Bank of Hawaii CEO Peter Ho Receives Naval Heritage Award
Tuesday, May 31, 2016
Pictured from left: Vice Admiral John Totushek USN (Ret.), Peter Ho, and Admiral Scott H. Swift.
HONOLULU, HAWAII – Peter Ho, chairman, president and CEO of Bank of Hawaii, received the Naval Heritage Award from the United State Navy Memorial Foundation at a special reception on May 26, honoring Ho and Martin A. Kropelnicki, president and CEO of California Water Service Group.
Ho is only the second Hawaii resident to be honored with this award. Former U.S. Senator Daniel K. Inouye was an award recipient in 2006.
The United States Navy Memorial Foundation presents the Naval Heritage Award to distinguished Americans who have significantly supported the nation’s Sea Services, and whose lives and career exemplify the core value of honor, courage and commitment.
“Our process is to take recommendations from Navy Memorial Board Members, deliberate and choose the most deserving to receive the award,” said John Totushek, Vice Admiral USN (Ret) and president and CEO of the US Navy Memorial. “Awardees come from many backgrounds. We have made the award to a U.S. president, senators and congressmen, actors, authors and others who fit the criteria. This year we chose to honor Peter Ho and rather than bring him to Washington, D.C., we decided to bring the award to him.”
“It’s a privilege and honor to receive this illustrious recognition,” Ho said. “Bank of Hawaii is proud to be a partner with the Navy at Joint Base Pearl Harbor, a partnership dating back to 1942. We are ever mindful of the many sacrifices all of our military members, spouses and their families make every day and express our heartfelt appreciation for the ongoing commitment to preserving and protecting peace, stability and freedom in our state, nation and the world.”
Founded in 1897, Bank of Hawaii is Hawaii’s largest independent financial institution with 65 branches statewide. It is the designated “on-base financial institution” for the Navy and Marine Corps in Hawaii. In addition to traditional banking services, bank staff provides specialized financial education programs for military members and their families. The bank also partners with the Small Business Administration in its “Boots to Business” program that helps service members, veterans and military spouses starting a business.