
ASB October 30, 2023 | 3 MIN read PersonalA HELOC is a line of credit that allows homeowners to borrow against the equity in their home. A HELOC is like a credit card, giving you the flexibility to make purchases up to your limit and only paying on the balance and interest on the amount you draw.
So, what makes a HELOC different from other lines of credit? Typically, home equity lines have lower interest rates compared to other credit products since it is secured, using your home as collateral. Despite the uncertain interest rate environment, there may be promotional interest rates to encourage you to apply (see ASB’s promotional HELOC rates). If a HELOC suits your needs, here are some things that improve your likelihood of approval.
Equity in your home
Since you’re using your home as collateral, the amount of equity helps to determine how much you can borrow. Your equity is calculated by subtracting your mortgage balance(s) from the market value of your home.
Let’s say your home has a market value of $500,000 and your mortgage balance is $300,000, your equity is valued at $200,000, or 40%. Lenders generally require a minimum of 15-20% equity in the property.
Good Debt-to-Income (DTI) Ratio
Your DTI ratio is determined by your monthly income and monthly debt payments. Lenders use DTI to measure how much of your monthly income is going toward mortgage payments, credit cards, car loans, student loans, and other payments. Generally, a good DTI is below 43%. Estimate your DTI by using a DTI calculator online or old-school with pen and paper.
DTI = (Total monthly debit payments / monthly income) x 100
Credit Score
Your credit score is a key determinant of your rate, payment structure, and approval. A credit score is a number that reflects your ability to manage debt, which lenders use to determine how likely you are to repay. According to an Experian article most lenders are looking for a credit score of 720 or more when approving HELOCs.
Documents
Documents, the bane of our existence. A complete set of documents helps to expedite your application across the finish line. To begin the approval process, please have the following documents as part of your application (your lender may ask for additional information):
- Completed and signed HELOC application
- Income documents, as applicable
- Paystubs covering the most recent month
- Last two years’ personal tax returns and W-2s
- Social Security Award Letter or most recent 1099s
- Pension, annuity, or retirement account statements
- Insurance policies for fire, hurricane and flood, if applicable
- Current mortgage statement for your home
- If a trust has title to your real property, a copy of your trust documents (including all amendments and restatements)
- Name of condo project and monthly maintenance fee, if applicable
- Solar energy agreements, if applicable
- Copy of the Final Closing Disclosure – if any of the following apply:
- You sold a property in the last year
- You purchased a property within the last three months
- Refinanced a mortgage within the last three months
Once you have your required documents, you are ready to apply for your HELOC! A Home Equity Line of Credit is a powerful tool that gives you the flexibility to put your kids through school, start your dream renovation, or cover unexpected expenses life throws your way. Make an appointment with a ASB banker today to make your dreams a reality!
THANK YOU FOR REGISTERING FOR OUR VIRTUAL
BUSINESS FRAUD & CYBERSECURITY SEMINAR
We are excited to have you join our virtual presentation on Wednesday, November 15, 2023 from 10:00 a.m. to 11:00 a.m. HST. This seminar will share common methods of cyber attacks, scams, frauds and how to safeguard you and your business against them.
HOW TO JOIN THE BUSINESS FRAUD AND CYBERSECURITY SEMINAR
On November 15, 2023 at 10:00 a.m. HST, please click on the button below to open WebEx and join the virtual seminar. You can also click the drop-down below for other ways to join.
JOIN SEMINAR
Join from the meeting link
https://asbhawaii.webex.com/asbhawaii/j.php?MTID=m4dc045d4e550f0f1847f0328ceb237ce
Join by meeting number
Meeting number (access code): 2553 031 8882
Meeting password: PkJuHPMR576
Tap to join from a mobile device (attendees only)
+1-415-655-0001,,25530318882## US Toll
Join by phone
+1-415-655-0001 US Toll
Global call-in numbers
Join from a video system or application
Dial 25530318882@asbhawaii.webex.com
You can also dial 173.243.2.68 and enter your meeting number.
Want to be reminded when it's time to join? Click here to add the Business Fraud and Cybersecurity to your calendar.
MEET YOUR PRESENTERS
Barbara Isobe
Director of Fraud Prevention
Barbara is a Fraud Prevention Professional with over 25 years of experience in the field and uses her experiences to help equip customers and businesses with knowledge and prevention tools.
Levi Carias
Director of Information Security
Levi’s 23 years of experience in engineering, implementation and support in IT infrastructure keeps him on top of the fight for cybersecurity. Levi creates and administers IT security risk programs and performs staff trainings at ASB so the bank can stay at the forefront in the fight to keep your business and its assets safe.
SHARPEN YOUR PENCILS AND GET A HEADSTART
ATTEND our VA HOME LOAN SEMINAR
Join our VA mortgage loan experts in a monthly seminar to learn how to best utilize your VA housing benefits. Our team of friendly, knowledgeable and experienced mortgage loan officers are here to help you achieve your homeownership dreams.
