Savings bank

Caisse d’Epargne Territoriale will reopen 2 branches

February 3 – The Territorial Savings Bank announced on Wednesday that it will reopen its branches in Pearl City and Kalihi on Monday, several weeks after they were temporarily closed.

Branches were temporarily closed in mid-January due to staffing issues related to COVID-19.

“We are grateful to our staff and customers who diligently wear masks and practice social distancing in our branches,” Robert Lee, senior vice president of banking services, said in a press release. “Their care and compassion for each other helped us recover quickly from the impact of COVID last month. We want to remind our customers that we offer contactless banking services such as mobile banking, online banking and telephone banking so customers can bank securely from home or office.”

Territorial, which was founded in 1921, has 29 branches in Oahu, Maui, Hawaii and Kauai.

Separately, the state’s fifth-largest bank said its board had passed an 11th share buyback program. Under the program, the company can repurchase up to $5 million of the company’s outstanding stock.

“We continue to have confidence in our economy as it extends its recovery,” Territorial Chairman and CEO Allan Kitagawa said.

Hawai ‘i Life Acquires Maui’s Wailea Realty Residential real estate brokerage Hawai ‘i Life has acquired Wailea Realty Corp., a second-generation Maui real estate company founded in 1972. Hawai ‘i Life just had its best year ever with 3, $68 billion closed in 2021.

“Wailea Realty is an iconic company and it’s an honor to have them partner with Hawai ‘i Life,” said Hawai ‘i Life CEO Matt Beall. “We have a lot in common, from the same deep roots in the communities we serve to strong independent identities. They already take full advantage of our in-house marketing, advertising, inside sales and agent services teams.”

Operated by Bradley MacArthur and Tom Tezak, Wailea Realty holds the third largest market share, behind Hawai ‘i Life, in the planned resort community of Wailea. Since the acquisition, 53 Wailea Realty brokers and salespeople have joined the Hawai ‘i Life team, expanding the company’s presence and breadth of service in Maui.

“We spent a lot of time thinking about the best direction for our clients and our sellers,” said MacArthur, president of Wailea Realty. “Hawai’i Life is an internationally recognized brand that provides our customers with extraordinary exposure to potential buyers, and it was very significant that it was a locally owned and operated business.”

Hawaiian Electric Awards Climate Change Grants Hawaiian Electric has awarded grants totaling $77,000 to seven nonprofit environmental and conservation organizations whose programs aim to mitigate the effects of climate change through education, stewardship and reforestation.

These are Hawaii Nature Center, Hawaii Wildfire Management Organization, Malama Learning Center, Moanalua Gardens Foundation, North Shore Community Land Trust, Protect & Preserve Hawai’i, and Trees for Honolulu’s Future.

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