Ohana Pacific Bank Rates & Review

Ohana Pacific Bank Review

Established in 2006, Ohana Pacific Bank is a commercial bank based in Honolulu, Hawaii. The institution offers commercial and retail banking services to individuals, professionals, and small- to medium-size businesses with a special focus on Hawaii's Korean community.

Products and services are offered to customers with a special emphasis on Hawaiian residents who are of Korean descent. The bank offers assistance in Korean and English. Bank employees are involved in local community groups and service organizations.

Personal banking

The bank offers several checking accounts for individuals. Personal customers also can open a savings account, money market account, or CD with various terms. For those who need to borrow money, the bank offers home equity lines of credit, personal lines of credit, personal loans, auto loan, and mortgages.

Business banking

Business customers can choose from a Business Interest Checking Account or Corporate Checking, as well as a money market and savings account. Ohana Pacific Bank also offers business lines of credit, business term loans, commercial mortgages, and Small Business Administration (SBA) term loans.

The bank also offers credit cards to personal and business customers. Other products and services include traveler's checks, wire transfers, and online banking.

Deposit insurance

Ohana Pacific Bank is a member bank of the Federal Deposit Insurance Corporation. FDIC coverage for eligible deposits was permanently increased from $100,000 to $250,000 per depositor in July 2010. Joint accounts are insured by FDIC up to at least $250,000 per account holder.

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