Go Back   HawaiiThreads.com > Ka Nohona > Bishop Street
FAQ Members List Social Groups Calendar Search Search Latest Posts Mark Forums Read

Thread Tools Display Modes
Old April 23rd, 2004, 03:31 PM
pzarquon's Avatar
pzarquon pzarquon is offline
Join Date: Apr 2004
Location: Honolulu, HI, USA
Posts: 7,307
Send a message via ICQ to pzarquon Send a message via AIM to pzarquon Send a message via MSN to pzarquon Send a message via Yahoo to pzarquon
Default Central Pacific, City Bank Merge

Hot off the presses! One of the biggest battles of local business in years is finally drawing to a close.

CPB, City Bank merger a go
Originally Posted by HawaiiNews.com
One of Hawaii's most contentious and public business battles in years is drawing to an end, with Central Pacific Bank announcing today that its aggressive campaign to acquire rival City Bank has finally succeeded. Central Pacific will acquire all of City Bank's outstanding shares at $91.83 each, a 26 percent premium over the value at yesterday's closing bell. The combined bank will have assets of $4 billion, solidifying CPB's position as the fourth largest player in the state behind First Hawaiian Bank, Bank of Hawaii, and American Savings Bank.
Reply With Quote


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

All times are GMT -5. The time now is 12:21 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2019, vBulletin Solutions Inc.

  Partner Sites: Hawaii Blog Hawaii News Hawaii Grinds Hawaii Social Media  
    Blogging the Aloha State. The Hawaii Star. Hawaii Food Blog. The story of Aloha 2.0.