One of Hawaiʻi's fastest-growing banks isn't based in Honolulu. It's based in Los Angeles.
Royal Business Bank has climbed past several of Hawaiʻi's long-established financial institutions in local market rankings less than five years after opening its Honolulu branch, according to the latest Pacific Business News rankings.
So what's driving the rapid rise?
Unlike many traditional retail banks, Royal Business Bank focuses heavily on commercial lending, business banking, and serving small and midsize businesses, particularly within Asian American communities. That niche strategy has helped it grow deposits and loans quickly without needing dozens of branch locations.
For decades, Hawaiʻi's banking industry has been dominated by familiar local names like First Hawaiian Bank, Bank of Hawaiʻi, American Savings Bank, and Central Pacific Bank. New entrants rarely move up the rankings this quickly, making Royal Business Bank's growth stand out.
Why it matters
More competition could be good news for Hawaiʻi businesses. As mainland and regional banks expand into the islands, local companies may benefit from additional lending options, specialized commercial banking services, and more competitive financing.
At the same time, the shift signals that Hawaiʻi's banking landscape is becoming more competitive. While local banks still control most of the market, they're no longer the only institutions gaining ground.
For business owners looking for capital, it's another reminder that shopping around for financing may uncover more options than ever before.