2022’s Best Banks in Hawaii

2022's Best Banks in Hawaii

Hawaii is a state in the United States of America. Hawaii is the only state in the USA made up entirely of islands. It is a group of islands, atolls, and reefs in the North Pacific Ocean. Hawaii has many natural features, including four volcanic mountains, beaches, and mangrove forests. The climate is tropical, with a wet and dry season (1).

The economy in Hawaii is mainly dependent upon tourism. Tourism is big business here because so many vacationers come from all over the world to visit this tropical paradise each year.

So, there is a need for banks in Hawaii to provide financial services that meet the needs of tourists and locals alike.

The best banks in Hawaii are locally based and offer a wide variety of services to meet the needs of their clients. Many also offer online banking services so that you can manage your accounts from anywhere in the world.

Our goal is to help you find the best banking institution on the islands. We believe that competitive interest rates, exceptional service, and excellent customer service are all vital to providing the ultimate banking experience. Our review list considers all of these factors while examining a bank’s offerings, history of service, and other information so you can place your trust in a financial institution with confidence and ease.

Hawaii’s Top 8 Banks For 2022

In a state where tourism is king, and the majority of residents live on the coast, the banking sector is as vital to Hawaii’s economy as it is for any other state in America.

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Hawaii's Top 8 Banks for 2022

Here are the best banks in Hawaii for 2022, based on our analysis of the top financial institutions in the state.

1.    OneWest Bank

OneWest Bank, a part of CIT Bank, N.A. (Member FDIC, Equal Housing Lender), has more than 60 retail offices in Southern California, stretching from San Diego to Ventura County, offering a wide range of deposit and lending options for individuals and small companies – both in-person and online. Its parent business, CIT Group Inc., was formed in 1908 and is one of the world’s oldest financial holding companies.

The bank offers various services, including checking and savings accounts, credit cards, mortgages, auto loans, and personal loans.

OneWest Bank is happy to have a growing presence in the areas where its clients live and work, supporting their day-to-day financial life. MONEY Magazine named OneWest the “Best Bank in California” in 2016 and 2017 (2).

2.    Bank Of Hawaii

For many years in a row, the Bank of Hawaii has been the third best bank in Hawaii. The company has been in business for more than 127 years and has over 69 branches throughout the state (3).

The bank offers a wide range of products and services, including investment products, insurance, and retail banking services. In addition, its wealth management division provides investment advice for high-net-worth individuals and their families. Bank of Hawaii offers a banking app as well.

At Bank of Hawaii, community service is a crucial principle. For them, it’s about a shared trust that stems from the confidence placed in their clients and the resolve to uphold that trust in every area of the service they provide.

The Bank of Hawaii has several locations in Hawaii, including the Bank of Hawaii Mapunapunan, Bank of Hawaii Ewa Beach, Bank of Hawaii Heloc, Bank of Hawaii Kunia, Bank of Hawaii Pahoa, Bank of Hawaii Pukalani, and Bank of Hawaii Haleiwa.

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3.    HomeStreet Bank

In the year 1921, HomeStreet Bank was established as a financial institution. At HomeStreet Bank, they are motivated by a desire to improve the quality of life for their clients and the communities they serve by cultivating deliberate connections, maintaining continuous integrity, and providing excellent financial advice. They are a full-service bank that prioritizes delivering a consistent banking experience at every point of contact with customers and throughout each stage of the customer’s journey. In all they do, they strive to foster personal relationships and genuine interactions, believing these are the foundations of thriving communities.

HomeStreet Bank

4.    Hawaii National Bank

Hawaii National Bank has been serving the state for more than 50 years. The bank is headquartered in Honolulu, with branches throughout the state.

The company offers various services, including commercial lending, wealth management, trust services, investment banking, and insurance services. It’s also one of the top credit unions in Hawaii. Hawaii National Bank is distinguished in adapting to the ever-changing circumstances by utilizing digital technology and other creative products.

5.    Central Pacific Bank

The Forbes list of Finest-In-State Banks 2022 awarded Central Pacific Bank (CPB) Hawaii’s best bank. Forbes and Statista Inc., the world’s premier statistics portal and source of industry rankings, present this distinguished honor (4).

Central Pacific Bank provides commercial banking services for businesses throughout Hawaii. The company offers small and commercial real estate loans for large businesses that need financing for expansion or new construction projects. Other benefits include treasury management and electronic payment processing solutions for small businesses and corporations.

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6.    First Hawaiian Bank

First Hawaiian Bank (FHB) is the oldest and largest bank in Hawaii, with more than 100 branches across the state. The bank has a long history of helping Hawaii’s economy grow, including supporting local businesses and offering lines of credit to customers. FHB provides a wide range of accounts, including checking, savings, and CD accounts, as well as personal loans and mortgages.

Because of its variety of services, First Hawaiian Bank earned a spot in the Top 100 Banks of 2022, compiled by GOBankingRates (5).

7.    CIT Bank

CIT Bank is the best bank in Hawaii for 2022. It offers competitive rates, low fees, and a wide range of products, including free checking accounts, CD and IRA options, mortgages, credit cards, and IRAs.

CIT’s consumer banking sector has a countrywide direct bank and a regional branch network.

8.    Bank Of The Orient

The Bank of the Orient is a subsidiary of Bank of the Orient, a California-based bank that has been in business since 1854. The bank operates more than 100 branches across Hawaii and serves more than 300,000 customers. The bank offers a wide range of products and services, including checking accounts, savings accounts, and certificates of deposit (C.D.s). Customers can also take advantage of additional services such as debit cards, credit cards, mortgages, and auto loans. Additionally, the bank offers business banking solutions for small businesses and professionals. The Bank of Orient is an FDIC member-insured institution that provides financial security for its customers.

Bank Of The Orient


  1. https://kids.nationalgeographic.com/geography/states/article/hawaii-1
  2. https://www.alignable.com/westlake-village-ca/onewest-bank/one-west-bank-a-division-of-cit-n-a
  3. https://www.boh.com/about-us
  4. https://www.cpb.bank/resources/2022/june/cpb-is-1-on-forbes-best-in-state-banks-2022-list
  5. https://www.gobankingrates.com/reviews/first-hawaiian-bank/

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