First Hawaiian Bank CEO on IPO, Low Rate Environment

First Hawaiian Bank debuted as a public company on the Nasdaq Thursday.
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First Hawaiian Bank (FHB) debuted as a public company on the Nasdaq Thursday and its CEO, Bob Harrison, isn't worried about the low interest rate environment, which has shrunken profits for the banking sector. 'Low interest rates affect everybody but for us, we're a relationship bank and community focused,' Harrison said, adding that August is the bank's 158th anniversary. BNP Paribas (BNP) owned the bank up until Thursday. Shares were priced at $23 and soon surged roughly 7 percent. TheStreet's Scott Gamm reports from the Nasdaq.