UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 26, 2002
BANK OF HAWAII CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 1-6887 | 99-0148992 |
| (State of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 130 Merchant Street, Honolulu, Hawaii (Address of principal executive offices) |
96813 (Zip Code) |
(Registrant's telephone number, including area code) (808) 537-8430
Item 5. Other Events
- (a)
- Exhibit 99.1
- (b)
- Exhibit 99.2
Press Release: Pacific Century Financial Corporation Changes Name to Bank of Hawaii Corporation
Press Release: Bank of Hawaii Appoints Three New Directors to Board
SIGNATURE
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 thereunto duly authorized.
| Date: April 29, 2002 | BANK OF HAWAII CORPORATION | |||
By: |
/s/ MICHAEL E. O'NEILL (Signature) |
|||
| Michael E. O'Neill Chairman, Chief Executive Officer and President |
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
BANK OF HAWAII CORPORATION
EXHIBIT TO CURRENT REPORT ON
FORM 8-K DATED April 26, 2002
Commission File Number 1-6887
[BANK OF HAWAII LETTERHEAD]
New Parent Company Name Reflects
Renewed Focus for Bank of Hawaii
FOR IMMEDIATE RELEASE
Honolulu, Hawaii (April 26, 2002) — The parent company of Bank of Hawaii today obtained shareholder approval to change its name from Pacific Century Financial Corporation to Bank of Hawaii Corporation. Beginning April 29, 2002, the company's stock will trade on the New York Stock Exchange under the new name, "Bank of Hawaii Corporation." The company's stock ticker symbol, "BOH," will remain the same, as will the name of its primary subsidiary, Bank of Hawaii.
"The new name, 'Bank of Hawaii Corporation,' reflects our company's renewed focus on Hawaii, our core strategic market," said Bank of Hawaii Chairman, CEO and President Michael O'Neill. "Hawaii is our home, and this latest step demonstrates our ongoing commitment to serving the people, businesses and communities here."
O'Neill added, "With the divestitures of our non-strategic operations largely behind us, we will continue to move forward in aggressively growing our business in our key markets of Hawaii, the West Pacific and American Samoa. We will also continue to focus on improving the level of quality service we provide customers while maximizing the value of shareholders' investment in our company."
The name change will not affect the validity of stock certificates previously issued by Pacific Century Financial Corporation or Bancorp Hawaii, Inc. (as the company was formerly known).
Founded in 1897, Bank of Hawaii is the leading locally headquartered commercial bank in Hawaii. It is the primary subsidiary of Bank of Hawaii Corporation, a regional financial services company with assets of $10.2 billion as of March 31, 2002. The company and its subsidiaries provide varied financial services to businesses, consumers and governments in Hawaii, the West Pacific and American Samoa. Additional information about Bank of Hawaii can be found at www.boh.com.
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EXHIBIT TO CURRENT REPORT ON FORM 8-K DATED April 26, 2002
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
BANK OF HAWAII CORPORATION
EXHIBIT TO CURRENT REPORT ON
FORM 8-K DATED April 26, 2002
Commission File Number 1-6887
[BANK OF HAWAII LETTERHEAD]
For Immediate Release
Bank of Hawaii Appoints Three New Directors to Board
Honolulu, Hawaii—April 26, 2002—Michael E. O'Neill, Chairman, CEO and President of Bank of Hawaii Corporation and Bank of Hawaii (BOH), announced today the appointment of David W. Thomas, Vice Chairman, Retail Banking; Allan R. Landon, Vice Chairman, Treasurer and Chief Financial Officer; and William C. Nelson, Vice Chairman, Corporate Risk, to the bank's Board of Directors. The three new members will also serve on the bank's Charitable Foundation Board. The appointments are effective immediately.
In addition to O'Neill, two other Bank of Hawaii executives currently serve on the bank board: Alton Kuioka, Vice Chairman, Commercial Banking, and Donna Tanoue, Vice Chair, Financial Services.
O'Neill said, "The three appointments are in recognition of the key positions these executives hold within our organization. We will now have full representation of our three key business units—retail banking, commercial banking and financial services, as well as our finance and risk management areas. Dave, Al and Bill's contributions to the company have already been very significant, and I look forward to working with them in their expanded capacities."
Dave Thomas joined the bank in July 2001. As head of the Retail Banking Group, he is responsible for developing and implementing strategic initiatives and managing the results for the bank's diverse lines of retail business. These include the branch and ATM distribution systems, small business banking, deposit products, consumer lending, mortgage banking and corporate marketing functions. It also includes retail operations in American Samoa.
Prior to joining Bank of Hawaii, Thomas was Executive Vice President of Retail Lending at Summit Bank in Princeton, New Jersey. He also spent 24 years at Bank One Corporation where he held a number of executive positions.
Thomas holds a master's degree in business administration from Butler University in Indiana and a bachelor of science degree in finance from Indiana University. He serves as director of the Consumer Bankers Association and the Aloha United Way.
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BOH Appoints New Directors
Allan Landon joined the bank in April 2000 as Executive Vice President and Director of Risk Management. In February 2001 he was named Chief Financial Officer and appointed Vice Chair. His responsibilities include overseeing treasury, investments, financial reporting, accounting, investor relations, performance management division, corporate sourcing and policy guidance.
Prior to BOH, he served as Chief Financial Officer of First American Corporation in Nashville, Tenn. Prior to that he was with Ernst & Young, LLP for 28 years.
He received his bachelor of science degree in accounting from Iowa State University and is a Certified Public Accountant. Landon serves on the Hawaii Council for the Humanities.
William Nelson, who joined the bank in January 2001, is responsible for overseeing the management of corporate-wide risk, excluding interest rate and liquidity risk.
Prior to joining the bank, he spent 24 years with Bank of America, most recently serving as Managing Director in charge of the credit products group handling the U.S. healthcare industry. Before that, he was an Executive Vice President based in Hong Kong where he was the Senior Credit Officer for the Asia-Pacific region.
He received his master's degree in business administration from UCLA and a bachelor of arts degree from the University of Puget Sound. He served four years in the U.S. Air Force as an officer through the rank of Captain in intelligence-related duties in the U.S. and Southeast Asia. He is a member of the Advisory Board of the Hawaii Institute for Public Affairs and the Board of the Aloha Council-Boy Scouts of America.
Bank of Hawaii Corporation (formerly Pacific Century Financial Corporation) is a regional financial services company serving businesses, consumers and governments in Hawaii, the West Pacific and American Samoa. Bank of Hawaii was founded in 1897 and is the leading locally headquartered commercial bank in the state of Hawaii.
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EXHIBIT TO CURRENT REPORT ON FORM 8-K DATED April 26, 2002
Bank of Hawaii Appoints Three New Directors to Board