SEATTLE, Washington-The Federal Home Loan Bank of Seattle (Seattle Bank) has named First Hawaiian Bank, headquartered in Honolulu, Hawaii, as the recipient of its 2012 Community Spirit Award.
The award recognizes a member of the Seattle Bank cooperative that exemplifies the spirit of community partnership in creating affordable housing and economic development opportunities in the communities it serves.
“We are very pleased to recognize First Hawaiian Bank with our 2012 award,” stated Seattle Bank President and CEO Michael L. Wilson. “Through its membership in the Seattle Bank and strong community partnerships, First Hawaiian has helped to provide nearly $37.9 million of grants and reduced-rate loans to support 1,150 affordable homes.” The funding has included: $4.8 million of Seattle Bank Affordable Housing Program (AHP) grants, $33.0 million of Community Investment Program/ Economic Development Fund (CIP/EDF) loans, and $60,000 of Home$tart Program grants.
According to First Hawaiian Bank President and CEO Bob Harrison, “First Hawaiian Bank's commitment to serving the community dates back to its founding by Charles Reed Bishop in 1858, and we have used the Seattle Bank's community investment programs for more than 20 years. We rely on these programs because they not only help to create safe, sustainable affordable housing-for seniors, first-time homebuyers, and others in need-but also help to create jobs and to grow our local economy.”
First Hawaiian Bank will receive the Community Spirit Award at a ceremony to be held in Hawaii later this year. Invitees will include state and local civic and community leaders and members of the Seattle Bank cooperative. Along with the award, First Hawaiian Bank will receive $5,000 from the Seattle Bank to further its affordable housing mission. (FHB)