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Bank of Hawaii Lowers Base Lending Rate

Tuesday, March 18, 2008

Honolulu, Hawaii (March 18, 2008) - Bank of Hawaii, the principal subsidiary of Bank of Hawaii Corporation (NYSE:BOH), has announced that it will lower its base lending rate to 5.25 percent, down from 6.00 percent, effective March 19, 2008.

Bank of Hawaii’s move follows the rate decrease of three-quarters of a percent announced March 18, 2008 by the Federal Reserve.

Bank of Hawaii provides comprehensive financial services to businesses, consumers and governments in Hawaii, the West Pacific and American Samoa.