A Honolulu banking company is dissolving its thrift subsidiary in an effort to reduce expenses and placate regulators.

CB Bancshares is merging its International Savings and Loan Association subsidiary into its main bank, City Bank. The merger is expected to be completed in the first half of 1997.

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.