BY ROY ALBERT ANDRADE, K1LLER. Inc.
HONOLULU, HAWAII - In 1893, Peter Cushman Jones, 60, entrepreneur, persuaded Ballard Atherton, and Charles Montague Cook, his close friends, to invest in a new bank in the Republic of Hawaii. Four years later, the Bank of Hawaii became the first chartered and incorporated bank to operate in Hawaii. It officially opened its doors to the public on December 27, 1897, and operated its first office in downtown Honolulu from a two-story wooden building. In 1942, Bank of Hawaii was appointed as the official depository for the U.S Navy, Pacific Theater. In December of 2010, Forbes Magazine named Bank of Hawaii the "Best Bank in America" for the second year in a row.
Bank of Hawaii is is increasing their minimum wage level from $12 to $15 per hour effective Jan. 1, 2018, which indisputably benefits impacts and allows the company to have a minimum wage in line with Hawaii's "living wage," roughly $30,000 annually, for single individuals. “Our employees are, by far, our greatest asset. It’s our pleasure to reward our team with this holiday opportunity,” said bank Chairman, President and CEO Peter Ho. “We’ve recently been thinking about increasing our minimum wage level throughout the organization to the living wage level. The adjustments to the corporate tax rate provided further momentum to execute on the plan.”
Shawn W. Anderson