Ann Teranishi, President and CEO of American Savings Bank (ASB), has been recognized as CEO of the Year by Hawaii Business Magazine, a testament to her exceptional leadership during a period of significant change and challenge. The magazine's December issue features an exclusive interview with Teranishi, delving into the strategies and vision that guided ASB through both the COVID-19 crisis and its recent transition to an independent, investor-owned bank in 2024. Jennifer Ablan shared the news on LinkedIn, highlighting the magazine's focus on leadership during times of crisis.
Teranishi's leadership was crucial in navigating the economic downturn caused by the pandemic. Her ability to maintain stability and adapt to changing market conditions was a key factor in ASB’s resilience. Furthermore, the interview likely explored the intricacies of ASB’s transition from being part of Hawaiian Electric Industries, a move that positioned the bank for greater autonomy and strategic flexibility. This shift is a significant milestone for a major financial institution in Hawaii, impacting local investors and the broader business landscape.
ASB's commitment to community involvement and financial education, as seen in the Hui Kapili program, is another facet of Teranishi's leadership. This initiative, which supports local construction businesses, has been recognized by the American Bankers Association Foundation. Maui Now reported on the program’s accolades, demonstrating ASB's dedication to strengthening the local economy.
Beyond external recognition, ASB’s internal culture and employee engagement strategies likely played a role in Teranishi's success. The bank's workplace giving program, as reported by American Savings Bank, demonstrates a commitment to community impact. This is further reinforced by ASB’s centennial celebration and the launch of the ASB Charitable Foundation, which highlight the company’s legacy of community contributions. Ann Teranishi's leadership reflects a dedication to both financial success and the well-being of the communities it serves, solidifying her status as a respected leader in Hawaii's financial sector.
