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Bank of Hawaii and Brigham Young University–Hawaii Launch New School-to-Work Program for Pacific Islanders

Wednesday, February 16, 2011

HONOLULU, HAWAII – Bank of Hawaii and Brigham Young University–Hawaii announced today that they have partnered to create the Pacific Island Banking Scholars Program, a school-to-work program aimed to develop business and leadership skills for students from American Samoa, Saipan and Guam. A reception will be held today at the BYU-Hawaii campus, where Bank of Hawaii will award the school with $100,000 for Pacific Island Banking Scholars Program scholarships.

The Pacific Island Banking Scholars Program provides assistance to students from low- or moderate-income households in American Samoa, Saipan and Guam seeking to further their education in finance, accounting or business. Students in this program must show a commitment to return to their respective community after graduation from BYU–Hawaii.

Peter Ho, Bank of Hawaii chairman and CEO, said, “Bank of Hawaii is pleased to provide Pacific Island students with this opportunity to gain business and financial skills. We designed this program to provide not only financial support through scholarships, but to also offer students career opportunities through Bank of Hawaii internship and associate programs.”

Dr. Steven C. Wheelwright, president of BYU–Hawaii, said, “We’re thrilled with this new program and are grateful to Bank of Hawaii for their generous support of our students. Connecting students with internships and jobs in their home countries is a point of emphasis for BYU–Hawaii, and the Pacific Island Banking Scholars Program aligns perfectly with that effort.”

In addition to the $100,000 for scholarships, students in the Pacific Island Banking Scholars Program can benefit from BYU–Hawaii’s loan forgiveness program, which has been incorporated into its school-to-work financial aid program (I-WORK). Students’ financial needs will be funded 50 percent by a scholarship and 50 percent through a loan that will be forgiven over a four-year period if the student returns to American Samoa, Saipan or Guam.

Pacific Island Banking Scholars can also apply for a summer internship in the Bank of Hawaii commercial banking division or Hawaii branch division. In addition, Bank of Hawaii may offer select full-time positions in its commercial banking division or Hawaii branch division to qualified graduates of the program as part of its Bank Associate Program.

Recruitment for the Pacific Island Banking Scholars Program is ongoing. Students interested in applying for the program can contact BYU–Hawaii Career Services (career.byuh.edu, 808.675.3975) for more information.

BOH CEO Peter Ho and BYUH President Steven Wheelwright