Temporary Closing of Certain Territorial Savings Bank Branches Due to Staffing Challenges Relating to COVID

Rhea-AI Summary

Territorial Savings Bank has announced temporary closures of its Pearl City and Kalihi Branches, effective January 12, 2022, due to staffing challenges stemming from COVID-19. Additionally, the Kapahulu Branch is closed for repairs following rain damage. The bank will update on reopening dates as soon as staffing is resolved. Established in 1921, Territorial Savings Bank operates 29 branches across Hawaii, providing a range of residential mortgage loans and competitive rates on checking and savings accounts.

Positive

• Territorial Savings Bank has 29 branches across Hawaii, indicating robust infrastructure.
• The bank has a long-standing history since 1921, demonstrating stability and reliability.

Negative

• Temporary branch closures may hinder customer access and affect service availability.
• Suspension of Saturday banking hours could reduce customer convenience.

HONOLULU, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Territorial Savings Bank announced that beginning Wednesday, January 12, 2022, it is temporarily closing its Pearl City Branch and Kalihi Branch and suspending Saturday banking hours at its Kahala Branch due to staffing challenges related to COVID. In addition, due to rain damage to its Kapahulu Branch, that branch is closed for repairs. The Bank will announce reopening of these branches as soon as our staffing issues are resolved.

Territorial Savings Bank began in 1921 offering home loans and savings accounts to the people of Hawaii. Today, with 29 branches on Oahu, Maui, Hawaii and Kauai, Territorial Savings Bank offers a full array of residential mortgage loans and attractive rates on checking and savings accounts. For more information, contact Maureen Lichter, Sales and Products Manager, Banking Services, at (808) 951-1207.

CONTACT: WALTER IDA OR VERNON HIRATA PH. 808-946-1400

 

FAQ

When did Territorial Savings Bank announce branch closures?

Territorial Savings Bank announced branch closures on January 12, 2022.

Which branches of Territorial Savings Bank are temporarily closed?

The Pearl City Branch, Kalihi Branch, and Kapahulu Branch are temporarily closed.

What is the reason for the temporary closure of Territorial Savings Bank branches?

The closures are due to staffing challenges related to COVID-19 and repairs from rain damage.

Will Territorial Savings Bank reopen its branches?

Yes, Territorial Savings Bank will announce the reopening of branches once staffing issues are resolved.