Hawaii's business landscape is currently celebrating a key figure in its financial sector. Hawaii Business Magazine has named Ann Teranishi, President and CEO of American Savings Bank (ASB), as its 2025 CEO of the Year. This honor underscores Teranishi's remarkable leadership and strategic acumen during a time of immense transformation for ASB. Teranishi's tenure, which began in 2007, and her role as CEO since 2021 have been marked by significant challenges and pivotal moments.
Teranishi's leadership was particularly crucial during the COVID-19 pandemic. She played a key role in helping ASB navigate unprecedented risks while ensuring the bank continued to support its customers, employees, and the broader community. This demonstrated a commitment beyond financial performance, highlighting ASB's dedication to its community during a period of widespread uncertainty. American Savings Bank has a long history, celebrating 100 years of serving Hawaii, and now, Teranishi's leadership is shaping both its present and future.
More recently, Teranishi spearheaded ASB's historic transition from being under Hawaiian Electric Industries ownership to becoming an independent, investor-owned bank in December 2024. This move marks a new chapter for ASB, requiring significant strategic planning and execution. The transition to independence is a major milestone, potentially allowing ASB greater flexibility and agility in responding to market dynamics and pursuing new growth opportunities. This shift is a signal of the bank's evolution and its commitment to long-term sustainability.
The recognition by Hawaii Business Magazine reflects Teranishi's ability to navigate complex challenges successfully. The bank's performance during the pandemic and its successful transition to independence showcase her ability to lead during times of crisis and change. The award acknowledges her dedication to modernizing operations and enhancing the customer experience. This also reflects ASB's commitment to investing in its teammates, providing the resources and opportunities they need to grow and thrive in a workplace and beyond, as stated by American Savings Bank's LinkedIn post. Teranishi's leadership provides valuable insights and lessons for Hawaii’s entrepreneurs, investors, and professionals in the financial sector.
