Reported by Star-Bulletin staff & wire
Friday, July 12, 1996
Reported by Star-Bulletin staff & wire
Friday, July 12, 1996
Ronald K. Migita, president and chief operating officer at CB Bancshares, takes over additional duties as president of International Savings replacing Richard C. Lim, who will become president of ISL Capital Corp.
The move gives Lim more time to concentrate on residential lending, a company spokesman said. As a subsidiary of International Savings, ISL Capital Corp. does the residential lending for the thrift.
James Morita, CB Bancshares' chairman and chief executive officer, said that the company wants "to strengthen its mortgage lending operations at a time when the market is witnessing a revival in consumer confidence and a surplus of a housing inventory."
CB Bancshares, a bank-holding company with assets of $1.4 billion, owns City Bank and International Savings.
The stations said that KQMQ's parent, Desert Communications II, with partner Caribou Communications will buy KPOI-FM when regulatory approvals are received.
The guards are scheduled to return to work on Sunday.
The four-year contract is retroactive to July 1, and includes a 2.9 percent pay raise in the first year, said Matt McKnight, president of Local 1 of the Hawaii Association of Security Officers. After that, guards will get whatever raise is obtained by hospital employees represented by the Teamsters Union.
The main point of contention in the negotiations was whether the hospital could hire outside guards if it needed to. The hospital wanted that option, and the union ended up allowing it.