Territorial Savings Bank

What Territorial Savings Bank does

Territorial Savings Bank is a Hawaii-based community bank founded in 1921 (originally as Kaimuki Building & Loan Association) that operates 28 branches across the four major Hawaiian islands — Oahu, Maui, Kauai, and Hawaii (Big Island). Following its April 2, 2025 merger with Bank of Hope (Hope Bancorp Inc., NASDAQ:HOPE), the company now operates as Territorial Savings, a division of Bank of Hope, while preserving its century-old local brand, branch network, and product terms.

The bank serves Hawaii consumers, small businesses, and homebuyers through a full-service retail and commercial banking platform. Personal products include multiple checking tiers (Hawaii's Best Checking, Basic Checking, Student/Teen Checking, Club 55 for 55+), savings products (Statement Savings, Keiki Savings, Student Savings), certificates of deposit (3-60 month terms plus a 3.70% APY 12-month special), IRAs, and Visa debit and credit cards (issued via Elan Financial Services). Mortgage lending is a core focus, featuring specialized programs tailored to Hawaii's real estate market: P&L programs for self-employed borrowers, WVOE programs for wage earners, DSCR programs for rental property investors, and asset qualifier programs. Business banking includes three checking tiers (Plans A/B/C), business savings, money market, business CDs, SEP IRAs, and merchant services.

Distribution combines 28 physical branches with a digital platform (iOS/Android mobile app, online banking, Zelle P2P payments, Apple/Google/Samsung Pay, mobile check deposit, Notifi alerts, card controls) and 75,000+ surcharge-free ATMs via Allpoint and MoneyPass. Revenue is generated through net interest income on the loan portfolio (primarily Hawaii mortgages) minus deposit interest costs, supplemented by account fees, wire transfer fees, foreign currency exchange across 12 currencies, and credit card interchange through Elan. The bank's value proposition rests on local presence, specialized Hawaii mortgage expertise, FDIC-insured deposits through Bank of Hope, and 100+ years of Hawaii-specific banking relationships rather than scale, technology differentiation, or product breadth beyond traditional community banking.

Name

Territorial Savings Bank

Legal name

Territorial Savings, a division of Bank of Hope

Website

https://tsbhawaii.bank

Company type

Private

Founded year

1921

Operating status

Operating

Headcount range

251–500 employees

Short description

Territorial Savings Bank is a Hawaii community bank operating 28 branches across Oahu, Maui, Kauai, and Hawaii Island, now a division of Bank of Hope after April 2025, serving consumers, small businesses, and homebuyers with deposits, specialized mortgage lending, and digital banking.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (52211)

SIC

Savings Institution, Federally Chartered (6035), National Commercial Banks (6021)

akta.pro primary industry

Savings Banks (Public/State-Owned) (FSABAKAK)

akta.pro secondary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking
• Mortgage lending
• Consumer deposits
• Business banking
• Digital banking

Headquarters

HQ city

Honolulu

HQ country

United States

HQ region

North America

Offices29 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest earned on loan portfolio (primarily mortgage lending in Hawaii) minus interest paid on deposits. Core banking revenue stream from traditional lending and deposit-taking operations.
2. Fee-based Income: Various service fees including account maintenance, transaction fees, wire transfers, ATM fees, and card-related charges. Also includes fee income from credit cards issued through Elan Financial Services partnership.
3. Foreign Currency Exchange: Revenue from foreign currency exchange services offered to customers for multiple currencies including AUD, CAD, CNY, EUR, HKD, JPY, KRW, NZD, PHP, SGD, THB, and GBP.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Territorial Savings Bank is a Hawaii community bank that provides consumer and business deposit accounts (checking, savings, money market, CDs, IRAs), mortgage lending with specialized programs for Hawaii's real estate market, consumer and business credit cards issued through Elan Financial Services, and supporting services such as wire transfers, foreign currency exchange, and 24/7 digital banking. Following its April 2025 merger with Bank of Hope, the company operates 28 branches across Oahu, Maui, Kauai, and Hawaii Island as "Territorial Savings, a division of Bank of Hope."

