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) - April 8, 1999
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) 535-2500
(Registrant's Telephone Number)
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ITEM 5. Other events
On April 7, 1999, CB Bancshares, Inc. announced the hiring of Dean K. Hirata as
the new Chief Financial Officer. The press release is attached hereto as Exhibit
99.
ITEM 7. Financial Statement and Exhibits
Exhibits
99. Press release announcing new Chief Financial Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
April 8, 1999 CB Bancshares, Inc.
/s/ Ronald K. Migita
President and Chief
Executive Officer
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Exhibit Index
99. Press release announcing new Chief Financial Officer
<PAGE>
Exhibit 99
FOR IMMEDIATE RELEASE
Contact: Wayne Miyao
Senior Vice President, City Bank
Retail Banking
Phone (808) 535-2590
CB BANCSHARES, INC. WELCOMES NEW CHIEF FINANCIAL OFFICER
HONOLULU, HAWAII, April 7, 1999 - CB Bancshares, Inc. (Nasdaq-National Market:
CBBI), one of Hawaii's leading bank holding companies with more than $1.4
billion in assets, today announced that Dean K. Hirata has joined the firm as
Senior Vice President and Chief Financial Officer. Hirata comes to CBBI from
First Hawaiian Bank, where he managed the controller's division for the state's
second largest bank, with total assets of $7.2 billion, as well as the
consolidation function for BancWest Corporation, parent company of First
Hawaiian, with consolidated assets of $15.1 billion. Hirata will also serve as
Chief Financial Officer for CB Bancshares' two principal subsidiaries, City Bank
and International Savings and Loan. "At a time when banking across the country
is going through a period of transition, we at CB Bancshares are proud and
pleased to have someone of the caliber and expertise that Dean Hirata brings to
our firm," said Ron Migita, President and Chief Executive Officer of CB
Bancshares, Inc.
As Chief Financial Officer, Hirata will oversee such functions as financial and
regulatory reporting, internal reporting, asset and liability management,
financial analyses, tax planning and compliance and general accounting. Hirata
earned a Bachelor of Business Administration from the School of Accounting at
the University of Hawaii at Manoa. Prior to his experience with First Hawaiian
Bank, Hirata served as a Senior Manager with KPMG Peat Marwick.
CB Bancshares, Inc., is a bank holding company which provides a full range of
banking products and services for small-and-medium-sized businesses, and retail
customers through its principal subsidiaries, City Bank and International
Savings and Loan. CBBI maintains 23 branches on the islands of Oahu, Maui and
Hawaii.
