- American Savings Bank is Hawaii's third-largest financial institution, with assets of $6
American Savings Bank Net worth 2024 (estimated)
| How much is American Savings Bank worth? | Under review
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American Savings Bank facts
- 7 billion
- A subsidiary of Hawaiian Electric Industries (NYSE: HE), it is headed by Chairman Constance Lau
- American Savings Bank dates back to September 7, 1922, when four men filed articles of incorporation in the state of Utah for Mutual Savings and Loan
- The following year, on April 24, another association filed articles of incorporation under the name of American Building and Loan Company
- Permission to establish its first branch in Honolulu, HI, was granted on January 8, 1925
- On February 4, 1932, Mutual Savings and Loan merged with American Building and Loan to become American Mutual Savings and Loan
- Ten years later, the corporate name was changed to American Savings and Loan Association
- By 1958, American Savings and Loan had five offices
- In the 1960’s it added four branches on Oahu
- The 1971 acquisition of Kauai Savings and Loan added four branches
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