Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 35

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 35
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 reimbursed to student employees in 2024. Another educational assistance program offered is the Professional Certification Program managed by each department for their employee certification needs. Bank of Hawai'i also offers a Student Loan Assistance Program for employees. Student loan debt is a significant impediment to a key demographic sector of our national community. This program provides $100 per month, up to a lifetime maximum of $10,000, for an individual employee’s student debt. At year-end 2024, we had approximately 120 employees enrolled in this program. Our employee savings product, known as the GROW Account encourages our employees to build an emergency savings nest egg. Through these special accounts, we offer a $50 bonus to our employees when they reach $500 in savings in their GROW Account. We offer an additional $100 bonus to those employees who save an additional $500. Our Employee Mortgage Program provides our employees with a discount of up to 1% off of prevailing market rates for their primary residences. This is an attractive retention tool for Bank of Hawai'i given the high cost of housing on our islands. Investing in Our Future For the 2024 through 2025 academic year, Bank of Hawai'i Foundation supported 21 college scholarships totaling $71,750 for children and grandchildren of Bank of Hawai'i employees. Since 2014, the Foundation has provided $1,032,500 to fund 296 college scholarships. These scholarships reflect our commitment to help our employees and their families reduce the financial burdens of post-high school education. We believe this investment will enable a better future and the next generation of our world’s and Hawai'i’s leaders. Outreach to the Unbanked and Underbanked Bank of Hawai'i was the first local bank to offer an alternative to traditional checking accounts in Hawai ' i, beginning in April 2015. EASE by Bank of Hawai ' i combines convenience and access, is FDIC-insured and is among the lowest-fee bank accounts in the U.S. EASE by Bank of Hawai ' i recently received national certification from the Cities for Financial Empowerment Fund (“CFE Fund”). The CFE Fund is dedicated to providing consumers with safe and affordable accounts that meet the Bank On National Account Standards (2021-2022). CFE Fund is dedicated to providing consumers with safe and affordable accounts, and the Bank On standards were created by consumer advocates, national nonprofits, civic leaders and others to designate account features that ensure low cost, high functionality and consumer safety. Bank On’s goal is to ensure that everyone has