Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 (1)\ue000 has\ue000 filed\ue000 all\ue000 reports\ue000 required\ue000 to\ue000 be\ue000 filed\ue000 by\ue000 Section\ue000 13\ue000 or\ue000 15(d)\ue000 of\ue000 the\ue000 Securities\ue000 Exchange\ue000 Act
of\ue000 1934\ue000 during\ue000 the\ue000 preceding\ue000 12\ue000 months\ue000 (or\ue000 for\ue000 such\ue000 shorter\ue000 period\ue000 that\ue000 the\ue000 registrant\ue000 was\ue000 required\ue000 to\ue000 file\ue000 such\ue000 reports),\ue000 and\ue000 (2)\ue000 has\ue000 been
subject\ue000 to\ue000 such\ue000 filing\ue000 requirements\ue000 for\ue000 the\ue000 past\ue000 90\ue000 days.

Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 disclosure\ue000 of\ue000 delinquent\ue000 filers\ue000 pursuant\ue000 to\ue000 Item\ue000 405\ue000 of\ue000 Regulation\ue000 S-K\ue000 (Section\ue000 229.405\ue000 of\ue000 this\ue000 chapter)\ue000 is\ue000 not
contained\ue000 herein,\ue000 and\ue000 will\ue000 not\ue000 be\ue000 contained,\ue000 to\ue000 the\ue000 best\ue000 of\ue000 registrant's\ue000 knowledge,\ue000 in\ue000 definitive\ue000 proxy\ue000 or\ue000 information\ue000 statements\ue000 incorporated\ue000 by
reference\ue000 in\ue000 Part\ue000 III\ue000 of\ue000 this\ue000 Form\ue000 10-K\ue000 or\ue000 any\ue000 amendment\ue000 to\ue000 this\ue000 Form\ue000 10-K.\ue000\u02dd

Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 large\ue000 accelerated\ue000 filer,\ue000 an\ue000 accelerated\ue000 filer,\ue000 a\ue000 non-accelerated\ue000 filer,\ue000 or\ue000 a\ue000 smaller\ue000 reporting company.\ue000 See\ue000 the\ue000 definitions\ue000 of\ue000 "large\ue000 accelerated\ue000 filer,"\ue000 "accelerated\ue000 filer"\ue000 and\ue000 "smaller\ue000 reporting\ue000 company"\ue000 in\ue000 Rule\ue000 12b-2\ue000 of\ue000 the\ue000 Exchange Act.\ue000 (Check\ue000 one):

The\ue000 aggregate\ue000 market\ue000 value\ue000 of\ue000 the\ue000 registrant's\ue000 outstanding\ue000 voting\ue000 common\ue000 stock\ue000 held\ue000 by\ue000 non-affiliates\ue000 on\ue000 June\ue000 30,\ue000 2008\ue000 (the\ue000 last\ue000 business\ue000 day of\ue000 the\ue000 registrant's\ue000 most\ue000 recently\ue000 completed\ue000 second\ue000 fiscal\ue000 quarter),\ue000 determined\ue000 using\ue000 the\ue000 per\ue000 share\ue000 closing\ue000 price\ue000 on\ue000 that\ue000 date\ue000 on\ue000 the\ue000 New\ue000 York Stock\ue000 Exchange\ue000 of\ue000 $47.80,\ue000 was\ue000 approximately\ue000 $2,262,211,719.\ue000 There\ue000 was\ue000 no\ue000 non-voting\ue000 common\ue000 equity\ue000 of\ue000 the\ue000 registrant\ue000 outstanding\ue000 on\ue000 that date.

The\ue000 Parent's\ue000 principal\ue000 and\ue000 only\ue000 operating\ue000 subsidiary,\ue000 Bank\ue000 of\ue000 Hawaii\ue000 (the\ue000 "Bank"),\ue000 was\ue000 organized\ue000 on\ue000 December\ue000 17,\ue000 1897\ue000 and\ue000 is\ue000 chartered\ue000 by the\ue000 State\ue000 of\ue000 Hawaii.\ue000 The\ue000 Bank's\ue000 deposits\ue000 are\ue000 insured\ue000 by\ue000 the\ue000 Federal\ue000 Deposit\ue000 Insurance\ue000 Corporation\ue000 (the\ue000 "FDIC")\ue000 and\ue000 the\ue000 Bank\ue000 is\ue000 a\ue000 member\ue000 of the\ue000 Federal\ue000 Reserve\ue000 System.

