page_title: U.S. national banks of Hawaii
hierarchical_section_title: U.S. national banks of Hawaii
caption_attribution_description: English: $10 Series 1882BB National Bank Note, The First National Bank of Honolulu at Hawaii (Charter #5550), the first and largest of the U.S. national banks of Hawaii. President Cecil Brown Cashier W.G. Cooper.
context_page_description: The first bank established in the Kingdom of Hawaii was Bishop & Co., founded by Charles Reed Bishop and William A. Aldrich in 1858. Almost 25 years later, Spreckels & Co. was founded by Claus Spreckels in partnership with William G. Irwin in 1884. The Kingdom opened the Hawaiian Postal Savings Bank on July 1, 1886. By 1895 the Yokohama Specie Bank opened a branch in Honolulu and the merchant importer/exporter Hackfeld & Co. went into banking. Following the annexation of Hawaii in July 1898, plans were set in motion to establish the First American Bank of Hawaii backed by investors in New York and California. A prospectus soliciting stock subscriptions was released on May 8, 1899, and the bank opened for business on September 5, 1899. The founding board of directors included Cecil Brown, B.F. Dillingham, M.P. Robinson, Bruce Cartwright, and G.W. Macfarlane. Additional officers included W.G. Cooper, E.M. Boyd, and George F. McLeod. The expressed purpose for founding the bank was to eventually convert it into a National Bank under the National Bank Act. On April 30, 1900 a special act of Congress extended the National Banking Act to include the Territory of Hawaii.
context_section_description: The first bank established in the Kingdom of Hawaii was Bishop & Co., founded by Charles Reed Bishop and William A. Aldrich in 1858. Almost 25 years later, Spreckels & Co. was founded by Claus Spreckels in partnership with William G. Irwin in 1884. The Kingdom opened the Hawaiian Postal Savings Bank on July 1, 1886. By 1895 the Yokohama Specie Bank opened a branch in Honolulu and the merchant importer/exporter Hackfeld & Co. went into banking. Following the annexation of Hawaii in July 1898, plans were set in motion to establish the First American Bank of Hawaii backed by investors in New York and California. A prospectus soliciting stock subscriptions was released on May 8, 1899, and the bank opened for business on September 5, 1899. The founding board of directors included Cecil Brown (President), B.F. Dillingham (Vice-President), M.P. Robinson, Bruce Cartwright, and G.W. Macfarlane. Additional officers included W.G. Cooper (Cashier), E.M. Boyd (Secretary), and George F. McLeod (Auditor). The expressed purpose for founding the bank was to eventually convert it into a National Bank under the National Bank Act. On April 30, 1900 a special act of Congress extended the National Banking Act to include the Territory of Hawaii.
caption: The first $10 National Bank Note issued by The First National Bank of Hawaii at Honolulu, Territory of Hawaii (1900). Signed by Cecil Brown (President) and W.G. Cooper (Cashier)
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