BUSINESS BRIEFS
Bank expands on Sand Island
Advertiser Staff and News Services
First Hawaiian Bank has opened its expanded Sand Island branch at the Malolo Business Center.
First Hawaiian said the 1,852-square-foot branch began taking deposits and making loans yesterday. The new six-employee branch is across Sand Island Access Road from First Hawaiian's previous Sand Island branch.
"This expansion underscores our commitment to providing our customers a convenient banking experience," said Don Horner, First Hawaiian's president and chief executive officer.
MILILANI BUILDING PUT ON MARKET
Castle & Cooke Hawaii is selling its Mililani office building.
The privately held real estate and resort company is listing the 34,241-square foot Castle & Cooke Building with local commercial real estate broker Colliers Monroe Friedlander Inc.
According to Colliers, the building is 100 percent occupied and is projected to earn about $685,000 in rental income next year. Tenants include Castle & Cooke Homes Hawaii Inc., Lanier Worldwide Inc. and Verifone Inc.
CONVICTION OVERTURNED
NEW YORK — A federal appeals court yesterday threw out the conviction of former investment banking star Frank Quattrone, opening the door for yet another retrial in the government's obstruction case, unless prosecutors decide to drop the matter once and for all.
It also ordered that the case be reassigned to another judge.
Quattrone's lawyers said the trial judge, Richard Owen, made inconsistent rulings about evidence and testimony that kept their client from getting a fair trial. Quattrone had been sentenced to 18 months in prison after he was convicted of obstruction of justice in May 2004.
