American Savings Bank likely says aloha to its American customers and their savings. As Hawaii's third-largest financial institution (behind Bankoh and First Hawaiian Bank), $5 billion-asset American Savings Bank operates more than 55 branches across the state's five main islands; many of its locations have extended hours and are open on weekends. In addition to traditional deposit accounts, mortgages, credit cards, and business and consumer loans, the bank also offers insurance, investments, and financial planning. Residential mortgages secured by Hawaiian real estate comprise the majority of its loan portfolio. Parent company Hawaiian Electric Industries announced plans to spin off American Savings Bank in December 2014.