First Hawaiian, Inc. CFO to Leave the Company in January 2018
January 08 2018 - 6:06PM
First Hawaiian, Inc. (NASDAQ:FHB) announced today that Michael
Ching, Chief Financial Officer and Treasurer of First Hawaiian,
Inc. and First Hawaiian Bank, will be leaving the company.
His last day of employment will be January 31, 2018. He
will continue to assist the company on a consulting basis, and,
effective February 1, Eric Yeaman, President and Chief Operating
Officer, will serve as acting CFO as the company conducts a search
for a permanent replacement.
Michael Ching joined the company in June 2015
and played an important role in First Hawaiian Bank’s transition
from a wholly owned subsidiary of BNP Paribas to a publicly traded
company with First Hawaiian, Inc.’s initial public offering “IPO”
in August of 2016.
“Mike has played an integral role at First
Hawaiian — we will miss his expertise, great sense of humor
and collaborative nature,” said Bob Harrison, chairman and
CEO. “We would like to thank Mike for his contributions and
wish him well.”
“It’s been exciting to be a part of First
Hawaiian’s journey over the last two and a half years,
especially the work and development that went into the execution of
the company’s successful IPO. I am looking forward to
applying the experience I have gained in this process as I take on
my next exciting venture,” said First Hawaiian CFO Michael
Ching. “Leaving the Bank will be very difficult, and I wish
the best for all of my FHB colleagues who have been like
family.”
First Hawaiian, Inc. (NASDAQ:FHB) is a bank
holding company headquartered in Honolulu, Hawaii. Its
principal subsidiary, First Hawaiian Bank was founded in 1858 as
Bishop & Co., and today is Hawaii’s oldest and largest
financial institution with branch locations throughout Hawaii, Guam
and Saipan. The company offers a comprehensive suite of
banking services to consumer and commercial customers including
deposit products, loans, wealth management, insurance, trust,
retirement planning, credit card and merchant processing
services. Customers may also access their accounts through
ATMs, online and mobile banking channels. For more
information about First Hawaiian Inc., visit www.fhb.com.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements reflect our
current views with respect to, among other things, future events
and our financial performance. These statements are often, but not
always, made through the use of words or phrases such as “may”,
“might”, “should”, “could”, “predict”, “potential”, “believe”,
“expect”, “continue”, “will”, “anticipate”, “seek”, “estimate”,
“intend”, “plan”, “projection”, “would”, “annualized” and
“outlook”, or the negative version of those words or other
comparable words or phrases of a future or forward-looking nature.
These forward-looking statements are not historical facts, and are
based on current expectations, estimates and projections about our
industry, management's beliefs and certain assumptions made by
management, many of which, by their nature, are inherently
uncertain and beyond our control. Accordingly, we caution you that
any such forward-looking statements are not guarantees of future
performance and are subject to risks, assumptions, estimates and
uncertainties that are difficult to predict. Although we believe
that the expectations reflected in these forward-looking statements
are reasonable as of the date made, actual results may prove to be
materially different from the results expressed or implied by the
forward-looking statements. For a discussion of the risks and
important factors that could affect our future results and
financial condition, see our U.S. Securities and Exchange
Commission (“SEC”) filings, including, but not limited to, our
annual report on Form 10-K for the year ended December 31,
2016.
Investor Relations Contact:
Kevin
Haseyama, CFA(808) 525-6288khaseyama@fhb.com
Media Contact:Susan Kam(808)
525-6254skam@fhb.com
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