Business briefs

Advertiser Staff

Bank subsidiary acquires firm

Bishop Street Capital Management, a First Hawaiian Bank investment management subsidiary, has acquired Honolulu-based CIC/HCM Asset Management Inc., a fixed-income specialist.

The purchase price was not disclosed. The acquisition adds $300 million in investment assets to Bishop Street, for a total of $3 billion under management. The deal is expected to close on June 1.

Lahaina to lose Down to Earth

Healthy's Inc. will close its Lahaina Down to Earth Natural Foods store on or after July 6 , the company told state labor officials.

The store's 22 employees are expected to be laid off or terminated. Healthy's operates six stores in Hawai'i.