American Savings Bank is a Hawaii-based national bank offering personal and business banking, mortgages, loans, credit cards, and investment services through branches, online, and mobile platforms.
Data compiled from public sources · Rating from CreditDoc methodology
American Savings Bank, National Association is a full-service bank headquartered in Hawaii with a strong local presence across the islands. The bank has built its reputation around serving Hawaii residents and businesses since being voted one of Hawaii's Best Banks since 2018. ASB operates as a traditional national bank with both personal and commercial banking divisions, maintaining physical branch locations throughout Hawaii while offering comprehensive digital banking services.
ASB's service portfolio spans personal banking (checking, savings, CDs, mortgages, home equity lines of credit, personal loans, credit cards), business banking (commercial checking, savings, cash management, commercial real estate loans, merchant services), and investment services through partnerships with Cetera and Franklin Madison Group LLC. 10% APY), online and mobile banking available 24/7, ATM networks, wire transfers, and foreign currency exchange. They also provide student loan options through College Ave and financial education through free courses designed by Banzai.
5 million collectively. The bank emphasizes waived monthly service fees on personal checking accounts, no-fee services on various transactions, and a user-friendly mobile app that was recognized as one of Hawaii's best-ranked online banking apps. ASB also positions itself around customer accessibility with features like low-vision accessibility options and dedicated customer service for both personal and business clients.
ASB is a legitimate, FDIC-insured national bank with a routing number (321370765) and established physical presence. However, as a regional bank focused primarily on Hawaii, it has geographic limitations for customers outside the islands. The bank's product offerings are standard for traditional banks and not particularly innovative compared to fintech competitors, though this may appeal to customers preferring established institutions over digital-only banks.
American Savings Bank, National Association processed 2,359 mortgage applications in 2023, approving 64.9% of applicants across 4 states.
2,359
Applications
64.9%
Approval Rate
$364K
Avg Loan
4
States Served
Based on 2,359 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
American Savings Bank, National Association offers 12 services including Personal checking and savings accounts, Certificates of Deposit (CDs), Mortgages (home purchase and refinance), Home Equity Lines of Credit (HELOC), Personal loans and lines of credit, and 7 more.
American Savings Bank, National Association is best suited for Hawaii residents seeking local banking with community-focused rewards and merchant discounts, Small business owners and commercial entities operating in Hawaii requiring business banking services, Mortgage borrowers in Hawaii wanting local lender relationships and in-person support, Customers prioritizing established, FDIC-insured banking over fintech alternatives.
Key strengths: Exclusive Buy Local Hawaii program providing discounts at 125+ local merchants with ASB Visa debit card; No monthly service fee on personal checking accounts (with qualifying conditions); Competitive CD rates advertised at 3.10% APY for 6-month terms. Areas to consider: Geographic limitation: primarily serves Hawaii; limited accessibility for mainland customers; No mention of competitive rates compared to national banks or online-only banks on checking/savings products.
In the Banks category, comparable providers include Bank of Hawaii, Central Pacific Bank, Finance Factors, Ltd.. Each company has different strengths — compare services, pricing, and consumer complaint records to find the best fit.
CreditDoc Diagnosis
American Savings Bank is best for Hawaii residents and businesses seeking comprehensive banking services with strong local community integration and merchant rewards. The primary caveat is geographic limitation—this bank is designed for Hawaii-based customers and offers limited value to mainland users without Hawaii ties.
Bank of Hawaii is a 125-year-old regional bank serving Hawaii, Guam, and Saipan with FDIC-insured deposits, checking/savings accounts, credit cards, and investment services.
Best for: Hawaii, Guam, and Saipan residents seeking comprehensive local banking with community relationship focus, Homeowners looking for residential lending products and HELOCs with a local Hawaii lender
Central Pacific Bank is a full-service bank offering personal checking, savings, loans, mortgages, credit cards, and wealth management services through digital and branch channels.
Best for: Small business owners seeking integrated business banking, lending, and merchant services, High-net-worth individuals interested in private banking, trust services, and investment management
Hawaii-based mortgage lender offering fixed-rate home loans with FDIC insurance backing. Serves owner-occupants in Hawaii counties with competitive rates and a loan officer network.
Best for: Owner-occupants in Hawaii seeking fixed-rate mortgages with FDIC-insured banking services, Hawaii residents who may have faced mortgage rejections and want to explore alternative lending options
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