American Savings Bank Headquarters Information

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American Savings Bank is a banking institution located in Hawaii. It is the 3rd largest financial institution in the state based on the size of its assets which are valued at around $6.7 billion.

The bank has 49 branch offices which are located in various locations around the State of Hawaii. The bank is based in Honolulu.

The bank is a subsidiary of Hawaiian Electric Industries. The parent company is the largest supplier of electricity in the state, supplying the power used by up to 95% of the state’s populace.

At the end of 2017, the bank’s deposits had reached $5.9 billion.

History of American Savings Bank

American Savings Bank was established in 1925. It was started with the intention of providing banking services to the local population in Honolulu.

When the bank was established, it went by the name American Building & Loan Company. In 1942, the company’s name was changed to American Savings & Loan Association. This was the bank’s name for the next 45 years.

Between 1955 and 1958, the number of account holders with the bank increased to 21,640 following the opening of offices on Hawai’i and Oahu.

In 1968, the bank opened its new corporate offices in Financial Plaza of the Pacific which had just been completed. The building was located at 915 Fort Street, the same location where bank’s previous main office had stood for 40 years.

During the 70s, the bank expanded into the nearby islands after making several purchases, notably Kauai Savings in 1971 and Maui Savings and Loan in 1973. The bank would also acquire Pacific Savings & Loan Association of Hawai’i in 1977.

American Savings Bank was formed in 1987 as a subsidiary to handle the bank’s operations in Hawai’i. The bank was federally chartered.

In the 90s, the bank would make two key acquisitions:

  • First Nationwide Bank
  • Bank of America’s operations in Hawai’i.

Following the latter acquisition in 1997, the bank became the 3rd largest in the state.

American Savings Bank Headquarters

The headquarters of American Savings Bank are located at American Savings Bank Tower at 1001 Bishop Street in Honolulu.

The building is part of Bishop Square, the largest office complex in Hawaii. The American Savings Bank Tower is a 30-story high rise which has more than 500,000 square feet of space inside. The space is shared by commercial offices, retail stores and restaurants.

Construction of the tower was completed in 1972 and the building also underwent renovation in 1983. It is served by 11 elevators.

Some of the features of the building include:

  • Onsite management
  • 10-level parking garage
  • A freight elevator
  • Electronic access cards for tenants

However, American Savings Bank is already in the process of putting up a new headquarters building. The new building will be located on 300 North Beretania Street and construction is already underway. The building is going to be 11 stories high and will provide more than 370,000 square feet of space. The building will be in the Chinatown District in Downtown Honolulu.

American Savings Bank Headquarters Address

1001 Bishop St, Honolulu, HI 96813, USA

American Savings Bank headquarters address

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