Bank of Hawaii is closing two branches on Maui and relocating a third into a new 13,500-square-foot, two-story center.
The state’s second-largest bank by assets said the Kahului Banking Center will have a soft opening Monday for the first floor, which includes teller services, investments/financial planning, personal banking and mortgage. The second floor will mark its grand opening May 5 and will cater to commercial banking and private client services.
"This site has high visibility and gave us the opportunity to build from the ground up," said Kevin Sakamoto, executive vice president and branch division manager for Bank of Hawaii. "It’s loaded with new technology, puts all of our key operations under one roof and is in a prime location with great accessibility for customer convenience."
The Kahului Banking Center at 11 E. Kamehameha Highway will replace the existing 7,400-square-foot Kahului branch at 27 S. Puunene Ave., which closed Friday.The 9,000-square-foot Wailuku branch at 2105 Main St. and the 3,500-square-foot branch at Maui Marketplace will close for business May 4. All the tellers at the affected branches will be transferred to the new center, which will have 55 employees.
Bank of Hawaii said it is closing the two branches and relocating another as part of a consolidation and because the new center is in close proximity to those branches.
Among the features at the new center are four new "Smart ATMs" that include an envelope-free deposit function that images checks and also accepts stacks of cash, including up to 30 checks or up to 50 bills.
Other features include energy-efficient lighting, a night depository, a safe deposit area that uses a biometrics system for entry, a meeting room and outdoor lanai area for customer and employee events, and an employee teller training room with media and videoconferencing capabilities that will limit the need to fly tellers to Oahu for training. There will be 47 parking stalls on the property, including one electric charging station.
After the two May 4 closures, Bank of Hawaii, which has $15.14 billion in assets, will have 65 branches statewide and 10 on Maui. Systemwide the bank will have 72 branches after May 4, including six in the West Pacific and one in American Samoa.
