Exhibit 1

FORWARD LOOKING STATEMENTS

     This presentation, the accompanying slides and our related comments include statements that are not based on historical facts, but are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.

     Forward-looking statements from BNP Paribas and BancWest (such as those concerning plans, expectations, estimates, strategies, projections and goals) reflect management’s best judgment as of this date. However, such statements involve risks and uncertainties that could cause actual results to differ materially from those discussed in the statements.

     Among the factors that could cause or contribute to such differences are:

     (1)  the possibility that regulatory approval of the pending transaction between BNP Paribas and BancWest may be delayed or denied or that burdensome conditions may be imposed in connection with such approvals;

     (2)  the possibility of customer or employee attrition following commencement of this transaction;

     (3)  the possibility that expected revenue enhancements and cost savings may not be realized within expected time frames;

     (4)  the possibility of adverse changes in global, national or local economic or monetary conditions;

     (5)  the potential effects of intense competition within the financial services industry;

     (6)  the level and volatility of interest rates and currency values;

     (7)  government fiscal and monetary policies;

     (8)  credit risks inherent in the lending process;

     (9)  loan and deposit demand in the geographic regions where BancWest and BNP Paribas conduct business;

     (10)  extensive federal and state regulation of BancWest’s business, including the effect of current and pending legislation and regulations;

     (11)  matters relating to the integration of BancWest’s business with that of future merger partners, including the impact of combining those businesses on revenues, expenses, deposit attrition, customer retention and financial performance;

     (12)  reliance on third parties to provide certain critical services, including data processing;

     (13)  changes in accounting policies;

     (14)  technological changes;

     (15)  other risks and uncertainties detailed from time to time in BancWest’s Securities and Exchange Commission filings; and

     (16)  management’s ability to manage these and other risks.

     Those factors or others could result, for example, in delay or termination of the transaction discussed above or in failure to achieve the anticipated results discussed here. Except as otherwise required by law, BancWest and BNP Paribas disclaim any obligation to update any forward-looking statements included herein to reflect future events or developments.