First Hawaiian, Bank of Hawaii decline in market share

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.

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