American Savings Bank

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Richard F. Wacker President and Chief Executive Officer,
American Savings Bank, F.S.B.
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Richard F. Wacker
Michael J. Kennedy Chief Executive Officer, Interstellar
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Michael J. Kennedy
Elisia K. Flores Chief Executive Officer & Vice Chair,
L&L Franchise, Inc.
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Elisia K. Flores

The following HEI directors are also directors of American Savings Bank, F.S.B.

Michael J. Kennedy

Michael J. Kennedy

ASB Director
ASB Risk Committee Member

  • Principal Occupation: CEO, Interstellar
BUSINESS EXPERIENCE
CEO, Interstellar (2019 - Present)
President, OFX North America (2017-2019)
Co-founder, CEO and Board member, clearXchange, LLC (2011-2015)
SKILLS AND QUALIFICATIONS FOR ASB BOARD SERVICE
  • Extensive executive leadership and strategic planning experience through his co-founding and leadership as CEO of clearXchange, LLC a national online payment service, as well as his 18 years of experience in developing innovative business strategies for financial institutions at Wells Fargo and at McKinsey & Company, Inc.
  • Broad experience in a variety of innovative business financing services from his prior work at Wells Fargo as Executive Vice President, Head of Innovation & Payment Strategy, where he led technology research and development, payment strategy, and emerging payments.
  • EDUCATION
    Bachelor and Master of Science, Industrial Engineering from Stanford University and MBA from Harvard Business School.
    Elisia K. Flores

    Elisia K. Flores

    ASB Director
    ASB Audit Committee Member

    • Principal Occupation: Vice President and Chief Financial Officer, L&L Franchise, Inc.
    BUSINESS EXPERIENCE
    Chief Financial Officer, L&L Franchise, Inc. (2014 to Present)
    Senior Finance Manager, General Electric Company (2010-2014)
    SKILLS AND QUALIFICATIONS FOR ASB BOARD SERVICE
  • Executive leadership, strategic planning and financial oversight from serving as CFO of L&L Franchise, a national franchisor, where she has developed and implemented innovative marketing concepts resulting in measurable company gains.
  • Notable financial oversight and corporate audit experience as Senior Finance Manager and Auditor at General Electric Company where she was named the 2010 Contemporary Leader.
  • EDUCATION
    Bachelor of Science, University of Southern California, Marshall School of Business and Executive MBA from the University of Los Angeles, Anderson School of Management.
    Richard F. Wacker

    Richard F. Wacker

    President and Chief Executive Officer, American Savings Bank, F.S.B.
    Director, American Savings Bank, F.S.B.

    • Principal Occupation: President and Chief Executive Officer, American Savings Bank, F.S.B.
    Richard Wacker is the President & Chief Executive Officer of American Savings Bank (ASB). Rich joined ASB in 2010 and leads the management team responsible for growing the bank's business to better serve Hawaii's retail and business customers. He also serves as a director on the ASB Board.
    An active supporter in the community, Rich holds several leadership positions in Hawaii, serving on a number of prominent boards including Child & Family Service (Chair); Hawaii Business Roundtable (Executive Committee); Chaminade University (Board of Regents); University of Hawaii—Pacific Asian Center for Entrepreneurship; University of Hawaii Foundation (Vice-Chair) and University of Hawaii—XLR8UH accelerator program, and is a member of the Hawaii Bankers Association. He has served as a board member for the Hawaii Chapter of the American Red Cross and director for Junior Achievement Korea and was a member of the Board of Governors of the American Chamber of Commerce in Korea.
    Prior to joining ASB, Rich was Chairman of Korea Exchange Bank (KEB), the fifth largest Korean commercial bank. He joined KEB in 2004 as Chief Operating Officer, was appointed President & CEO in 2005, and also held the position of Chairman of the Board from 2007 through 2010. Rich helped establish the KEB Foundation, the first social welfare organization in the Korean financial industry, and was the organization's second Chairman. In 2008, Rich was recognized as one of Korea's "Most Respected CEOs."
    Rich also enjoyed a 20-year career with General Electric (GE) where he was a company officer and held a wide range of senior leadership positions in the U.S. and Europe, including Vice President of Corporate Investor Communications; Vice President and Chief Financial Officer of GE Capital's Card Services unit; General Manager of GE Capital's audit staff; Chief Financial Officer of GE Capital Fleet Services-Europe and global product management positions with GE Medical Systems-Europe.
    EDUCATION
    He earned a B.S. degree in mechanical engineering from the University of Missouri.