Savings bank

American Savings Bank Announces 2021 Community Impact Contributions

The American Savings Bank announced that its charitable contributions for the 2021 calendar year totaled more than $1.5 million. The funds were donated to the community, benefiting nearly 80 local nonprofit organizations, according to an announcement from the company.

In addition to financial support, ASB teammates have contributed practical impact through more than 13,000 Seeds of Service volunteer hours with nearly 160 nonprofit organizations.

“The past year has been difficult for many residents and organizations across the state and we knew we had to step up our efforts to support our customers and our community when they needed us most,” said Ann Teranishi. , President and CEO of ASB. “I’m proud of our teammates for their continued generosity and we look forward to making a real impact on our community in 2022 and beyond.”

2021 ASB Community Impact Highlights

  • Paycheck Protection Program Loans Throughout the pandemic, ASB teammates have gone above and beyond to support customers and the community when they need it most. Our efforts have enabled ASB to secure $548 million in PPP loans for more than 6,300 Hawaiian businesses, which has helped preserve approximately 65,000 local jobs. ASB has worked with thousands of clients experiencing financial difficulty through loan deferral and loan forbearance programs.

  • Kahiau Giving Campaign In 2021, Teammates surpassed previous records set by contributing more than $210,000 to ASB’s bank-wide Kahiau Giving Campaign with a 95% participation rate. Along with ASB’s $150,000 match, more than $360,000 was donated to nine nonprofits, including Aloha United Way, Child & Family Service, Kapiolani Health Foundation, Kupu and Partners in Development Foundation.

  • Girl Scouts of Hawaii STEM Center ASB invests in the growth and development of Hawaii’s students and future workforce. ASB donated $100,000 to support the Girl Scouts of Hawaii STEM Center of Excellence at Camp Paumalu. The new facility will provide young women with year-round opportunities in astronomy, cybersecurity, computer coding and robotics, and other STEM-based skills.

  • The University of Hawaii Foundation Live-Learn-Work Community ASB and HEI have pledged $250,000 each to the University of Hawaii Foundation Live-Learn-Work Community in the Residences for Innovative Student Entrepreneurs (RISE), as part of an ongoing commitment to supporting higher education, developing the state’s future leaders and entrepreneurs, and diversifying our economy.

  • Vaccination efforts against Covid When Covid numbers peaked due to the Delta variant, ASB did its part to curb the spread of cases in the community by encouraging residents to get vaccinated and rewarding three lucky winners with a cash prize of $5,000 through the State of Hawaii’s HIGotVaccinated program. ASB also organized two free vaccination clinics in nearby Aala Park, to provide free and easy access to vaccinations in the Kalihi-Chinatown neighborhoods.

  • Vaccination efforts against Covid When Covid numbers peaked due to the Delta variant, ASB did its part to curb the spread of cases in the community by encouraging residents to get vaccinated and rewarding three lucky winners with a cash prize of $5,000 through the State of Hawaii’s HIGotVaccinated program. ASB also organized two free vaccination clinics in nearby Aala Park, to provide free and easy access to vaccinations in the Kalihi-Chinatown neighborhoods.

  • Hawaii Restaurant Card Business Holiday Card ASB has relaunched the Hawaii Restaurant Card Business Holiday Card program in a statewide effort to support local restaurants and food supply chain industries at a time when they need it most needed. More than $750,000 was injected into the industries with the help of 203 local establishments who purchased cards as holiday gifts for their customers and employees.

  • Education Bank’s KeikiCo Competition Over 750 students in grades 3-12 participated in this year’s KeikiCo competition. The competition, which began in 2015 as a biennial competition, now runs annually due to popular demand. This year’s KeikiCo competition received more than 125 entries from 17 schools across the state. Students formed teams of two to five students to pitch their best business plan ideas to a panel of esteemed judges for a chance to win up to $25,000. A total of $145,000 was awarded to eight local winning schools.

Paycheck Protection Program Loans

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Throughout the pandemic, ASB has secured $548 million in PPP loans for more than 6,300 Hawaiian businesses, which ASB says has helped preserve approximately 65,000 local jobs. ASB has worked with thousands of clients experiencing financial difficulty through loan deferral and loan forbearance programs.

THE ARTICLE CONTINUES UNDER THE AD

Kahiau Donation Campaign

In 2021, Teammates surpassed previous records set by contributing more than $210,000 to ASB’s bank-wide Kahiau giving campaign with a 95% participation rate. Along with ASB’s $150,000 match, more than $360,000 was donated to nine nonprofits, including Aloha United Way, Child & Family Service, Kapiolani Health Foundation, Kupu and Partners in Development Foundation.

Girl Scouts of Hawaii;i STEM Center

THE ARTICLE CONTINUES UNDER THE AD

ASB invests in the growth and development of Hawaii’s students and future workforce. ASB donated $100,000 to support the Girl Scouts of Hawaii STEM Center of Excellence at Camp Paumalu. The new facility will provide young women with year-round opportunities in astronomy, cybersecurity, computer coding and robotics, and other STEM-based skills.

University of Hawaii Foundation Live-Learn-Work Community

ASB and HEI have pledged $250,000 each to the University of Hawaii Foundation’s Live Work Community in Residences for Innovative Student Entrepreneurs, as part of an ongoing commitment to supporting higher education, develop the state’s future leaders and entrepreneurs and diversify our economy.

COVID vaccination efforts

When COVID numbers peaked due to the Delta variant, ASB did its part to curb the spread of cases in the community by encouraging residents to get vaccinated and rewarding three lucky winners with a cash prize of $5,000 through the State of Hawaii’s HIGotVaccinated program. ASB also organized two free vaccination clinics in nearby Aʻala Park, to provide free and easy access to vaccinations in the Kalihi-Chinatown neighborhoods.

Hawaii Restaurant Card Business Holiday Card

ASB has relaunched the Hawaiʻi Restaurant Card Business Holiday Card program in a statewide effort to support local restaurant and food supply chain industries at a time when they need it most. More than $750,000 was injected into the industries with the help of 203 local establishments who purchased cards as holiday gifts for their customers and employees.

Education Bank KeikiCo Competition

More than 750 students from grades 3 to 12 participated in this year’s KeikiCo contest. The competition, which began in 2015 as a biennial competition, now runs annually due to popular demand. This year’s KeikiCo competition received more than 125 entries from 17 schools across the state. Students formed teams of two to five students to pitch their best business plan ideas to a panel of esteemed judges for a chance to win up to $25,000. A total of $145,000 was awarded to eight local winning schools.


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