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May 23, 2002
| CONTACTS: |
Peggy Speck
Federal Reserve Bank of San Francisco
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(415) 974-3415 |
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Stafford Kiguchi
Bank of Hawaii
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(808) 537-8580 |
O'NEILL TO REPRESENT FED DISTRICT
IN WASHINGTON, D.C.
SAN FRANCISCO -- Michael E. O'Neill, chairman, chief
executive officer, and president of Bank of Hawaii and Bank of Hawaii
Corporation (formerly known as Pacific Century Financial Corporation),
has been selected by the directors of the Federal Reserve Bank of San
Francisco to serve as the bank's member of the Federal Advisory Council
in Washington, D.C. for 2002. He succeeds Steven L. Scheid, formerly of
Charles Schwab & Co., Inc.
The Council is comprised of a representative from
each of the twelve Reserve Bank districts, and meets quarterly with the
Board of Governors of the Federal Reserve System. The members provide
the System with an evaluation of the state of business on a regional basis,
and serve as a sounding board for various System ideas and proposals.
O'Neill, 55, became Chairman of the Board of Directors
and Chief Executive Officer of Bank of Hawaii Corporation and its principal
subsidiary, Bank of Hawaii, on November 3, 2000. He assumed the additional
role of President on April 1, 2002. Mr. O'Neill, the company's seventh
chairman, is the former Vice Chairman and Chief Financial Officer of Bank
of America. Mr. O'Neill left Bank of America in February 1999 to become
Chief Executive Officer of Britain's Barclays PLC, one of the twenty largest
banking companies in the world. (He resigned that position because of
an illness from which he now has fully recovered.) During his thirty years
in the banking industry, Mr. O'Neill has lived and worked extensively
in Europe and Asia as well as the U.S mainland. Born in Santa Monica,
California, he received his Bachelor of Arts from Princeton University
and his MBA from the Colgate Darden School of the University of Virginia.
Among his business and community involvements, O'Neill
is a member of the Hawaii Business Roundtable, Financial Services Roundtable
and Enterprise Honolulu Advisory Council. He serves on the Boards of ASSETS
School, Honolulu; Hawaii Community Reinvestment Corporation; Cardigan
Mountain School, Canaan, New Hampshire; American Diabetes Association;
Bishop Museum; and the Honolulu Symphony.
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