The\ue000 Bank\ue000 provides\ue000 a\ue000 broad\ue000 range\ue000 of\ue000 financial\ue000 services\ue000 and\ue000 products\ue000 primarily\ue000 to\ue000 customers\ue000 in\ue000 Hawaii\ue000 and\ue000 the\ue000 Pacific\ue000 Islands\ue000 (Guam,\ue000 nearby islands,\ue000 and\ue000 American\ue000 Samoa).\ue000 References\ue000 to\ue000 "we,"\ue000 "our,"\ue000 "us,"\ue000 or\ue000 "the\ue000 Company"\ue000 refer\ue000 to\ue000 the\ue000 holding\ue000 company\ue000 and\ue000 its\ue000 subsidiaries\ue000 that\ue000 are consolidated\ue000 for\ue000 financial\ue000 reporting\ue000 purposes.

The\ue000 Bank's\ue000 subsidiaries\ue000 include\ue000 Bank\ue000 of\ue000 Hawaii\ue000 Leasing,\ue000 Inc.,\ue000 Bankoh\ue000 Investment\ue000 Services,\ue000 Inc.,\ue000 Pacific\ue000 Century\ue000 Life\ue000 Insurance\ue000 Corporation,
Triad\ue000 Insurance\ue000 Agency,\ue000 Inc.,\ue000 Bank\ue000 of\ue000 Hawaii\ue000 Insurance\ue000 Services,\ue000 Inc.,\ue000 Pacific\ue000 Century\ue000 Insurance\ue000 Services,\ue000 Inc.,\ue000 Bankoh\ue000 Investment
Partners,\ue000 LLC,\ue000 and\ue000 Bank\ue000 of\ue000 Hawaii\ue000 International,\ue000 Inc.\ue000 The\ue000 Bank's\ue000 subsidiaries\ue000 are\ue000 engaged\ue000 in\ue000 equipment\ue000 leasing,\ue000 securities\ue000 brokerage\ue000 and

We\ue000 are\ue000 aligned\ue000 into\ue000 four\ue000 business\ue000 segments\ue000 for\ue000 management\ue000 reporting\ue000 purposes:\ue000 Retail\ue000 Banking,\ue000 Commercial\ue000 Banking,\ue000 Investment\ue000 Services,
and\ue000 Treasury.\ue000 See\ue000 Table\ue000 9\ue000 of\ue000 Management's\ue000 Discussion\ue000 and\ue000 Analysis\ue000 of\ue000 Financial\ue000 Condition\ue000 and\ue000 Results\ue000 of\ue000 Operation\ue000 ("MD&A")\ue000 and\ue000 Note\ue000 12
to\ue000 the\ue000 Consolidated\ue000 Financial\ue000 Statements\ue000 for\ue000 more\ue000 information.

Our\ue000 annual\ue000 report\ue000 on\ue000 Form\ue000 10-K,\ue000 quarterly\ue000 reports\ue000 on\ue000 Form\ue000 10-Q,\ue000 current\ue000 reports\ue000 on\ue000 Form\ue000 8-K,\ue000 and\ue000 all\ue000 amendments\ue000 to\ue000 those\ue000 reports\ue000 can\ue000 be
found\ue000 free\ue000 of\ue000 charge\ue000 on\ue000 our\ue000 website\ue000 at\ue000 www.boh.com\ue000 as\ue000 soon\ue000 as\ue000 reasonably\ue000 practicable\ue000 after\ue000 such\ue000 material\ue000 is\ue000 electronically\ue000 filed\ue000 with\ue000 or
furnished\ue000 to\ue000 the\ue000 U.S.\ue000 Securities\ue000 and\ue000 Exchange\ue000 Commission\ue000 (the\ue000 "SEC").\ue000 The\ue000 SEC\ue000 maintains\ue000 a\ue000 website,\ue000 www.sec.gov,\ue000 which\ue000 contains\ue000 reports,