American Savings Bank
Encyclopedia
American Savings Bank is Hawaii
's third-largest financial institution
, with asset
s of $6.7 billion. A subsidiary
of Hawaiian Electric Industries
(NYSE: HE), it is headed by Chairman Constance Lau.
Hawaii
Hawaii is the newest of the 50 U.S. states , and is the only U.S. state made up entirely of islands. It is the northernmost island group in Polynesia, occupying most of an archipelago in the central Pacific Ocean, southwest of the continental United States, southeast of Japan, and northeast of...
's third-largest financial institution
Financial institution
In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries...
, with asset
Asset
In financial accounting, assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset...
s of $6.7 billion. A subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of Hawaiian Electric Industries
Hawaiian Electric Industries
Hawaiian Electric Industries Inc.. is the largest supplier of electricity in the state of Hawaii, suppling power to 95% of Hawaii's population through its electric utilities: Hawaiian Electric Company, Inc., Hawaii Electric Light Company, Inc. and Maui Electric Company, Limited. In addition, HEI...
(NYSE: HE), it is headed by Chairman Constance Lau.