Territorial Savings, a division of Bank of Hope, is offering its "Hope 4 the Future" scholarship, reinforcing its commitment to the community and education. The scholarship prioritizes students demonstrating academic excellence, leadership, and financial need. This initiative provides a boost to local students, offering financial assistance and fostering a commitment to educational attainment within Hawaii.
The scholarship announcement comes at a time of significant change in the Hawaiian banking landscape. Bank of Hope and Territorial Bancorp completed their merger in April 2025. Business Wire reported that the combined entity, operating under the Territorial Savings brand, aims to maintain its dedication to local communities and strengthen its presence in Hawaii. This move makes Bank of Hope the largest regional bank catering to multi-cultural customers across the United States and Hawaii, enhancing the bank's capacity to support local initiatives like the scholarship program.
This scholarship program also reflects Bank of Hope's broader strategy in Hawaii. While the bank is focused on community support, it is important to note that deposits held under the names of Bank of Hope and Territorial Savings are not separately insured. TSB Hawaii explains that deposits from both banks are combined for federal insurance purposes. This detail is important for individuals engaging with the bank.
Bank of Hawaii, a separate financial institution, is also showing a commitment to Hawaii's communities. Maui Now reported on Bank of Hawaii’s opening of a new branch in Lahaina, along with a $100,000 donation to support residents. These kinds of investments highlight the competitive and community-focused nature of the banking sector in Hawaii, creating more available financial resources for residents.
