James Polk to lead Bank of Hawaii as Peter Ho retires
The board of directors “unanimously selected” James C. Polk, as present and CEO, according to a Feb. 4 release CHamoru Standard Time as Peter Ho’s retirement was announced, effective March 31.
Polk is currently president and chief banking officer. He will also join the board of directors of the bank, the release said.
According to Glimpses Media files, Polk was appointed president in 2024, which the bank confirmed in its release was “part of the company’s considered succession plan.”
Polk and Ho. Photos courtesy Bank of Hawaii
Polk served in Guam as executive vice president and manager of the Pacific Islands Division of the Bank of Hawaii from 2006 until 2009 and has regularly returned to Guam and the region through the years. Polk joined Bank of Hawaii in 1999.
He will succeed Peter Ho, who following his retirement “plans to serve as a consultant to the company following his retirement through the end of 2027,” the release said.
Ho — aged 60 — joined Bank of Hawaii in 1993, and after rising through various appointments, was named president in 2008 and appointed chairman and CEO in 2010. He has also appeared regularly at Bank of Hawaii events in the islands.
Raymond P. Vara Jr. president and CEO of Hawaii Pacific Health, Bank of Hawaii Corp.’s lead independent director, will assume the new role of non-executive chairman of BOHC’s board of directors on April 1, the release said. mbj
The Port Authority of Guam concluded fiscal year 2025 with an unmodified clean financial audit and a net position of $40.9 million, but faces narrowing operating margins that have prompted a proposed 17% multi-year tariff increase beginning in fiscal year 2026.
The Guam Hybrid Land Use Commission approved a request for a conditional use permit for the Pacific Energy Corporation to begin construction of photovoltaic facilities in the municipality of Yona.
A Guam delegation led by Jesse A. Lujan, majority leader of the 38th Guam Legislature and chairman of the Committee on Transportation, Tourism, Customs, Utilities, and Federal & Foreign Affairs, met with Philippine immigration officials to advance efforts to include the Philippines in the Guam-CNMI Visa Waiver Program.
