Introduction

Our team cares deeply about the economic, environmental and social future of Hawai‘i. As a bank, we know that our success is closely tied to the financial health of our customers, local businesses and our island economy, so our business strategies have sought to support our community as a whole.

In 2020, Hawai‘i’s economy was shaken to its core when the COVID-19 pandemic temporarily shuttered local businesses and paused our state’s tourism industry. As an essential service provider, our bank worked tirelessly to provide service safely in branches statewide, keep our online banking platforms up and running and provide constant service to our customers and community. We are proud of and grateful for our teammates’ dedication.

The pandemic brought to light the importance of building a resilient economy — one that recognizes small businesses as the lifeblood of our state, prioritizes innovation and selfsufficiency and promotes sustainable environmental and business practices.

We are committed to doing our part to contribute to Hawai‘i’s economic recovery. We are steadily expanding solutions for Hawai‘i businesses and increasing the amount of financing for commercial and real estate projects. These loans have higher risk profiles than residential loans, but we believe that supporting local businesses is an important driver for rebuilding. For years, fostering innovation and entrepreneurship has been one of ASB’s key impact areas. We continue to support our state’s Startup Paradise community and the entrepreneurial endeavors of Hawai‘i’s people.

As one of the largest financial institutions in Hawai‘i, ASB has long recognized that when more people have the financial security to save portions of their income, make investments and borrow money to make their dreams possible, the local economy thrives. We continue to invest in social and environmental sustainability measures to ensure our recovery efforts meet the needs of all residents, promote greater financial equity and result in strong economic growth.

Corporate Social Responsibility 2019 Report