First Hawaiian Bank: Hawaii/Guam

(Hagåtña, Guam, March 21, 2007) - First Hawaiian Bank will begin offering 95% financing on residential loan values in Guam, according to a statement by Laura-Lynn V. Dacanay, senior vice president and region manager Guam and CNMI.

“We are pleased to be offering this new 95% financing option, making it easier for first-time buyers and homeowners wanting to trade up to be able to achieve their homeownership dreams,” said Dacanay. “First Hawaiian Bank offers more lending options than any other lender on Guam. The bank remains committed to creating opportunities to strengthen Guam's economy while meeting the needs of the community.”

The 95% value on residential loan financing applies only to the purchase of owner occupied single family dwellings and eligible condominiums. Maximum loan amount is $625,500. It is available on fixed 15-, 30-, 40-year fixed rate mortgages as well as adjustable rates of 1/1, 3/1, 5/1 and 10/1.

In addition to the current tax deduction on mortgage payments, the Federal Government has approved tax deductions on first-year premiums paid on mortgage insurance for 2007.

First Hawaiian Bank ($12.0 billion assets) was founded in 1858 and is Hawaii's oldest and largest bank. It has 57 branches in Hawaii, three on Guam and two on Saipan. It is a subsidiary of BancWest Corporation, a financial holding company with assets of $67.3 billion.

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