First Hawaiian Bank may go public with stock offering
First Hawaiian Bank CEO, Bob Harrison, at FHB’s downtown headquarters in June 2012.
• FHB parent company’s earnings hit by $983M writedown
The parent company of Hawaii’s largest bank is considering taking First Hawaiian Bank public.
First Hawaiian Bank said in a statement today BNP Paribas Group announced it’s considering an initial public offering for its Hawaii subsidiary.
The statement says the stock offering could take place next year after corporate restructuring.
First Hawaiian Bank has nearly $19 billion in total assets. It has 57 branches in Hawaii, three on Guam and two on Saipan.
It was founded in 1858 and is the state’s oldest and largest bank in terms of total assets and deposits.
Don't miss out on what's happening!
Stay in touch with top news, as it happens, conveniently in your email inbox. It's FREE!
BNP Paribas is a multinational bank based in Paris.
15 responses to “First Hawaiian Bank may go public with stock offering”
Leave a Reply
You must be logged in to post a comment.
Time to change banks. If it goes public, First Hawaiian Bank will give more — money and attention — to shareholders than depositors.
Not necessarily true…
Google/ Apple / Microsoft , just to name a few great companies are traded on the NYSE, and they don’t put their shareholders interests 1st…
are you serious?
Seriously uninformed.
A chair has four legs. All must support each other, equally.
that’s why I like tripods…
As usual, Wall Street will get first dibs at the opening price before it rallies. Main Street always end up buying at the top.
I’ll buy a share to show my support.
Bet you had WorldCom and Lehman Brothers, too?
There was a bank on the East coast that went public a few years ago. The Howard Savings Bank. They were all smiles like this guy. Shortly thereafter, they went bankrupt. I’m sure that won’t be the case here. Or will it?
the bank across the street, Bank Of Hawaii, is publicly traded isn’t it?
Doesn’t matter if it is FDIC insured. But only up to $250,000. per bank.
$250,000 per account.
BNP Paribas is probably in financial trouble and may need an infusion of fresh capital. They likely lost a lot of money when rail contractor Ansaldo was sold to Hitachi. BNP was Ansaldo’s largest creditor when they ran into financial problems. That’s why FHB’s Don Horner steered the multi billion dollar rail contract to a bankrupt rail car maker, they owed his BNP bosses big money.
good post. Yes, FHB is not in any way local and yes, their french owners are in deep trouble for all kinds of reasons. A slow growth/no growth EU hurts as well.