Pacific Bank Limited - Hawaiian Banking Stock Certificate

Stock printed by Goes. Honolulu, Hawaii.

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.

Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalised a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords.

Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancient world. In the history of banking, a number of banking dynasties – notably, the Medicis, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds – have played a central role over many centuries. The oldest existing retail bank is Banca Monte dei Paschi di Siena (founded in 1472), while the oldest existing merchant bank is Berenberg Bank (founded in 1590).

Honolulu (/ˌhɒnəˈluːluː/) is the capital and largest city of the U.S. state of Hawaii, which is located in the Pacific Ocean. It is an unincorporated county seat of the consolidated City and County of Honolulu, situated along the southeast coast of the island of Oʻahu, and is the westernmost and southernmost major U.S. city. Honolulu is Hawaii's main gateway to the world. It is also a major hub for business, finance, hospitality, and military defense in both the state and Oceania. The city is characterized by a mix of various Asian, Western, and Pacific cultures, as reflected in its diverse demography, cuisine, and traditions.

Honolulu means "sheltered harbor" or "calm port" in Hawaiian; its old name, Kou, roughly encompasses the area from Nuʻuanu Avenue to Alakea Street and from Hotel Street to Queen Street, which is the heart of the present downtown district. The city's desirability as a port accounts for its historical growth and importance in the Hawaiian archipelago and the broader Pacific region. Honolulu has been the capital of the Hawaiian Islands since 1845, first of the independent Hawaiian Kingdom, and after 1898 of the U.S. territory and state of Hawaii. The city gained worldwide recognition following Japan's attack on nearby Pearl Harbor on December 7, 1941, which prompted decisive entry of the U.S. into World War II; the harbor remains a major naval base, hosting the U.S. Pacific Fleet, the world's largest naval command.

As Hawaii is the only state with no incorporated places below the county level, the U.S. Census Bureau recognizes the approximate area commonly referred to as the "City of Honolulu"—not to be confused with the "City and County"—as a census county division (CCD). As of the 2020 U.S. Census, the population of Honolulu was 350,964, while that of the urban Honolulu census-designated place (CDP) was 802,459. The Urban Honolulu Metropolitan Statistical Area had 1,016,508 residents in 2020. With over 300,000 residents, Honolulu is the most populous Oceanian city outside Australasia.

Honolulu's favorable tropical climate, rich natural scenery, and extensive beaches make it a popular global destination for tourists. As of May 2021, the city receives the bulk of visitors to Hawaii, between 7,000 and 11,000 daily. This is below the 2019 passenger arrivals of 10,000 to 15,000 per day.

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