Bank of Hawaii to cease operations in American Samoa later this year

Bank of Hawaii to cease operations in American Samoa later this year
The Bank of Hawaii branch in Tafuna, American Samoa. (Image: Bank of Hawaii)

HONOLULU (HawaiiNewsNow) - Bank of Hawaii officials said Tuesday that plans had been finalized to end the company’s remaining operations in American Samoa.

The bank is scheduled to close its doors in American Samoa for good on August 16, 2019. Customers who choose to remain with Bank of Hawaii instead of closing their accounts will still be able to bank online, by phone or by mail.

Business customers across American Samoa who do not move their accounts to another bank before the company’s closure date will be mailed a cashier’s check for whatever remains in their accounts.

The closure is nearly seven years in the making. Bank of Hawaii says it first announced plans to stop servicing American Samoa back in November 2012, but agreed to stay open after a ‘personal request’ from the territory’s governor to keep their doors open.

The governor wanted to make sure replacement banking services were available before Bank of Hawaii left the territory, a company spokesperson said.

Such services have since been secured ― the Territorial Bank of American Samoa opened in 2016 and has since received clearance to access systems required by the U.S. Federal Reserve.

The bank currently has six employees in American Samoa.

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