Menu

About Us

Governance

ASB is a Honolulu-based nationally chartered savings bank providing a full range of financial products and services, including business and consumer banking, home loans, insurance and investments. We are owned by ASB Hawaii, Inc., a subsidiary of Hawaiian Electric Industries, Inc. (HEI), a publicly traded company. To learn more about HEI and its other subsidiaries, please review HEI’s latest Annual Report (10-K).

Our Board & Management Committee

Board & Executive Diversity

Board & Executive Diversity

Environmental, Social, Governance Core Team

Environmental, Social, Governance Core Team

Managing Risk

Managing Risk

Our Board

ASB and HEI have separate boards of directors. In 2022, all members of HEI’s board of directors joined ASB’s board.

 

ASB’s board of directors oversees its direction and the performance of the company’s management team. In collaboration with HEI, the board periodically commits to a strategic planning process to provide guidance on ASB’s priorities and plans. The board executes responsibilities through its annual retreat, regular board meetings, review of written reports and ongoing engagement with ASB’s leadership team. ESG-related matters are an important focus and the board has been key in our long-term business strategy and operational planning processes.

 

To ensure our board is equipped to support ASB’s vision, the HEI board and its Nominating & Corporate Governance (NCG) Committee carefully considers opportunities for improvement and identifies potential ASB directors with relevant experience on ESG topics applicable to our business and strategies.

 

ASB board members are committed to providing solutions related to ESG by serving on one of two committees – Audit and Risk.

The ASB Audit Committee is responsible for ensuring ASB complies with legal and regulatory requirements. As legislatures and government agencies become increasingly involved in ESG-related issues, the Audit Committee ensures that ASB is in compliance and up-to-date on new laws and ensures that management is equipped to comply with those requirements.

The ASB Risk Committee is responsible for overseeing ASB’s Enterprise Risk Management (ERM) program. Environmental and societal changes, as well as how those are viewed and managed, have the potential to create additional risks to ASB. The ASB Risk Committee ensures that management identifies, manages, mitigates and reports on risk, including those that are ESG-related.

Ann Teranishi's Headshot

ANN TERANISHI

President

Chief Executive Officer

Beth Whitehead's Headshot

BETH WHITEHEAD

Executive Vice President
Chief Administrative Officer

Brian Yoshii's Headshot

BRIAN YOSHII

Executive Vice President
Chief Information Officer

Dane Teruya's Headshot

DANE TERUYA

Executive Vice President
Chief Financial Officer

Dani Aiu's Headshot

DANI AIU

Executive Vice President
Consumer Banking

Gabe Lee's Headshot

GABE LEE

Executive Vice President
Commercial Markets

John Ward's Headshot

JOHN WARD

Executive Vice President
Chief Marketing &
Product Officer

Natalie Taniguchi's Headshot

NATALIE TANIGUCHI

Executive Vice President
Enterprise Risk &
Regulatory Relations

Steven Nakahara's Headshot

STEVEN NAKAHARA

Executive Vice President
Chief Credit Officer

Management Committee

ASB is led by President and CEO Ann Teranishi and a team of executive vice presidents (EVP). Each EVP is responsible for specific functions and divisions of the bank, including Consumer Banking, Finance, Commercial Markets, Credit, Enterprise Risk and Technology. ASB’s Management Committee is committed to the company’s vision of being a great bank making people’s dreams possible, advancing the strategy set forth by the board and ensuring efficiency and high performance. The team meets weekly to review business needs, address any issues and ensure alignment to keep the company moving forward.

 

Additionally, the Management Committee is responsible for identifying ESG-related trends that could materially impact the bank and escalating those risks and opportunities to the board for consideration.

Our Board & Management Committee

Our Board & Management Committee

Board & Executive Diversity

Environmental, Social, Governance Core Team

Environmental, Social, Governance Core Team

Managing Risk

Managing Risk

Board and Executives Diversity

(as of 1/31/2023)

Board

0%

Racial Minority

0%

Female

Executives

0%

Racial Minority

0%

Female

Our Board & Management Committee

Our Board & Management Committee

Board & Executive Diversity

Board & Executive Diversity

Environmental, Social, Governance Core Team

Managing Risk

Managing Risk

John Ward's Headshot
Steven Nakahara's Headshot

Environmental, Social, Governance Core Team

ASB’s Chief Marketing & Product Officer John Ward and Chief Credit Officer Steven Nakahara oversee the company’s ESG efforts and reporting. They manage an ESG Core Team, comprised of leaders from various divisions at ASB, including the Legal, Enterprise Risk, Finance, Analytics and Communication departments.

