Financial Release

HONOLULU, Jul 18, 2001 (BUSINESS WIRE) -- Pacific Century Financial Corporation (NYSE:BOH), will hold its quarterly conference call to discuss second quarter results and 2001 outlook on Monday, July 23, 2001, at 2:00 p.m. Eastern Time (8 a.m. Hawaii Time).

This call is being webcast by CCBN and can be accessed at Pacific Century Financial Corporation's Web site at www.boh.com. The live presentation will be accessible via teleconference by dialing 800/553-0327 in the U.S. or 612/332-0932 for international callers. A replay will be available for one week beginning at 6:00 p.m. ET on Monday, July 23, 2001, by dialing 800/475-6701 (U.S.) or 320/365-3844 (International) and entering the number 593861 when prompted.

The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network such as America Online's Personal Finance Channel, Fidelity Investments(R) (Fidelity.com) and others. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com). StreetEvents allows institutional investors to identify, organize, and track the hundreds of conference calls that occur each day during earnings season, to download events of interest to their Outlook calendar, and to RSVP to events online.

    About Pacific Century Financial Corporation:

Pacific Century Financial Corporation is a regional financial services holding company with locations throughout the Pacific region. Pacific Century and its subsidiaries provide varied financial services to businesses, governments and consumers in four principal markets: Hawaii and the West Pacific, South Pacific, Asia and selected markets on the U.S. Mainland. Pacific Century's principal subsidiary, Bank of Hawaii, is the largest commercial bank in the state of Hawaii.

CONTACT:          Pacific Century Financial Corporation
                  Media Inquiries:
                  Stafford Kiguchi, 808/537-8580
                  skiguchi@boh.com
                  or
                  Investor/Analyst Inquiries:
                  Cindy Wyrick, 808/537-8430
                  cwyrick@boh.com