Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 36

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 36
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 access to a safe and affordable bank or credit union account, and EASE by Bank of Hawai ' i is one of only two deposit account products offered by a local financial institution to receive this national certification. With no checks to return, customers do not incur overdraft fees. For a nominal fee, customers are given a Visa debit card and access to over 300 Bank of Hawai'i and partner ATMs. With a direct deposit of any amount, the nominal monthly service fee is waived , and customers are allowed to open an account with a deposit of $25. They also receive free 24/7 Bankoh by Phone, mobile banking and e-Bankoh online banking services. We continue to see strong demand for our EASE product, and are pleased to meet the needs of unbanked and underbanked people in the communities we serve. Assisting Communities with Their Financial Needs Bank of Hawai ' i continues to build long-term relationships in the communities we serve through education. For the past 14 years, the Company has been offering our SmartMoney financial education seminars, which cover a variety of financial topics, such as how to save and invest and purchase a first home. In April and October 2024, dozens of Company employees showed up for SmartMoney Lesson Day to inspire 375 students at Princess Ruth Ke‘elikōlani Middle School with a lesson on the importance of saving. During tax season, six employee volunteers became certified to provide free tax preparation services for

| BANK OF HAWAI'I  •  2025 PROXY STATEMENT | 29 |

| PROPOSAL 1: ELECTION OF DIRECTORS |

eligible taxpayers as part of the Volunteer Income Tax Assistance (VITA) program. VITA offers free tax help to those who would benefit most from tax refunds, including people with disabilities, seniors, those with limited understanding of English, and those who make approximately $66,000 or less. Our employees volunteered a combined 134 hours and prepared 62 tax returns. Housing for Our Community Honolulu continues to be one of the most expensive cities in the U.S., and with a shortage of affordable rental homes across Hawai'i, the availability of affordable and workforce housing is more important than ever. In 2024, 937 affordable housing units (630 on O‘ahu, 214 on Maui, and 93 on Kaua‘i) started construction or rehabilitation thanks in part to Bank of Hawai'i, and over 800 more units are in the pipeline for 2025. We are