Reserve your spot for the upcoming January 15, 2025 seminar.
Upcoming Seminar
Seminar | When | Where | Presenter | Register |
VA Home Loans Seminar | Wednesday, January 15, 2025 5:00 pm - 7:00 pm HST Agenda 5:00 pm - 5:30 pm: Refreshments 5:30 pm - 6:30 pm: Presentation 6:30 pm - 7:00 pm: |  Stefan Kant |
Seminar | VA Home Loans Seminar | ||
When | Wed., Jan. 15, 2025 Agenda 5:00 pm - 5:30 pm: Refreshments 5:30 pm - 6:30 pm: Presentation 6:30 pm - 7:00 pm: QA/Evening Concludes | ||
Where | |||
Presenter |
Mortgage Loan Officer, VA Home Loan Expert | REGISTER | |
Maui Relief & Assistance Program
Our hearts go out to our Maui community and everyone who has been impacted by the recent wildfires. American Savings Bank (ASB) is committed to assisting and supporting our customers and community during this challenging time. To ensure we continue to serve our customers and community in the best way possible, we will provide updates on relief efforts and resources through this website and social media.
Financial Assistance and Resources
We are offering solutions to help customers who are facing financial hardships.
FAQs
Find frequently asked questions for consumers, businesses, safe deposit boxes and more.
Ways to Donate
Donate in-branch or online to to help with relief efforts for our Maui community.
Meet with a Banker
Unsure where to start? Schedule an appointment with one of our expert bankers to help you navigate through this challenging time. Our bankers are available by phone, in person or video call.
Financial Assistance and Resources
We're committed to assisting, supporting and providing solutions for our customers during times of financial hardship.
Local businesses are the backbone of our community and we will be by your side to see you through this challenging time.
Visit the Maui Nui Strong website to get information and access resources to help you get through this challenging time.
Frequently Asked Questions
ASB plans to open a temporary branch at Lahaina Cannery until it can construct a new branch.
Please log-in to online banking and send us a secure message or contact us at (808) 627-6900 or toll-free at (800) 272-2566 for further assistance.
Please complete the Hardship Form at asbhawaii.com/hardship so that we can follow-up with you to discuss your options.
Homeowners and Renters
Immediate housing and disaster recovery assistance from Department of Housing and Urban Development (HUD)-certified counselors is available to homeowners and renters. To find a HUD-approved housing counseling agency, please visit hud.gov/findacounselor or use the phone search by calling (800) 569-4287 or (202) 708-1455 (TTY).
Impacted customers should contact their insurance agency to start a claim.
- Deferment: Automatic payments are suspended during the deferment period and will automatically resume after the deferment period
- Forbearance: Automatic payments are canceled and a customer will need to complete/sign a new automatic payment form in order to re-establish auto pay after the forbearance period.
Please contact Elan Cardmember support at 1-800-558-3424 re: Natural Disaster Cardmember Assistance.
We retrieved and relocated the safe deposit boxes to a secure location. For your convenience, we’ve extended the time to pick up your safe deposit box contents at our Kihei Branch to Dec. 31, 2024.
Arrangements can be made to have your contents sent to any of our branch locations statewide. Please contact us at (808) 627-6900 or toll-free at (800) 272-2566 to either schedule an appointment to pick up your contents at the Kihei Branch or to make other arrangements.
No, FDIC insurance does not insure the contents of a safe deposit box and only covers deposit accounts at FDIC-insured banks.
Customers with a renters, homeowners or condo policy should immediately contact their insurance provider.
How to Bank with ASB
Our bankers at our branches are ready to assist you. Filter by "Maui/Molokai" to find a branch near you.
Conveniently deposit and withdraw with select ATMs and receive digital receipts with our safe and secure ATMs.
Bank anytime, anywhere online or on the ASB Hawaii Mobile App. Check your account balance, deposit a check and more.
Donate at an ASB Branch
ASB is partnering with the Hawaii Bankers Association to bring critical relief to the Maui Community through the Aloha for Maui program. Monetary donations will be given to Hawaii Community Foundation's Maui Strong Fund. To donate online, click the Maui Strong Fund link below.
Cash and check donations are being accepted at all ASB branches statewide. Checks should be made out to “Hawaii Community Foundation” with “Maui Strong” written in the memo section.
Cash and check donations are being accepted at all ASB branches statewide. Checks should be made out to “Hawaii Community Foundation” with “Maui Strong” written in the memo section.
Donate Online
Avoid Donation Scams and Fraudsters
In times of need, it’s heartwarming to see people stepping up to bring real impact to the community through monetary and other donations. Unfortunately, fraudsters prey on individuals when emotions are high. To avoid falling victim to scammers taking advantage of Maui wildfire relief efforts, please pay careful attention to the following tips:
- If you receive a call or text from a person or organization, resist the urge to donate until you can verify the sender and cause.
- Scammers leverage urgency from the crisis to pressure you into making a donation you may soon regret.
