PHOTO COURTESY OF BANK OF HAWAII
BOH Logo Signage. Bishop Street, Downtown.
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Bank of Hawaii has sold its MyBankoh Rewards Credit Card portfolio, which had outstanding assets of about $51 million.
The state’s second-largest bank made the sale Nov. 1 to Barclays Bank Delaware.
Bank of Hawaii made the decision to exit the business to focus on its co-branded Hawaiian Airlines Bank of Hawaii World Elite MasterCard program.
Additionally, approximately $200,000 in termination fees was due to separate credit card companies as a result of the sale.