U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

     Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
     Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
     30(f) of the Investment Company Act of 1940

[  ] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

1.   Name and Address of Reporting Person*

     Banque Nationale de Paris
     16, Boulevard des Italiens
     75009, Paris, France

2.   Issuer Name and Ticker or Trading Symbol

     BancWest Corporation (BWE)

3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)

     94-1677765

4.   Statement for Month/Year

     September 1999

5.   If Amendment, Date of Original (Month/Year)

6.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [ ]  Director                            [X] 10% Owner
     [ ]  Officer (give title below)          [ ] Other (specify below)

7.   Individual or Joint/Group Filing (Check applicable line)

     [X]  Form filed by one Reporting Person
     [ ]  Form filed by more than one Reporting Person

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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).

Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.

Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned - ------------------- ------------------- ------------------------- ---------------------------------- -------------------- 1. Title of 2. Transaction 3. Transaction Code 4. Securities Acquired (A) or 5. Amount of Security Date (Instr. 8) Disposed of (D) Securities (Instr. 3) (Month/Day/ (Instr. 3, 4 and 5) Beneficially Year) Owned at End of Month (Instr. 3 and 4) - ------------------- ------------------- ------------------------- ---------------------------------- -------------------- Code V Amount (A) or (D) Price - ------------------- ------------------- ------------ ------------ ----------- ----------- ---------- -------------------- - ------------------- ------------------- ------------ ------------ ----------- ----------- ---------- -------------------- - ------------------- ------------------- ------------ ------------ ----------- ----------- ---------- -------------------- - ------------------- ------------------- ------------ ------------ ----------- ----------- ---------- -------------------- - ------------------- ------------------- ------------ ------------ ----------- ----------- ---------- -------------------- - ------------------- --------------------- -------------------- 1. Title of 6. Ownership Form 7. Nature of Security Direct (D) or Indirect (Instr. 3) Indirect (I) Beneficial (Instr. 4) Ownership (Instr. 4) - ------------------- --------------------- -------------------- - ------------------- --------------------- -------------------- - ------------------- --------------------- -------------------- - ------------------- --------------------- -------------------- - ------------------- --------------------- -------------------- - ------------------- --------------------- -------------------- - ---------------------- Explanation of responses:

Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of 2. Conversion 3. Transaction 4.Transaction 5. Number of 6. Date Exercisable 7. Title and Amount of Derivative or Date Code Derivative and Expiration Underlying Security Exercise (Month/ (Instr.8) Securities Date Securities (Instr. (Instr. 3) Price of Day/Year) Acquired (Month/Day/Year) 3 and 4) Derivative (A) or Security Disposed of (D) Instr. 3, 4 and 5) - ------------------------------------------------------------------------------------------------------------------------------------ Code V (A) (D) Date Expiration Title Amount or Exercisable Date Number of Shares - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 0.00 09/01/99 P 77,000 (1) (1) Class A 77,000 Common Stock Common Stock 0.00 09/01/99 P 3,500 (1) (1) Class A 3,500 Common Stock Common Stock 0.00 09/01/99 P 72,500 (1) (1) Class A 72,500 Common Stock Common Stock 0.00 09/02/99 P 19,100 (1) (1) Class A 19,100 Common Stock Common Stock 0.00 09/02/99 P 12,000 (1) (1) Class A 12,000 Common Stock Common Stock 0.00 09/09/99 P 14,100 (1) (1) Class A 14,100 Common Stock Common Stock 0.00 09/15/99 P 10,000 (1) (1) Class A 10,000 Common Stock Common Stock 0.00 09/16/99 P 9,800 (1) (1) Class A 9,800 Common Stock Common Stock 0.00 09/17/99 P 5,000 (1) (1) Class A 5,000 Common Stock Common Stock 0.00 09/20/99 P 5,100 (1) (1) Class A 5,100 Common Stock Common Stock 0.00 09/21/99 P 32,500 (1) (1) Class A 32,500 Common Stock Common Stock 0.00 09/22/99 P 10,000 (1) (1) Class A 10,000 Common Stock Common Stock 0.00 09/22/99 P 5,400 (1) (1) Class A 5,400 Common Stock Common Stock 0.00 09/23/99 P 12,000 (1) (1) Class A 12,000 Common Stock Common Stock 0.00 09/23/99 P 8,000 (1) (1) Class A 8,000 Common Stock Common Stock 0.00 09/24/99 P 20,000 (1) (1) Class A 20,000 Common Stock Common Stock 0.00 09/24/99 P 14,500 (1) (1) Class A 14,500 Common Stock Common Stock 0.00 09/28/99 P 5,000 (1) (1) Class A 5,000 Common Stock Common Stock 0.00 09/29/99 P 13,300 (1) (1) Class A 13,300 Common Stock Common Stock 0.00 09/29/99 P 2,200 (1) (1) Class A 2,200 Common Stock Common Stock 0.00 09/30/99 P 7,000 (1) (1) Class A 7,000 Common Stock Common Stock 0.00 09/30/99 P 10,000 (1) (1) Class A 10,000 Common Stock Common Stock 0.00 09/30/99 P 45,000 (1) (1) Class A 45,000 Common Stock 1. Title of 8. Price of 9. Number of 10. Ownership 11. Nature of Derivative Derivative Derivative Form of Indirect Security Security Securities Derivative Beneficial (Instr. 3) (Instr. Beneficially Security: Ownership 5) Owned at Direct (Instr. 4) end of (D) or Month Indirect (Instr. 4) (I) (Instr. 4) Common Stock USD 41.875 Common Stock USD 41.825 Common Stock USD 41.75 Common Stock USD 41.6875 Common Stock USD 41.5 Common Stock USD 41.875 Common Stock USD 41.6875 Common Stock USD 41.8125 Common Stock USD 41.875 Common Stock USD 41.75 Common Stock USD 41.5 Common Stock USD 41.5 Common Stock USD 41.25 Common Stock USD 41.3125 Common Stock USD 41.25 Common Stock USD 41.25 Common Stock USD 41.125 Common Stock USD 41.75 Common Stock USD 41.875 Common Stock USD 41.8125 Common Stock USD 41.625 Common Stock USD 41.5 Common Stock USD 41.25 989,000 (D) - ---------------------- Explanation of responses: (1) The shares of Common Stock are convertible, at the option of Banque Nationale de Paris, into an equivalent number of shares of Class A Common Stock in accordance with the terms described in the Amended and Restated Certificate of Incorporation of the Issuer, and in the Standstill and Governance Agreement by and between Banque Nationale de Paris and First Hawaiian, Inc., dated as of November 1, 1998. ** Intentional misstatements or omissions of fact constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Signature of Reporting Person /s/ Jacques Ardant - ------------------------------- Jacques Ardant Directeur de Succursale Attache Date: October 6, 1999