Bank of Hawaii Lowers Base Lending Rate
Wednesday, October 08, 2008
Honolulu, Hawaii (October 8, 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 4.50 percent, down from 5.00 percent, effective Oct. 9, 2008.
Bank of Hawaii’s move follows the rate decrease of one-half of a percent announced Oct. 8, 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.