The Bank of Hawaii Corporation (; abbreviated BOH) is a regional commercial bank headquartered in Honolulu, Hawaii. It is Hawaii's second oldest bank and its largest locally owned bank in that the majority of the voting stockholders reside within the state. Bank of Hawaii has the most accounts, customers, branches, and ATMs of any financial institution in the state (although BancWest's First Hawaiian Bank holds a greater number of dollars in deposits). The bank consists of four business segments: retail banking, commercial banking, investment services, and treasury. The bank is currently headed by chairman, president and chief executive officer, Peter S. Ho. Beginnings In 1893, Charles Montague Cooke (1849–1909) with his brother-in-law Joseph Ballard Atherton and business partner Peter Cushman Jones founded Bank of Hawaii. In 1897, it was chartered in the Republic of Hawaii by Interior Minister James A. King. A decade after its founding, in 1903, the bank opened its first branch in Kauai. In 1922, the bank acquired First Bank of Hilo, which had four branches. In 1930, it amalgamated Bank of Maui. Bank of Maui Charles Dexter Lufkin organized First National Bank of Wailuku in 1901. Five years later, he had organized Lahaina National Bank. Then he organized the First National Bank of Paia in 1913. Lastly, in 1917, First National Bank of Paia merged with Lahaina National Bank and First National Bank of Wailuku to form Bank of Maui. Activities in Hawaii since 1971 In 1971, BOH formed a bank holding company called Hawaii Bancorporation. In 1979, Hawaii Bancorporation changed its name to Bancorp Hawaii. In 1985, BOH as Bancorp Hawaii acquired the Hawaiian Trust Company for $19 million. In 1990, BOH as Bancorp Hawaii acquired FirstFed America Inc. with its First Federal Savings and Loan Association in Hawaii and First Savings of Guam subsidiaries for $141 million in cash. First Federal Savings was maintained as a separate entity until 1998 when it was merged into the Bank of Hawaii. Bancorp Hawaii changed its name to Pacific Century Financial Corporation (PCFC) in 1997. Large drop in the firm's stock in early 2000 caused by bad loans and quick expansion outside of the firm's core business of Hawaii, Guam, and American Samoa led to a change in management. BOH as Pacific Century Financial Corporation sold off its credit card division to American Express for an undisclosed amount in 2001. In 2002, Pacific Century Financial Corporation was