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Kapolei Commons Oct 11 2011

Kapolei Commons is the new shopping center in the city of Kapolei Hawaii. It currently contains Target, Sports Authority, Down to Earth, Office ...

Bankoh, First Hawaiian assisting homeowners hit by storm

Bank of Hawaii and First Hawaiian Bank are offering financial assistance programs to help those affected by the recent heavy rain and flooding in East Honolulu and on Kauai.

“These financial emergency relief programs are designed for quick approval to allow people to recover as swiftly as possible,” Peter Ho, chairman, CEO and president of Bank of Hawaii, said today.

Bankoh said its programs provide access to cash via special loan programs or getting relief on existing Bankoh loans through loan extensions or forbearances. Special program features include low interest rates on loans, loans with no payments for the first three months, fast approval and quick funding, reduced payments with loan terms up to 60 months and loan amounts up to $25,000.

Depending on the particular loan program, funds may be used to provide cash relief for emergency supplies and living essentials; repair homes and/or vehicles, replace living essentials or bridge working capital needs; and receive forbearance and/or extension on loans for existing Bankoh clients.

Territorial joins other banks in giving out bonuses and raising minimum wage

Territorial Savings Bank has joined the state’s four largest banks in giving out bonuses to employees and increasing the minimum wage.

The state’s fifth-largest bank said today that most of its employees will receive a $1,000 bonus and that it will be increasing its starting wage to $15 an hour from $11.25 an hour beginning Monday. The bonus, which was awarded today to 247 employees, is in addition to a $250 bonus that had been paid earlier this month to the same employees, following a practice that has been in place for several years. The 36 employees at the vice president level and above did not receive the $1,000 bonuses.

“We regard our employees as the most valuable resource of our bank,” Territorial Chairman and CEO Allan Kitagawa said in a statement. “They are our main contact with customers and the public and we want them to continue being our goodwill ambassadors. We wish all of our employees a happy and prosperous 2018.”