News Release
| For Release: |
December 31, 1998 |
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Contact:
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Elizabeth Masten |
Phone - |
(415) 974-2133 |
DODS TO REPRESENT FED DISTRICT IN WASHINGTON, D.C.
SAN FRANCISCO--BancWest Corporation Chairman Walter A. Dods, Jr. has
been selected by the directors of the Federal Reserve Bank of San Francisco
to serve as the Bank's member of the Federal Advisory Council in Washington,
D.C. for 1999. He succeeds David A. Coulter, formerly of Bank of America.
The Council is comprised of a representative from each of the twelve
Reserve Bank districts, and meets quarterly with the Board of Governors
of the Federal Reserve System. The members provide the System with an
evaluation of the state of business on a regional basis, and serve as
a sounding board for various System ideas and proposals.
Dods, 57, began his banking career in marketing at First Hawaiian Bank
in 1968. By 1973, he was appointed senior vice president of the marketing
group and of the banks' research department, and later served as executive
vice president of the general banking group. Dods was elected president
in 1984, and, five years later, chairman of the board and chief executive
officer of the bank and its parent corporation, First Hawaiian, Inc. In
1998, First Hawaiian merged with Bank of the West, San Francisco, at which
time Dods became chairman of the board and chief executive officer of
the newly formed BancWest Corporation, Honolulu. Born in Honolulu, he
holds a bachelor's degree in business administration from the University
of Hawaii.
Among his business, community, and educational involvements, Dods is a director
or trustee of the Estate of Samuel Mills Damon, Alexander & Baldwin,
Inc., First Insurance Company of Hawaii, Ltd, Grace Pacific Corporation,
and Pacific Guardian Life Insurance Co., Ltd. He serves as Hawaii chairman
of the Japan-Hawaii Economic Council, a member of Stanford University Law
School's board of visitors, co-chairman of the Hawaii Community Reinvestment
Corporation, a trustee of The Contemporary Museum, the Japan-America Institute
of Management Science, the Nature Conservancy, Punahou School, the Crown
Prince Akihito Scholarship Foundation, and many others. Dods is the immediate
past president of the American Bankers Association, a past president of
the Hawaii Bankers Association, and a director of The Bankers Roundtable.
The Federal Reserve Bank of San Francisco provides wholesale banking
services to financial institutions in the nine western states through
the head office in San Francisco and branch offices at Los Angeles, Portland,
Salt Lake City, and Seattle. As the nation's central bank, the Federal
Reserve System formulates monetary policy, serves as a bank regulator,
administers consumer protection laws, and is fiscal agent for the U.S.
government.
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