First Hawaiian Bank has opened a new trust company in Guam that will offer personal trust services and estate plan administration.

This is the first offering of its kind in Guam, the firm said in a statement, and adds to an existing range of wealth management services First Hawaiian offers there, including wealth planning, personal and business insurance, and investment management.

The trust unit opened for business on 27 June 2011 and is led by Laura Dacanay, senior vice president and Guam/CNMI region manager and vice chairwoman of the new FHB Guam Trust.

First Hawaiian Bank was founded in Hawaii in 1858 and records $15.2 billion in assets. It has three branches in Guam and two in Saipan.