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Hawaii National Bank
Hawaii National Bank is a privately held community bank, with branch offices in Hilo, Hawai'i, Oahu, and Maui. The bank was established on September 19, 1960, in the Chinatown neighborhood of downtown Honolulu. In 1997, Hawaii National Bank had the highest percentage of small business loans (defined as loans of less than $ 250,000) of all the commercial banks in Hawaii. Further, in a report by the Office of Advocacy of the United States Small Business Administration, the bank was recognized as being the "most friendly" lender to small business in its asset size in Hawaii. The bank is also a is a certified participant in the Minority Bank Deposit Program administered by the United States Department of the Treasury The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and ... Financial ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Maui
The island of Maui (; Hawaiian: ) is the second-largest of the islands of the state of Hawaii at 727.2 square miles (1,883 km2) and is the 17th largest island in the United States. Maui is the largest of Maui County's four islands, which also includes Molokai, Lānai, and unpopulated Kahoolawe. In 2020, Maui had a population of 168,307, the third-highest of the Hawaiian Islands, behind that of Oahu and Hawaii Island. Kahului is the largest census-designated place (CDP) on the island with a population of 26,337 , and is the commercial and financial hub of the island. Wailuku is the seat of Maui County and is the third-largest CDP . Other significant places include Kīhei (including Wailea and Makena in the Kihei Town CDP, the island's second-most-populated CDP), Lāhainā (including Kāanapali and Kapalua in the Lāhainā Town CDP), Makawao, Pukalani, Pāia, Kula, Haikū, and Hāna. Etymology Native Hawaiian tradition gives the origin of the island's name in th ...
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Banks Established In 1960
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Banks Based In Hawaii
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Financial Management Service
The Financial Management Service (or FMS) was a bureau of the United States Department of the Treasury and provided several financial services for the federal government. On October 7, 2012, Secretary of the Treasury Timothy Geithner issued a directive merging the FMS with the Bureau of the Public Debt to form the new Bureau of the Fiscal Service. Services These services include centralized payment, collection, and reporting services, oversight of a daily cash flow of nearly $58 billion into and out of federal accounts, disbursement of more than $1.5 trillion to more than 100 million individuals via Social Security and veterans' benefits, issuance of tax refunds and other federal payments, collection of more than $2.67 trillion per year in payments to the government through financial institutions, and collection of delinquent debts owed to the government. FMS has a total of 2,100 employees located in its headquarters offices in Washington, DC, and Hyattsville, MD, and its five reg ...
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United States Department Of The Treasury
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and the U.S. Mint. These two agencies are responsible for printing all paper currency and coins, while the treasury executes its circulation in the domestic fiscal system. The USDT collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy. The department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes. The depart ...
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Small Business Administration
The United States Small Business Administration (SBA) is an independent agency of the United States government that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters". The agency's activities have been summarized as the "3 Cs" of capital, contracts and counseling. SBA loans are made through banks, credit unions and other lenders who partner with the SBA. The SBA provides a government-backed guarantee on part of the loan. Under the Recovery Act and the Small Business Jobs Act, SBA loans were enhanced to provide up to a 90 percent guarantee in order to strengthen access to capital for small businesses after credit froze in 2008. The agency had record lending volumes in late 2010. SBA helps lead the federal government's efforts to deliver 23 ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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Downtown Honolulu
Downtown Honolulu is the current historic, economic, and governmental center of Honolulu, the capital and largest city of the U.S. state of Hawaii. It is bounded by Nuuanu Stream to the west, Ward Avenue to the east, Vineyard Boulevard to the north, and Honolulu Harbor to the south. Both modern and historic buildings and complexes are located in the area, with many of the latter declared National Historic Landmarks on the National Register of Historic Places. Districts Downtown Honolulu can be subdivided into four neighborhoods, each with its own central focus and mix of buildings. These areas are the Capitol District, the Central Business District, Chinatown, and the Waterfront. Capitol District The Capitol District, or Civic Center, contains most of the federal, state, and city governmental buildings and is centered on the Hawaii State Capitol, Iolani Palace, and Honolulu Hale (city hall). It is roughly bounded by Richards Street on the west, Ward Avenue on the east, V ...
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Chinatown, Honolulu
The Chinatown Historic District is a neighborhood of Honolulu, Hawaii, known for its Chinese American community. It is one of the oldest Chinatowns in the United States. Geography There is conflicting information about the boundaries that make up Chinatown. One source identifies the natural boundary to the west as Honolulu Harbor, and to the north, Nuuanu stream. Beretania Street is usually considered the eastern boundary, and the southern boundary is Nuuanu Avenue, although the Chinatown Special District is considered to extend approximately a block and a half south of Nuuanu along Merchant Street. In total, the land area is . A few blocks to the east is the Hawaii Capital Historic District, and adjacent to the south is the Merchant Street Historic District. Alternatively, the Hawaiian language newspaper '' Nupepa Kuokoa'' described Taona Pake (Chinatown) in 1900 as "that whole area from West side of Kukui Street until the river mouth called Makaaho, then travel straight until ...
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