Magazine article American Banker

Bank of Hawaii Appoints President, Potential CEO?

Magazine article American Banker

Bank of Hawaii Appoints President, Potential CEO?

Article excerpt

Bank of Hawaii Corp. followed a relatively strong first-quarter earnings report with the announcement of a new president, an interim chief financial officer, and a flurry of other promotions it says will bolster the company as a community bank focused on the islands.

The $10.8 billion-asset company has also probably formalized a succession plan for Allan R. Landon, 60, its chairman and chief executive officer, analysts said.

Peter Ho, a 15-year company veteran and top lieutenant to Mr. Landon for the past five years, succeeded him Friday as the Honolulu company's president.

Mr. Ho is to remain the chief banking officer, a title he has held since last fall when he began overseeing retail banking, commercial banking, and investment services. The company said it had made that move in order to integrate three core revenue-generating areas under one executive.

"This emphasizes our desire to have Bank of Hawaii structured more like a community bank," Mr. Landon said in a press release issued after the markets closed Friday.

"Peter is an excellent leader with solid banking experience. This promotion recognizes his accomplishments."

Mr. Ho and Mr. Landon did not respond to calls by press time Monday requesting comment, but Brett Rabatin, an analyst at First Horizon National Corp.'s FTN Midwest Securities Research Corp., said in an interview Monday that Bank of Hawaii has long had a reputation for planning significant changes two or three years in advance.

He also said it "appears" that Mr. …

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