Bank of Hawaii Corp. said it will pay its new president Peter Ho a base salary of $625,000 a year.

The bank also awarded Ho a one-time bonus of $75,000, according to a filing with the Securities and Exchange Commission.

The 43-year-old Ho, who was named president of the bank last week, oversees retail banking, commercial banking and investment services.

Ho, the son of local business leader Stuart Ho and grandson of legendary deal maker Chinn Ho, assumed the title previously held by Allan Landon, who remains the company's chairman and chief executive officer.

Bank of Hawaii also said it will pay board member Kent Lucien, who was recently appointed as vice chairman and interim chief financial officer, a base salary of $340,000 a year. Lucien also will receive a restricted stock grant award of 2,555 shares of Bank of Hawaii common stock. Lucien replaced former CFO Dan Stevens, who is returning to the Mainland.