Bank of Hawaii planning to pull out of American Samoa
Bank of Hawaii, which in the early 2000s sold or closed most of its international and mainland branches to focus on Hawaii, is retrenching again.
The state’s second-largest bank said today it is closing its two branches in American Samoa, laying off 30 employees. The bank plans to close the Tafuna and Utulei branches in the first quarter.
Bank of Hawaii has been in the U.S. territory since 1969.
“After serving the American Samoa market for more than 40 years, this was a decision that was not made lightly,” said Hobbs Lowson, vice president and district manager for American Samoa