Reported by Star-Bulletin staff & wire
Monday, November 2, 1998
State to auction abandoned goods
Foreign Trade Zone No. 9, the state warehouse at Pier 2 that allows importers to hold goods duty-free while they process or re-ship them, has a lot of goods that renters have abandoned and will auction them all off through a sealed-bid system.The public won't be able to buy individual items but there will be sales, by lot, of stacks of goods ranging from handbags and travel bags to apparel and fruit baskets. Goods may be viewed at Pier 2 from 10:30 a.m. to 2 p.m. Monday-Friday this week and next Monday. Sealed bids must be received by Nov. 10 and goods must be paid for and picked up by 4 p.m. Friday, Nov. 13. For information call 586-2507.
City Bank parent net up 2.4 percent
CB Bancshares Inc. had a third-quarter profit of $2.15 million, or 61 cents a share, up 2.4 percent from $2.1 million, or 59 cents a share, in last year's third quarter. The parent of City Bank and International Savings & Loan Association, credited a rise in new home mortgages.At the end of September, the company had assets of $1.4 billion, up 0.7 percent from a year earlier; deposits of $1.05 billion, up 8.7 percent; and loans of $1.07 billion, up 0.2 percent. The company has 23 branches on Oahu, Maui and the Big Island. It reported a $6.2 million profit for the nine months through Sept. 30, up 5.8 percent from the same period last year.
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