First Hawaiian, Inc. Announces Retirement of Vice Chairman and Leadership Transition in Wealth Management

Rhea-AI Summary

First Hawaiian, Inc. (NASDAQ: FHB) announced that Vice Chairman Alan Arizumi will retire effective April 3, 2026 after more than 40 years with the company. Executive Vice President Michael Tottori will assume responsibility for the Wealth Management Group and join the senior management committee.

The transition emphasizes internal succession: Arizumi led wealth management since 2013 and Tottori has held leadership roles since returning in 2005, with promotions in 2020 and 2024.

Positive

• Planned succession with internal promotion to wealth management leadership
• Continuity preserved by promoting an executive with long tenure and industry experience
• Clear effective date for transition: April 3, 2026

Negative

• Loss of 40+ years of institutional experience with Arizumi's retirement
• Leadership transition risk during change in wealth management oversight

HONOLULU , Feb. 23, 2026 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ: FHB) (“First Hawaiian” or the “Company”) announced today that Alan Arizumi, vice chairman of First Hawaiian, Inc. and First Hawaiian Bank, will retire effective April 3, 2026, following more than 40 years of service.

“Alan has been a key member of our senior management team and has made lasting contributions to First Hawaiian Bank,” said Bob Harrison, chairman, president and CEO. “His leadership across multiple areas of the bank reflects the breadth of his experience and his commitment to developing people and serving our communities.”

Arizumi joined First Hawaiian Bank in 1983 and has served on the senior management committee since 2009. He has led the wealth management group since 2013 and previously held senior leadership roles in risk management, business and card services, and across consumer, commercial and corporate banking.

“As I reflect on my career, I am filled with gratitude for the opportunities and relationships that shaped my journey,” Arizumi said. “It has been a privilege to work alongside so many outstanding colleagues and to contribute to an institution with such a proud history. I leave with great confidence in First Hawaiian Bank's continued success.”

Executive Vice President Michael Tottori will assume responsibility for the wealth management group and join the senior management committee. Tottori began his career with First Hawaiian Bank in 1989 and returned in 2005 after gaining private client investment experience on the mainland. Since then, he has advanced through a series of leadership roles within wealth advisory, guiding the division's strategic growth, including overseeing the transition of FHB's broker-dealer platform to Raymond James Financial. He was promoted to division manager in 2020 and to executive vice president in 2024.

“Mike brings extensive experience and a proven record of growth to this role,” Harrison added. “He understands the importance of strong client relationships and is committed to the communities we serve. His leadership and alignment with our culture position him well to lead First Hawaiian Bank’s Wealth Management Group.”

First Hawaiian, Inc. 
First Hawaiian, Inc. (NASDAQ: FHB) is a bank holding company headquartered in Honolulu, Hawaii. Its principal subsidiary, First Hawaiian Bank, founded in 1858 under the name Bishop & Company, is Hawaii’s largest financial institution with branch locations throughout Hawaii, Guam, and Saipan. The company offers a comprehensive suite of banking services to consumer and commercial customers including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. Customers may also access their accounts through ATMs, online and mobile banking channels. For more information about First Hawaiian, Inc., visit the Company’s website, www.fhb.com.

Investor Relations Contact:
Kevin Haseyama, CFA
(808) 525-6268
khaseyama@fhb.com

Media Contact:
Lindsay Chambers
(808) 525-6254
lchambers@fhb.com

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/6549357f-a524-49a4-973c-1d77d5c8e7b7
https://www.globenewswire.com/NewsRoom/AttachmentNg/4623d532-9ff8-4fec-955c-c868008a9822

FAQ

When will Alan Arizumi retire from First Hawaiian (FHB)?

Alan Arizumi will retire effective April 3, 2026. According to the company, he is stepping down after more than 40 years of service and will leave the bank with confidence in its ongoing leadership.

Who will lead First Hawaiian's Wealth Management Group after Arizumi (FHB)?

Executive Vice President Michael Tottori will assume responsibility for the Wealth Management Group. According to the company, Tottori will also join the senior management committee and brings long internal experience and prior mainland private client experience.

What experience does Michael Tottori have for his new role at First Hawaiian (FHB)?

Mike Tottori joined First Hawaiian in 1989 and returned in 2005, rising through wealth advisory roles. According to the company, he oversaw the broker-dealer transition to Raymond James and was promoted in 2020 and 2024.

How long did Alan Arizumi serve at First Hawaiian before retirement (FHB)?

Alan Arizumi served more than 40 years at First Hawaiian. According to the company, he joined in 1983 and held senior roles across risk, card services, consumer, commercial, corporate banking, and wealth management.

Will the wealth management leadership change affect First Hawaiian's senior management (FHB)?

Yes, the change adds Michael Tottori to the senior management committee. According to the company, the move is intended to maintain continuity and align wealth management strategy with executive oversight.