A Hawaii banker who founded what is now the state's third-largest bank is stepping down after more than a generation at the helm.

James M. Morita, the 83-year-old chairman and chief executive officer of CB Bancshares, Honolulu, has announced plans to retire from his posts within a few months.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.