 

With the support of ASB’s Management Committee, the ESG Core Team stays current on industry efforts related to decarbonization, economic health and affordability, secure digitalization, diversity and inclusion, employee engagement and other ESG topics. The team shares new trends, proposes changes to operations and product offerings and assists with ESG reporting efforts.

Our Board & Management Committee

Our Board & Management Committee

Board & Executive Diversity

Board & Executive Diversity

Environmental, Social, Governance Core Team

Environmental, Social, Governance Core Team

Managing Risk

Kalo Leaf

Managing Risk

We continually evaluate and address issues and activities that may pose potential risks to ASB, our teammates, customers, stakeholders and the community. This includes taking precautionary actions to anticipate, identify, mitigate, manage and report on risks related to our services.

Our board’s Risk Committee oversees the governance of the enterprise risk management program and provides a forum for detailed discussion and analysis of key issues and decisions designed to identify, mitigate, manage and report on risks potentially affecting ASB in categories, including:

  • Credit (for loans, including related risk from sea level rise and investment portfolios)
  • Market (including interest rate sensitivity)
  • Liquidity

  • Operational (including ESG)

  • Strategic

  • Reputational

Ethical Banking Practices

At ASB, “getting stuff done the right way” is one of our core expectations and every teammate is expected to comply with all laws and regulations, including fair dealing, antitrust and anti-tying laws intended to provide customers with a variety of products and services at competitive prices. We uphold and require ethical business practices, including not engaging in agreements that restrict trade or competition, such as price fixing, bid rigging and similar unfair practices, bribery or corruption.

 

A number of departments, including Legal, Regulatory Compliance, Enterprise Risk and Internal Audit are responsible for ensuring and evaluating ASB compliance with all laws and regulations. Additionally, the Audit Committee of the ASB Board of Directors assists with overseeing ASB’s compliance with legal and regulatory requirements.

Preventing Terrorism, Organized Crime and Human Trafficking

As a financial institution, we must comply with the Bank Secrecy Act, which requires us to identify and report suspicious transactions and potential money laundering to law enforcement authorities. We have developed a program to screen new customers, monitor transactions and prevent unlawful activity.

 

We also must comply with U.S. economic and trade sanctions against foreign countries, terrorists and other individuals and entities. Our policies and practices are designed to comply with the Office of Foreign Assets Control’s regulations against engaging in transactions with governments, individuals or entities on the Specially Designated Nationals and Blocked Persons List.

Our ESG Priority Areas

In collaboration with HEI, we identified seven ESG-related areas that are important to our business and our stakeholders:

Economic Health & Affordability

 

Click to learn more →

Hover to reveal →
Economic Health & Affordability
Strengthen the economy and addressing the high cost of living in Hawaii.
Reliability & Resilience

 

Click to learn more →

Hover to reveal →
Reliability & Resilience
Invest in technology to provide critical financial services, especially in natural disasters and other disruptions.
Secure Digitalization

 

Click to learn more →

Hover to reveal →
Secure Digitalization
Protecting customer and proprietary information by staying ahead of cybersecurity threats and challenges.
Diversity, Equity & Inclusion

 

Click to learn more →

Hover to reveal →
Diversity, Equity & Inclusion
Advancing diversity, social equity and inclusion in our workforce, customer base and community.
Employee Engagement

 

Click to learn more →

Hover to reveal →
Employee Engagement
Attracting, developing and retaining talented teammates by creating a great place to work.
Decarbonization

 

Click to learn more →

Hover to reveal →
Decarbonization
Reducing greenhouse gas emissions across our operations to help the state reach its carbon emissions goal by 2045.
Climate-Related Risks & Opportunities

 

Click to learn more →

Hover to reveal →
Climate-Related Risks & Opportunities
Positioning our company to manage physical and transition risks and identify solutions for climate change.

©{{CurrentYear}} American Savings Bank, F.S.B. All rights reserved.