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Exhibit 21.1

Bank of Hawaii Corporation
Subsidiaries of the Registrant

The required information with respect to subsidiaries of Bank of Hawaii Corporation at December 31, 2004 is provided below. All domestic subsidiaries are wholly owned. Each entity is consolidated with its immediate parent company except as noted.

BANK OF HAWAII CORPORATION (Parent)
Bank Holding Company—Delaware

Subsidiaries:

        BANCORP HAWAII CAPITAL TRUST I
                Delaware

        BANK OF HAWAII
                Hawaii

        Subsidiaries:

        Bank of Hawaii International, Inc.
                Hawaii

        Bankoh Investment Services, Inc. (Brokerage)
                Hawaii

        Bankoh Investment Partners, LLC
                Hawaii

        Pacific Century Insurance Services, Inc. (Captive Insurance)
                Hawaii

        RGA Corp.
                Hawaii

        Pacific Century Advisory Services, Inc. – (Advisory Services)
                Hawaii

        Bank of Hawaii Leasing, Inc. (Parent) – (Leasing)
                Hawaii

        Subsidiaries:

        BNE Airfleets Corporation
                Barbados

        Pacific Century Leasing International, LLC
                Delaware

        Pacific Century Life Insurance Corporation (Insurance)
                Arizona

        Triad Insurance Agency, Inc. (Insurance)
                Hawaii

        Bank of Hawaii Insurance Services, Inc. (Insurance)
                Hawaii

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Exhibit 21.1

Bank of Hawaii Corporation Subsidiaries of the Registrant