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Posted: Wednesday, December 11th, 2013 11:50 AM HST

Hawaii bank delays American Samoa closure again

By Associated Press

PAGO PAGO, American Samoa (AP) Bank of Hawaii is indefinitely delaying a plan to close its branches in American Samoa after a plea from the territory's governor to bank executives.

Gov. Lolo Matalasi Moliga says he met Monday with Bank of Hawaii CEO Peter Ho in Honolulu to ask for the second delay. The bank originally announced last year they would close its two branches, leaving the territory with only one bank and none chartered in the United States.

A business group has been trying to set up a community bank to help the territory transition.

Moliga says the latest delay will help the new bank finish setting up.

Ho said in a statement that the company wants a smooth transition for the territory's government and won't leave until its deposits can be accommodated.



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