News Release
First Hawaiian Bank Once Again Earns Top Recognitions in Lending from U.S. Small Business Administration
Honolulu, March 21, 2023 - First Hawaiian Bank (FHB) announced that it was recognized by the U.S. Small Business Administration (SBA) with multiple lending awards, furthering FHB’s legacy as Hawaii’s leading financial institution.
First Hawaiian Bank was awarded SBA Lender of the Year in Category 1 (large-size lenders) for approving the most 7(a) loans and was recognized as 504 Lender of the Year in Category 1 for approving the most HEDCO 504 loans for commercial real estate during SBA’s fiscal year 2022.
In addition, Brandon Park, Assistant Vice President and Business Banking Team Leader, received the SBA Lending Officers of the Year - Honorable Mention award, which recognizes an individual for their contributions in promoting and advocating for small business.
“These awards show the strength and security of First Hawaiian Bank, and the hard work and dedication of our employees to helping small businesses in Hawaii thrive,” said FHB Chairman, President and Chief Executive Officer Bob Harrison. “In fiscal year 2022, FHB provided nearly $13 million in loans through SBA’s financing programs to meet the diverse needs of small business owners and entrepreneurs across the communities we serve.”
SBA’s Lender of the Year awards acknowledges financial institutions that have approved a significant number of SBA-backed loans in a fiscal year. First Hawaiian Bank was awarded the SBA Lender of the Year in Category 1 in 2017, 2018, 2021, and 2022, and 504 Lender of the Year in 2013, 2014, 2015, 2016, 2017, 2019, 2021, and 2022. No awards were given out in 2020.
“The SBA hosts the Lender Awards each year to recognize not only those financial institutions who approved the highest number of SBA-backed loans in a given fiscal year – but also their commitment to support our community outreach,” said Hazel Beck, Deputy District Director, Hawaii SBA District Office. “We appreciated the support of FHB’s Business Banking Team in 2022. Whether it was hosting a Resource Day, serving as a panelist at workshops or participating in Listening Sessions with the SBA Administrator, FHB was there.”