Bank walk raises $102K for 3 nonprofits
Central Pacific Bank employees, family and friends raised $102,135 on June 4 for the seventh annual CPB Walks for You event. The three employee-selected beneficiaries were Hawaii Children’s Cancer Foundation, Hawaii Fi-Do and Kapiolani’s Children’s Miracle Network. The total amount raised includes a match from the Central Pacific Bank Foundation.
The event began at the Honolulu Civic Center Sky Gate Park.
Since Central Pacific launched this fundraiser, the event has raised nearly $652,000 for Hawaii nonprofits selected by the bank’s employees.
Orlando tragedies have yet to hurt tourism
Experts say it’s too soon to gauge whether a week of horrific news out of Orlando, Fla., will hurt tourism there. But travel agents are not seeing widespread cancellations, and many travelers say they’re committed to visiting.
Orlando has been rocked in the past week by three events: the mass murder of 49 people in a nightclub, the fatal shooting of singer Christina Grimmie after a concert, and a 2-year-old killed by an alligator at a Disney World resort lagoon. It remains to be seen whether the bad news will shake Orlando’s status as the top tourist destination in the U.S., with 66 million visitors in 2015.
Stocks lower as British vote remains focus
NEW YORK >> U.S. stocks closed out a difficult week on a modestly lower note Friday, as investors continued to monitor Britain’s frenzied debate on whether to leave the European Union. The debate took on a new level of concern after the killing of a member of Parliament.
Anxiety over the British referendum coming up Thursday continued to dominate trading. Stocks have fallen six out of the past seven trading days.
U.S. home construction dipped in May
WASHINGTON >> Construction of new homes nudged down slightly in May, with builders pulling back in the Northeast and Midwest.
Housing starts ticked down 0.3 percent to a seasonally adjusted annual rate of 1.16 million units, the Commerce Department said Friday. The government’s residential construction report can be volatile on a monthly basis, which might explain the slight decrease.
On the Move
Bank of Hawaii has announced the following promotions in its Mortgage Banking Division:
>> Jack Smyth to vice president of the bank’s downtown Residential Loan Center. He will retain his current position as an executive loan officer. He has more than 10 years of local lending experience. He joined Bank of Hawaii in 2010 as a residential loan officer and has also held positions at Hawaii Discount Mortgage, Countrywide Home Loans and Stanton Mortgage Inc.
>> Wilma Todd to vice president of the division’s Quality Control Department from assistant vice president. She has more than 30 years’ experience in Hawaii’s residential lending market, joining Bank of Hawaii in 1997 as a shipper, and previously serving as an escrow coordinator for Coldwell Banker Pacific Properties, a closer for Home Financial Services and an accounting clerk for McCormack Real Estate.
>> Patty Van Kuran to assistant vice president at the Kahala Residential Loan Center. She will retain her position as an executive loan officer. She joined the bank’s human resources department in 2004 and later moved to mortgage lending in 2007.
