FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Current Report Pursuant to Section 13
of the Securities Exchange Act of 1934
Date of Report (Date Earliest Event reported)- November 27, 1996
Commission File Number 2-67419
CB BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
Hawaii 99-0197163
(State of Incorporation) (IRS Employer Identification No.)
201 Merchant Street, Honolulu, Hawaii 96813
(Address of principal executive offices)
(808) 546-2411
(Registrant's Telephone Number)
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ITEM 5. Other events
Refer to attachment I.
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Attachment I.
FOR IMMEDIATE RELEASE
Contact: Daniel Motohiro
CB Bancshares, Inc.
(808) 546-2424
Wayne Miyao
City Bank
(808) 546-8484
Honolulu, Hawaii, November 27, 1996 -- CB Bancshares, Inc. (NASDAQ: CBBI)
today announced that as part of a previously announced plan to merge its two
principal subsidiaries - International Savings and Loan Limited (ISL) and City
Bank - Mr. Ronald Migita, will no longer be employed as President of CBBI and
ISL effective November 15, 1996.
Mr. James M. Morita, Chairman of the Board and Chief Executive Officer of CB
Bancshares, Inc. added, "We greatly appreciate Mr. Migita's contributions
during this challenging time for our company and we wish him well."
CB Bancshares provides a full range of banking products and services for small-
to medium-sized business and retail customers through its branch network on the
islands of Oahu, Maui and Hawaii. The company is the third largest bank
holding company in Hawaii.
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Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CB Bancshares, Inc.
Date: December 3, 1996 Daniel Motohiro
Senior Vice President and
Chief Financial Officer
