First Hawaiian Bank may go public with stock offering - Hawaii News Now - KGMB and KHNL

First Hawaiian Bank may go public with stock offering

HONOLULU (AP) - The parent company of Hawaii's largest bank is considering taking First Hawaiian Bank public.

First Hawaiian Bank said in a statement Wednesday 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.

BNP Paribas is a multinational bank based in Paris.

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