Business booming for local bank - Hawaii News Now - KGMB and KHNL

Business booming for local bank

(KHNL) - The recent global economic slump has forced a number of large banks to permanently close their doors.

But a local bank says its business is booming.

In fact, First Hawaiian Bank's third quarter net income is six percent higher that it was last year.

The bank earned $55.4 million.

That money helped First Hawaiian pull in a record net income of $166.6 million in the first nine months of this year.

The bank's president and chief executive officer says it's now on pace to exceed all of last year's earnings.

He says that's due in large part to the bank's consistent credit policies.

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