Business

First Hawaiian Initiates Public Trading on Nasdaq

August 4, 2016, 11:57 AM HST
* Updated August 4, 12:00 PM
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First Hawaiian Bank rings The Nasdaq Stock Market Closing Bell in celebration of its IPO. Courtesy photo.

First Hawaiian Bank rings The Nasdaq Stock Market Closing Bell in celebration of its IPO. Courtesy photo.

First Hawaiian Inc., the parent company of First Hawaiian Bank, visited the Nasdaq MarketSite in Times Square today to celebrate its initial public offering (IPO) on The Nasdaq Stock Market.

This marks the first IPO from the Aloha State since 2012.

There are 13 FHB locations on Hawai‘i Island.

Founded in 1858 as Bishop & Co., FHB is the state’s oldest and largest bank.

Consistently ranked in the top tier of all US banks, FHB is a full-service bank providing personal, private and business banking services including equipment leasing, automobile financing, mortgage and commercial lending, merchant services, trust, insurance, wealth management and retirement planning.

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“With today’s event, we return to our roots as a public company traded on Nasdaq, where First Hawaiian’s predecessor holding company was previously listed from 1974 until 1998,” said FHB Chairman and CEO Robert Harrison. “Our senior management team knows that we stand on the shoulders of our employees past and present. Our mahalos go out to our 2,100 employees, as well as to our customers in Hawai‘i, Guam and Saipan, who trust us with their business every day.”

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“Since their founding over 150 years ago, the people of First Hawaiian Bank have firmly dedicated themselves to the service of their clients—delivering great ideas and banking solutions,” said Nelson Griggs, executive vice president, Listing Services, Nasdaq. “As a company that also values ambition, Nasdaq is proud that First Hawaiian Bank has chosen to join our family of the world’s most admired companies. We look forward to their continued growth and success following today’s initial public offering.”

To learn more about Nasdaq, go online.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy.

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