Bank of Hawaii Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.000% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B

Bank of Hawaii Corp. is a bank holding company, which engages in the provision of financial services. The company is headquartered in Honolulu, Hawaii and currently employs 1,866 full-time employees. The firm provides a range of financial products and services primarily to customers in Hawaii, Guam, and other Pacific Islands. The company is also engaged in securities brokerage, investment advisory services and providing credit insurance. The company operates through three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers a range of financial products and services, including loan, deposit and insurance products; private banking and international client banking services; trust services; investment management; and institutional investment advisory services. The Commercial Banking segment offers products, including corporate banking, commercial real estate loans, commercial lease financing, auto dealer financing and deposit products. The Treasury consists of corporate asset and liability management activities, including interest rate risk management and a foreign currency exchange business.