BNP Paribas S.A.
BNP Paribas S.A. is a French international banking group. It is the world’s 8th largest bank by total assets, and currently operates with a presence in 72 countries. With both a retail banking section and investment banking operations, the bank is present on five continents In the Americas, it operates in the western United States as Bank of the West. As an investment bank and international financial services provider for corporate and institutional clients, it is present across Europe, the Americas, and Asia.
BNP Paribas is the largest French banking group and the largest bank in the Eurozone. It became one of the five largest banks in the world following the 2008 financial crisis. it remains one of the ten largest banks worldwide.
In the United States, BNP Paribas owns BancWest, which in turn operates retail banking subsidiaries Bank of the West and previously operated First Hawaiian Bank. Bank of the West operates in 19 Western US states (where it ranks as the 7th largest foreign bank by assets), while First Hawaiian is Hawaii’s leading bank with a 40% market share in deposits. Together the two banks operate 710 branches, and service 5 million clients.
The two banks were merged into BancWest in 1998, and BNP Paribas took full control of the combined entity in 2001.
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