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Bank of Hawaii No. 2 on Forbes List

Great things come out of Hawaii, and great people come to Hawaii.
December 26, 2014

Bank of Hawaii No. 2 on Forbes List

Maui HomesThere's a funny little trend among some who live on the U.S. Mainland, and it involves not taking Hawaii very seriously. Specifically, this tends to apply to business. There are those who just assume that nothing serious is going on here, and that laying on the beach takes up the majority of our time as Hawaii residents. Some prospective Maui home owners who are contemplating a move have run into this attitude among friends, family, co-workers, etc. That's why it brings a smile to a lot of faces here in Hawaii when our businesses trounce their competitors all over the nation.

Case on point: Forbes just announced Bank of Hawaii as the nation's second-best publicly traded bank in its 2015 list of Best and Worst Banks in America. That's three places higher on the list than they had in 2014. Alright, so they didn't make No. 1, but being the second best bank in the United States should inspire respect among those who were previously unfamiliar with its excellence.

The success of Bank of America has been attributed to its conservative underwriting strategy during the housing bubble, among other things. This speaks volumes about the stability of the economy as it relates to Hawaii real estate. It pays to be careful. Not surprisingly, the bank also had the best return on equity among all the others on the list, with 15.5 percent over the past 12 months. With a total of $15 billion in assets, the bank is being ranked against competitors as large as JPMorgan Chase with $2.5 trillion in assets and as small as BancFirst with $6.4 billion in assets. The list was made with data from SNL Financial, which calculated asset quality, capital adequacy and profitability.

This kind of outstanding business performance isn't all that unusual here in Hawaii either, if you were thinking Bank of Hawaii was the only one. Hawaiian Airlines is also the most on-time airline in the nation, with impressive consistency and high performance in other categories as well. If you're interested in smaller businesses, some of the best restaurants in the nation are located in Hawaii, including Mama's Fish House, which is located here on Maui in the charming beach town of Paia. Some might say it's tricky to do business in Hawaii, but that might explain why the ones that are successful here rise to the top nationally.

Let's hope the other banks throughout the U.S. learn something from the way Bank of Hawaii is managed. It'll be good for the country in the long run, and the real estate market. On that note, if you need assistance finding the right Maui home or condo to meet your needs, you'll find our contact information at the bottom of the page. Mahalo for reading this week!

Blogs for December 2014

Bank of Hawaii No. 2 on Forbes List

Posted on December 26, 2014
Bank of Hawaii No. 2 on Forbes List

There's a funny little trend among some who live on the U.S. Mainland, and it involves not taking Hawaii very seriously. Specifically, this tends to apply to business. There are those who just assume that nothing serious is going on here, and that… Continue Reading

Hawaii is the Healthiest State Again

Posted on December 19, 2014
Hawaii is the Healthiest State Again

If you needed one more reason to buy Maui real estate and move here permanently, Hawaii topped the United Health Foundation's list of healthiest states this year. That's the second year in a row that we've earned that distinction. If people question your decision to… Continue Reading

Maui Youth Philharmonic Orchestra's Annual Winter Concert

Posted on December 12, 2014
Maui Youth Philharmonic Orchestra's Annual Winter Concert

The Maui Youth Philharmonic Orchestra's Annual Winter Concert is coming up on December 14th. Over twenty Maui students from eight local schools will be providing us with a wonderful performance. It's free to attend, for both adults and children. If you're thinking about buying… Continue Reading

Hawaii Visitor Spending on Target for Record Year

Posted on December 05, 2014
Hawaii Visitor Spending on Target for Record Year

Based on October statistics, Hawaii is on target for a record year in visitor expenditures, according to the Hawaii Tourism Authority (HTA).  Arrivals were up 3 percent to 659,821 visitors and expenditures were up 2.2 percent to $1.14 million, compared to October of… Continue Reading

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Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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