Business

American Savings Bank Promotes Dane Teruya to Executive Vice President, Chief Financial Officer

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Dane Teruya

American Savings Bank (ASB) announces they have promoted Dane Teruya to Executive Vice President, Chief Financial Officer. In his new role on the bank’s executive team, Teruya will support strategic initiatives and business growth while leading the Treasury, Financial Planning and Accounting teams.

“Over the past two years, Dane has brought incredible value to our finance team, managing the consistent growth of ASB’s investment portfolio while improving our overall profitability and interest rate risk,” said Rich Wacker, President & CEO of American Savings Bank. “We are proud to welcome Dane to our executive team, and are excited to witness his continued contributions to our bank’s high performance.”

Teruya joined ASB as Treasurer in 2016 with nearly 20 years of banking experience. He previously served as Vice President and Treasury Manager at Central Pacific Bank, where he served in key roles managing the company’s investment portfolio.

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“ASB has provided me with many career opportunities to date, and I am especially humbled by this opportunity to serve on its leadership team,” said Teruya. “I am proud to work alongside such hardworking and amazing teammates at ASB, and I look forward to furthering our vision of being a bank that makes people’s dreams possible.”

Teruya is a former member of the board of directors of the YMCA of Honolulu – Nu‘uanu and previously served as board president of Honolulu Habitat for Humanity. A Punahou School graduate, he holds an Executive Masters of Business Administration and a Bachelor of Business Administration from the University of Hawai‘i at Mānoa – Shidler College of Business.

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