News Release
Newsweek Names First Hawaiian Bank the Best Big Bank in Hawaii
Honolulu, November 13, 2022 - First Hawaiian Bank (FHB) announced today it was selected as the Best Big Bank in Hawaii by Newsweek magazine. The news publication identified the financial institution in each state that best serves customers’ needs by combining high deposit rates, low fees, and the services and awards that suit customers’ lifestyles.
More than 4,800 FDIC or NCUA-insured financial institutions were reviewed for this ranking, and FHB was selected as the Best Big Bank in Hawaii. According to Newsweek, “We've evaluated thousands of FDIC-insured banks and credit unions, as well as the individual savings and checking accounts they offer, on more than 50 different factors in order to identify the best-in-class options in 26 different categories.”
“First Hawaiian Bank being selected as Hawaii’s best big bank is a testament of our teams’ commitment to meeting the individual needs of our customers,” said First Hawaiian Bank Chairman, President and CEO Bob Harrison. “I also would like to thank our customers for their trust in our institution as we assist with their financial goals.”
To see a complete list of Newsweek’s America’s Best Banks rankings, visit:
www.newsweek.com/rankings/americas-best-banks-2023/best-big-bank-2023
In 2022, First Hawaiian Bank was recognized by Forbes magazine as the top-ranked Hawaii bank on its 2022 Best Banks in America list. The ranking evaluates the nation’s publicly-traded banks and thrifts based on profitability, growth and credit quality. This was followed up with another recognition from Forbes with First Hawaiian Bank ranked as one of the World’s Best Banks, based on a customer survey across 27 countries.
Also, in March of this year, FHB was recognized by the U.S. Small Business Administration (SBA) with several lending awards including SBA Lender of the Year in Category 1 (large-size lenders) for approving the most 7(a) loans and 504 Lender of the Year in Category 1 for approving the most HEDCO 504 loans for commercial real estate during SBA’s fiscal year 2021. The bank also earned an In Time of Need Award for Paycheck Protection Program Support of Small Business.