While Hawaii’s two largest banks continue to dominate the financial market in the state, they both saw decreases in market share in the past year, according to data released by the Federal Deposit Insurance Corp.
First Hawaiian Bank and Bank of Hawaii combined hold 66 percent of Hawaii's market share.
Combined with American Savings Bank and Central Pacific Bank, the state's top four banks, which are all headquartered in Honolulu, control more than 90 percent of the market share.
Through June 30, First Hawaiian (Nasdaq: FHB) remained the state’s largest financial institution, with 35.77 percent of the market share and local deposits of $16 billion.
First Hawaiian’s market share is down slightly from 36.52 percent the previous year and local deposits of $16.14 billion.
Bank of Hawaii (NYSE: BOH), the state’s second-largest bank, had a 31.09 percent share of the market, down from 31.35 percent last year. It's local deposits are $13.94 billion, up from $13.8 billion.

In the payments and POS industries the Early Termination Fee, frequently abbreviated as ETF, is the price a merchant pays for cancelling their agreement before the term is due. Sadly it is common that merchant acquirers lock merchants into 3-year or longer terms, whereby the processor hoses the merchant on monthly fees. The hapless merchant has no recourse until the term ends, or they may terminate early “for cause” and stress the pending litigation of the acquirer if they refuse to pay the fees, as we’ve shown before.
A growing number of processors are moving above board on these practices, though, so there is a silver lining.