Here’s some business news from Hawaii Island and the state:
Bank of Hawaii Recognized Among America’s Top Regional Banks and Credit Unions
Bank of Hawaii has received a prestigious five-star rating from Newsweek magazine in its 2026 round-up of America’s Best Regional Banks and Credit Unions.
This recognition highlights institutions that are truly making a positive impact in their communities.
“We feel honored by this recognition from Newsweek, as it reflects the strong relationships we’ve nurtured with families and businesses here in Hawaii and the Western Pacific,” commented Peter Ho, Chairman and CEO of Bank of Hawaii. “It’s gratifying to know how much our customers trust us, and we’re thankful that we can support them for many years to come.”
The ranking stems from a comprehensive study that surveyed more than 140,000 individuals. Newsweek evaluated over 66,000 U.S. customers across various categories, including customer service, benefits, fees, and interest rates.
In addition, the research included insights from over 2.3 million social media reviews and upwards of 8 million app store reviews from platforms like Apple and Google Play.
New Stores Opening at Kings Shops
Kings Shops in Waikoloa has announced the launch of several new stores.
Manta Jewelry, which opened in November, showcases fine jewelry inspired by manta rays and the marine life surrounding Hawaii Island.
The local brand Happy Wahine is set to debut in January 2026, featuring bags, wallets, and travel accessories adorned with island-themed prints.
Paint Aloha, an art studio and boutique, will also be opening early next year, offering island-inspired artwork and creative experiences.
For more details, you can visit the Kings shop website.
Hawaii Retailer Appoints Erdmann as Interim President and CEO
Dave Erdman has been named the interim president and CEO of Hawaii Retail Merchants, effective January 2026.
Erdman, who has been part of Hawaii Retail Merchants for over 30 years, will guide the organization through this leadership transition as a search for a permanent CEO progresses.
“We’re confident in Dave’s extensive experience and commitment. [Retail Merchants of Hawaii] is looking to provide stable leadership during this crucial period,” said Darcy Lindamood, chair of the Board, about Erdman’s new role.
Well-regarded as an innovator in the industry, Erdman previously founded and led PacRim Marketing Group/Vector USA and PRTech. His focus was on strategic media communications, public relations, digital marketing, and business development, while also contributing to various community organizations.
“Now, more than ever, it’s crucial for Hawaii’s retail and tourism sectors to have a strong, unified organization,” Erdman stated. “I’m eager to collaborate with the Board, our members, and community leaders to advance our shared mission.”
New Cultural Tourism Framework Announced by Hawaiian Council and Ko Olina
The Hawaiian Council, the largest Native Hawaiian-led organization focused on cultural and community development, has revealed a cultural framework designed with Ko Olina to promote a new tourism model for the islands.
“As Native Hawaiians, our culture encompasses the stories and responsibilities tied to our home,” said Kuhio Lewis, CEO of the Hawaiian Council, regarding the framework. “Our initiative at Ko Olina goes beyond simple programs; it’s about creating a foundation that honors our heritage and ensures that Hawaii’s narratives are voiced by our people.”
This framework integrates cultural, hospitality, and community interests into the fabric of Ko Olina, ensuring its long-term vision aligns with Native Hawaiian leadership and stewardship. It aims to foster a sense of belonging for both visitors and residents.
A key highlight of this framework is Pico at Ko Olina, an 18-acre cultural preserve situated near the Lanikuhonua Royal Estate in Kapolei, Oahu, which aims to serve as a gathering space for the community.
As the Paradise Cove Luau is set to close in December, Ko Olina, along with its resort partners, is supporting a new cultural performance residency orchestrated by the Hawaiian Council, with two major productions scheduled for 2026.
There’s a broader effort to develop a culturally centered resort that benefits both residents and tourists, including workforce programs to help locals pursue careers in hospitality and arts.
Hawaii Construction Industry Association Honors Award Recipients
The Hawaii Construction Industry Association has announced its 2025 Industry Award Winners, celebrating exceptional members and leaders in the community who have contributed significantly to enhancing the state’s construction sector.
“This year marks our 70th anniversary, and the honorees exemplify what it means to be outstanding professionals in building,” remarked Rozan Freitas, CEO of the Hawaii Building Industry Association. “Their work not only shapes our communities but also inspires us to strive for excellence.”
Award Winners Include:
- 2025 Lifetime Achievement Award: Karen Nakamura.
- 2025 Builder of the Year: Chad Hilwe (Hilwe Construction).
- 2025 Associate of the Year: Kamuela Potter (Inspired Closet Hawaii).
- 2025 Developer of the Year: Mark Linker (Gentry Homes).
- 2025 Professional Contractor of the Year: Clifton Crawford (Pacific Aquascapes).
- 2025 Supplier of the Year: Kevin Murray (PHAD Home Appliances).
- 2025 Affiliate of the Year: Jacob Karasik (Gentry Homes).
- 2025 Presidential Choice: Gina Thielen (Complete Construction Services Corp.).
- 2025 Kokua Nui Award: Ramona Mullahy (U.S. Department of Housing and Urban Development).
Bank of Hawaii Employees Raise $623,000 for Local Nonprofits
Employees and retirees of Bank of Hawaii collectively raised $623,000 for Aloha United Way during the bank’s largest annual fundraising event, the 2025 Live Kokua Giving Campaign. This marks the 15th time the campaign has supported numerous local organizations, including over 300 Aloha United Way partner nonprofits.
Since the campaign’s inception in 2010, employees have contributed more than $9.4 million to nonprofits across Hawaii and the Western Pacific.
This year, proceeds from corporate events have been allocated to various organizations, such as:
- U.S. Veterans of Hawaii.
- Hawaii Health & Harm Reduction Center.
- ‘Oh, Punana Leo.
- Domestic Violence Action Center.
- Child & Family Services.
- Girl Scouts of Hawaii.
- Hawaii Junior Achievement.
“It’s inspiring to witness the generosity and commitment that our Ohana Bank team has shown in this initiative,” said Peter Ho, Chairman and CEO of Bank of Hawaii. “This campaign embodies the spirit of our team, and it’s rewarding to see us come together to uplift nonprofits that play important roles in our communities.”
