First Hawaiian Bank: Business Activity on Guam Up 4.72% in Second Quarter

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Hagåtña, Guam – (August 14) –The second quarter 2014 First Hawaiian Bank Business Activity Report (BAR) for Guam showed an increase of 4.72 percent in “same store” credit and debit card sales transactions over the second quarter of 2013, according to Laura Dacanay, First Hawaiian Bank senior vice president and Guam and CNMI region manager.  

“We were pleased to see this second consecutive quarter of positive growth over all with 7 out of 11 sectors posting positive growth,” stated Dacanay. “The top four sectors with double digit gains were made by Utilities, Hotels, Home Improvement and Insurance. This was the fourth consecutive quarter that Utilities topped the list.”

The Guam BAR tracks credit and debit card sales activity in 11 different economic sectors including retail, hotel, home improvement, restaurants, and travel activities, among others. First Hawaiian’s Guam BAR provides a broad measure of economic activity.

First Hawaiian Bank is a major card processor of debit and credit card sales transactions. In 2013, the bank processed over $4.4 billion worth of credit and debit card sales transactions in Hawaii, U.S. Mainland, Guam and CNMI.

First Hawaiian Bank (www.fhb.com) with assets of some $17.5 billion, was founded in 1858 and is the largest and oldest bank in Hawaii. First Hawaiian Bank has nearly 7,000 merchant locations throughout Hawaii, U.S. Mainland, Guam and CNMI and processes all major U.S. credit cards as well as JCB, China Union Pay and BC Global.