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First Hawaiian Bank reports solid first half

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PRESS RELEASE - First Hawaiian Bank reported first half 2011 net income of $107.1 million, up a modest 1% over the first half of 2010.  Second quarter net income of $54.5 million, was equal to the comparable quarter of 2010.  Total deposits grew 11.6 percent to a record $11.7 billion.  The announcement was made today by Don Horner, First Hawaiian Bank chairman and chief executive officer.

"Overall, the bank continued to perform well, with consistent core earnings and strong asset quality," Horner said.  "First Hawaiian remains committed and well positioned to supporting our customers especially during these challenged economic times.  We remain in a sluggish, jobless recovery in part because of the weakness in our construction sector.  However, both the tourism and retail sectors are produc

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