11 Aug 2005

New bank to open in Hawaii

8:11 am on 11 August 2005

A new Pacific Rim Bank has received the approval from the US Dept of Comerce and Consumer Affairs to open in Hawaii.

But the Bank still has to be given the green light by the US government regulator and the Federal Deposit Insurance Corporation.

It also needs a state charter before it can begin operating in November.

It is believed to be the first Hawaii bank to open in more than 45 years.