Research the organization or fund. Are they legitimate, reputable and known?
- Do a Google search on the name of the organization or fund.
- Charities that solicit donations must be registered on https://charity.ehawaii.gov/charity/search.html#tab1
- Scammers sometimes use names that sound like they directly benefit the victims or sound similar to legitimate organizations to get you to donate.
Charitable organizations usually have tools built into their websites and will ask you to specify how you want your donation to be used or will include donation pages for specific uses.
Scammers may use other crowdfunding or payment tools such as GoFundMe, CashApp, or Paypal/Venmo to accept donations.
Mahalo nui loa for your support to help Maui communities recover and rebuild.
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American Savings Bank Reaffirms Strong Capital Position, Excellent Credit Quality and Ample Liquidity in Aftermath of Maui Wildfires
American Savings Bank (ASB), is well positioned and stands ready to support the community as families heal and rebuild...
Thank you for registering for our Market Commentary & the Current State of the Economy Seminar
We are excited to have you join our presentation on Wednesday, September 20, 2023 from 6:00 p.m. to 8:00 p.m. HST. This engaging and in-person event will be at the American Savings Bank Campus located at 300 N. Beretania Street.
SAVE THE DATE FOR OUR MARKET COMMENTARY & THE CURRENT STATE OF THE ECONOMY SEMINAR
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Wednesday, September 20, 2023 |
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American Savings Bank - Campus Location |
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MEET YOUR PRESENTERS
Michael B. Kushma
Chief Investment Officer of Global Fixed Income from Morgan Stanley
Michael began his career in the investment industry at Morgan Stanley in 1987 and has 34 years of investment experience. Prior to joining the firm, Michael was a senior lecturer of economics at Columbia University. Michael received an A.B. in economics from Princeton University, an M.Sc. in economics from the London School of Economics, and an M.Phil. in economics from Columbia University.
Lynne Kinney
Principal of CKW Financial Group and CIO of CKW Global Balanced Model
Lynne is a co-strategist of CKW Financial Group's Opportunistic Global Balanced portfolio, a Morningstar ranked world allocation strategy. Lynne specializes in retirement planning, client strategies, dynamic asset allocation, and investment implementation to provide overtime, risk-adjusted returns that will help clients achieve their goals. With over 25 years in the financial industry, Lynne was a Fidelity featured RIA and nominated as Wealth Management’s Top 25 Women-owned RIAs.
Carl Choy
Principal of CKW Financial Group
Carl is a co-strategist of the CKW Global Balanced Model with Ms. Kinney. Carl focuses on estate planning, client strategies, dynamic asset allocation, and investment implementation to protect clients’ capital during volatile markets while preparing to capture incremental returns over time. With over 35 years of experience, Carl was featured as Hawaii’s #1 Advisor by Hawaii Business Magazine.
SHARPEN YOUR PENCILS AND GET A HEADSTART
Presenters’ views and opinions are their own. Attendees may wish to seek additional information that’s tailored to their situations respectively.
Not FDIC Insured
Not Bank Guaranteed
May Lose Value
Not Insured by any Federal Government Agency
Not a Bank Deposit
Hawaii Bankers Association Member Banks Accepting Monetary Donations to Support Maui Relief Efforts
By
ASB August 10, 2023 | 1 MIN read News ReleasesThe Hawaii Bankers Association (HBA) announced today it launched Aloha for Maui, a program accepting donations at any of its member branches statewide to provide assistance to the people, businesses and organizations impacted by the Maui wildfires. Monies collected will be donated to the Hawaii Community Foundation Maui Strong Fund, which is providing the resources necessary to aid with disaster response and recovery. To kickoff the effort, HBA is donating $25,000 to the fund.
“The members of the Hawaii Bankers Association are deeply saddened by the devastation on Maui caused by the wildfires. Our employees, customers and families call these communities home, and we are committed to helping them recover and rebuild,” said Hawaii Bankers Association President Bryan Luke. “By bringing our network of branches together, we hope to make it easy for those wanting to help our neighbors on Maui by providing a secure option to donate.”
- American Savings Bank
- Bank of Hawai‘i
- Central Pacific Bank
- Finance Factors
- First Hawaiian Bank
- Hawaii National Bank
- HomeStreet Bank
- Territorial Savings Bank
Cash and check donations are being accepted at any of the HBA member branches. Checks should be made out to “Hawai‘i Community Foundation” with “Maui Strong” written in the note section. Online donations can also be made at www.hawaiicommunityfoundation.org.
“HBA encourages Maui residents to follow all official safety guidance on avoiding fire-affected areas, as well as calling their bank branch before visiting, as hours and operations may have changed,” added HBA Executive Director Neal Okabayashi. “Our thoughts are with the Maui community during this time of devastating loss, and we stand ready to support in the rebuilding efforts.”
MEDIA CONTACT
Shara Aiu, American Savings Bank
syaui@asbhawaii.com