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CB BANCSHARES, INC. 1993 ANNUAL MEETING SHAREHOLDERS AMEND ARTICLES OF INCORPORATION

 HONOLULU, May 11 /PRNewswire/ -- CB Bancshares, Inc. (NASDAQ-NMS: CBBI) today announced that 82.4 percent of its shares outstanding were represented at its 1993 annual meeting of stockholders held on May 7, 1993. The shareholders approved an amendment to the Articles of Incorporation to increase the authorized common stock from 25 million common shares to 50 million common shares; and elected three directors and an independent auditor.
 Hilarion T. Benedicto, Robert M. Kaya and Robert R. Taira were elected directors for a three year period. Grant Thornton was elected as independent auditor.
 CB Bancshares is the fourth largest holding company in Hawaii and parent of City Bank, Honolulu, a state-chartered commercial bank operating 12 banks on three islands. Its primary clients are mid-sized businesses and retail customers.
 -0- 5/11/93
 /CONTACT: Daniel Motohiro of CB Bancshares, 808-546-2424, or Robert Amen of Robert Amen Associates, 203-629-2244, for CB Bancshares/
 (CBBI)


CO: CB Bancshares, Inc. ST: Hawaii IN: FIN SU:

TS-TM -- NY092 -- 7220 05/11/93 16:21 EDT
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Publication:PR Newswire
Date:May 11, 1993
Words:168
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