Reported by Star-Bulletin staff & wire
Tuesday, April 21, 1998
Miyahira to retire from Castle & Cooke
Wally Miyahira, president of Castle & Cooke Inc.'s Oahu residential and commercial operations, said he will retire at the end of May or when a successor is in place.Miyahira has been with the company since 1983, when it was the Oceanic Properties division of Castle & Cooke.
He was with the city Department of Public Works from 1974 to 1980, serving as deputy director and later, director. From 1980-83, Miyahira was vice president and a principal of the design firm M&E Pacific Inc.
David H. Murdock, Castle & Cooke chairman and chief executive, praised Miyahira for his role in Oahu residential development and long-range planning for the company's future.
CB Bancshares' net increases 5.4 percent
First quarter earnings at CB Bancshares Inc. rose 5.4 percent thanks in part to cost-cutting measures.The parent of City Bank and International Savings & Loan netted $1.95 million, or 55 cents a share, during the quarter ended March 31. That compares with earnings of $1.85 million, or 52 cents a share, in the year-earlier quarter.
Ronald Migita, chief executive of CB Bancshares, attributed the increase to cost control measures that went into effect last year. But he noted that the weak local economy continues to put pressure on the company to strengthen its bottom line.
CB Bancshares, which operates 23 branches in Hawaii, said its total deposits rose 8.2 percent since last year to $1.02 billion while total loans are up 2.9 percent to $1.08 billion.
In other news . . .
WASHINGTON -- Sun Microsystems Inc. said today it received a five-year contract valued at up to $500 million to provide equipment and software to the U.S. Postal Service.
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