Product overview

Territorial Savings Bank operates as a division of Bank of Hope following an April 2025 merger, offering a comprehensive suite of personal and business banking products and services. The core offerings include multiple checking account types (Hawaii's Best Checking, Basic Checking, Student Checking, Teen Checking, Club 55), savings products (Statement Savings, Keiki Savings, Student Savings, Certificates of Deposit, IRAs), mortgage loans with specialized programs (30-year fixed, P&L, WVOE, DSCR, asset qualifier), and business banking services (Plans A, B, C for business checking, business savings, money market, CDs, and SEP). Digital banking capabilities encompass Mobile Banking and Online Banking platforms with integrated features including Zelle peer-to-peer payments, Bill Payment, Apple Pay/Google Pay/Samsung Pay mobile wallets, Mobile Check Deposit, Notifi Alerts, and Card Control. Credit products include Consumer and Business Credit Cards through Elan Financial Services. Additional services round out the portfolio with Wire Transfers, Foreign Currency Exchange, and Financial Calculators.

Differentiator

Problem solved

Functional benefit

Products and services

• Hawaii's Best Checking

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature7 records

Partnerships

Three partnerships are on record, tiered core.

• Bank of HopecoreStrategic or Co-development Partner · 2 April 2025Territorial Savings completed its merger with Bank of Hope on April 2, 2025. The company now operates as 'Territorial Savings, a division of Bank of Hope.' This merger expanded Bank of Hope's presence into Hawaii, making it the largest regional bank serving multicultural customers across the continental US and Hawaii. All Territorial Savings accounts and agreements are now under Bank of Hope as the legal entity, while account terms remain unchanged.
• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services provides credit card issuance and processing for Territorial Savings. Elan issues consumer and business Visa credit cards under license from Visa and Mastercard. Elan also provides zero liability protection for unauthorized transactions and 24/7 cardmember service.
• Early Warning Services (Zelle)coreTechnology or IntegrationTerritorial Savings offers Zelle P2P payment services through its online and mobile banking platforms. Zelle enables customers to send and receive money directly between bank accounts using email or mobile phone numbers. Funds are typically available within minutes for enrolled users.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Hawaii State Federal Credit Union: Largest credit union in Hawaii offering consumer deposits, mortgage lending, and consumer banking. Competes for the same household deposit and mortgage relationships across the islands.
• Bank of Hawaii: Largest Hawaii-headquartered commercial bank, operating a comparable full-service branch network across the Hawaiian islands. Direct competitor for retail deposits, mortgages, and small business banking in the same geographies Territorial serves.
• First Hawaiian Bank: Second major Hawaii-headquartered community/commercial bank with extensive branch coverage across the islands. Competes directly with Territorial for consumer deposits, mortgage lending, and business banking relationships in Hawaii.
• HomeStreet Bank: Community-oriented savings bank with a strong mortgage lending focus; comparable business model of deposit-funded mortgage origination and branch-based retail banking, providing a useful functional comp outside Hawaii.
• American Savings Bank (Hawaii): Hawaii-focused community savings bank offering deposit accounts, mortgages, and consumer lending across the islands. Closely comparable in business model — savings-led funding, mortgage-led lending, local branch focus.
• Central Pacific Bank: Hawaii-based community bank providing consumer and commercial banking across the islands. Competes with Territorial in retail deposits, small business banking, and residential mortgage lending.
• Hawaii National Bank: Smaller Hawaii-based community bank offering personal and business banking products. Direct geographic peer competing for similar customer segments within the same island markets.

Broad incumbents

• Hope Bancorp (Bank of Hope): Parent company of Territorial Savings following the April 2025 merger; the largest regional bank serving multicultural customers in the continental U.S. Provides the corporate platform, capital, and broader product set that Territorial now plugs into.
• Pacific Premier Bancorp: Regional community bank with diversified deposit and lending franchises across multiple U.S. markets. Relevant comparable for community-bank economics, mortgage exposure, and deposit pricing dynamics.
• New York Community Bancorp (Flagstar): Multi-state regional bank with a savings-bank heritage, heavy mortgage origination, and large branch network. Provides a comparable for deposit-funded residential lending economics and community-bank operating leverage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/territorial-savings-bank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Territorial Savings Bank