Amongst all the bad news about major financial institution’s failures recently, it’s nice to know that our very own Bank of Hawaii is considered one of the top 5 safest banks in the United States, according to Chris Whalen, a veteran bank analyst at Institutional Risk Analytics, an independent firm.
This highlights a recurring theme – things in Hawaii are different. Our economy is a totally unique system that is somewhat insulated from certain problems on the mainland. One huge difference is our foreclosure rate: About 1 Hawaii home in 3500 is in foreclosure vs. 1 in 500 nationally.
September 19th, 2008 at 10:06 pm
Bankoh is one of Hawaii’s great resources. I am thankful that they remained conservative, while every other bank was going crazy in the sub-prime market.
Aloha,
Keahi