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PART FOUR OF FIVE: Pacific Century Financial Corporation Reports Second Quarter Earnings of $0.08 Per Share

BW0031 JUL 20,2000 2:29 PACIFIC 5:29 EASTERN

( BW)(HI-PACIFIC-CENTURY)(BOH) PART FOUR OF FIVE: Pacific Century Financial Corporation Reports Second Quarter Earnings of $0.08 Per Share

Business Editors

PART FOUR OF FIVE

        Pacific Century Financial Corporation and subsidiaries
        Consolidated Non-Performing Assets and Accruing Loans
                       Past Due 90 Days or More
                              (Unaudited)

                                      Jun 30    Mar 31     Dec 31
(in millions of dollars)               2000      2000       1999

Non-Accrual Loans
 Commercial and Industrial            $52.7      $20.1      $23.7
 Real Estate
  Construction                          8.0        0.9        1.1
  Commercial                           51.0       18.2       19.0
  Residential                          23.2       23.2       29.7
 Installment                            0.1        0.5        0.5
 Leases                                 0.3        3.7        3.9

  Total Domestic                      135.3       66.6       77.9
 Foreign                               59.2       65.2       67.4

  Subtotal                            194.5      131.8      145.3

Restructured Loans
 Commercial                              --         --         --

 Subtotal                                --         --         --

Foreclosed Real Estate

 Domestic                               4.6        4.3        4.3
 Foreign                                0.3        0.3        0.3

  Subtotal                              4.9        4.6        4.6

  Total Non-Performing Assets         199.4      136.4      149.9

Accruing Loans Past Due 90 Days or
 More

 Commercial and Industrial              4.7        6.7        5.9
 Real Estate
   Construction                          --         --         --
   Commercial                           2.0        2.1        1.9
   Residential                          3.5        5.0        4.0
 Installment                            4.0        4.7        4.5
 Leases                                 1.5        1.4        1.2

  Total Domestic                       15.7       19.9       17.5
 Foreign                                1.3        3.2        1.0

  Subtotal                             17.0       23.1       18.5

  Total                              $216.4     $159.5     $168.4


Ratio of Non-Performing Assets
 to Total Loans                       1.98%      1.39%      1.54%

Ratio of Non-Performing Assets
 and Accruing Loans Past Due
 90 Days or More to Total Loans       2.15%      1.63%      1.73%


                                      Sep 30    Jun 30     Mar 31
(in millions of dollars)               1999      1999       1999

Non-Accrual Loans
 Commercial and Industrial           $31.7      $37.5      $39.1
 Real Estate
  Construction                         2.1        0.8        3.1
  Commercial                          20.8       17.2       18.7
  Residential                         33.1       35.2       37.6
 Installment                           0.7        0.8        0.5
 Leases                                4.8        4.4        4.5

  Total Domestic                      93.2       95.9      103.5
 Foreign                              55.7       47.5       53.6

  Subtotal                           148.9      143.4      157.1

Restructured Loans

 Commercial                             --         --         --

 Subtotal                               --         --         --

Foreclosed Real Estate

 Domestic                              5.6        5.8        6.1
 Foreign                               0.3        0.2        0.1

  Subtotal                             5.9        6.0        6.2

  Total Non-Performing Assets        154.8      149.4      163.3


Accruing Loans Past Due 90 Days or
 More

 Commercial and Industrial             6.2        3.9        4.3
 Real Estate
   Construction                        0.5        0.2        0.2
   Commercial                          2.4        0.2        0.4
   Residential                         2.8        3.7        3.5
 Installment                           4.5        5.2        6.9
 Leases                                0.2         --        0.1

  Total Domestic                      16.6       13.2       15.4
 Foreign                               5.0        8.2        6.3

  Subtotal                            21.6       21.4       21.7

  Total                             $176.4     $170.8     $185.0


Ratio of Non-Performing Assets
 to Total Loans                       1.59%      1.55%      1.69%

Ratio of Non-Performing Assets
 and Accruing Loans Past Due
 90 Days or More to Total Loans       1.81%      1.78%      1.92%


                                     Dec 31     Sep 30     Jun 30
(in millions of dollars)              1998       1998       1998
Non-Accrual Loans

 Commercial and Industrial           $28.2      $24.0      $23.7
 Real Estate
  Construction                         2.9        4.4        2.2
  Commercial                           5.4        6.7        3.4
  Residential                         36.4       35.9       35.2
 Installment                           0.8        0.9        1.9
 Leases                                0.7        0.8         --

  Total Domestic                      74.4       72.7       66.4
 Foreign                              57.5       67.9       59.7

  Subtotal                           131.9      140.6      126.1

Restructured Loans

 Commercial                             --         --        1.6

 Subtotal                               --         --        1.6

Foreclosed Real Estate

 Domestic                              5.5       10.8       11.6
 Foreign                               0.1        0.1         --

  Subtotal                             5.6       10.9       11.6

  Total Non-Performing Assets        137.5      151.5      139.3

Accruing Loans Past Due 90 Days or
 More

 Commercial and Industrial             0.4        7.3        2.4
 Real Estate
   Construction                        0.4        0.6        4.2
   Commercial                           --        0.8        0.9
   Residential                         4.5        4.8        2.4
 Installment                           7.3        6.6        6.4
 Leases                                0.3        0.1        0.9

  Total Domestic                      12.9       20.2       17.2
 Foreign                               7.9        7.1        4.9

  Subtotal                            20.8       27.3       22.1

  Total                             $158.3     $178.8     $161.4

Ratio of Non-Performing Assets
 to Total Loans                       1.40%      1.59%      1.47%

Ratio of Non-Performing Assets
 and Accruing Loans Past Due
 90 Days or More to Total Loans       1.61%      1.87%      1.71%


        Pacific Century Financial Corporation and subsidiaries
                   Summary of Loan Loss Experience

                                             First Six  First Six
                            Second     First    Months     Months
                           Quarter   Quarter     Ended      Ended
(in millions of dollars)      2000      2000      2000       1999

Average Amount of Loans
 Outstanding               $9,636.9  $9,484.1  $9,560.5  $9,432.1

Balance of Reserve for
 Loan Losses at Beginning
 of Period                   $195.4    $194.2    $194.2    $211.3
Loans Charged-Off
 Commercial and Industrial      8.3       1.4       9.7      15.4
 Real Estate
  Construction                  0.5        --       0.5       0.2
  Commercial                    7.6       3.9      11.5       2.2
  Residential                   1.3       2.4       3.7       3.6
 Installment                    5.2       4.7       9.9      12.9
 Leases                         0.2        --       0.2       0.1

  Total Domestic               23.1      12.4      35.5      34.4
        Foreign                13.4       3.7      17.1       5.8

Total Charged-Off              36.5      16.1      52.6      40.2
Recoveries on Loans
 Previously Charged-Off
 Commercial and Industrial      1.2       1.7       2.9       9.5
 Real Estate
  Construction                   --        --        --        --
  Commercial                    0.1       0.1       0.2       0.2
  Residential                   0.2       0.5       0.7       0.2
 Installment                    1.9       1.7       3.6       3.6

   Total Domestic               3.4       4.0       7.4      13.5
         Foreign                0.2       0.8       1.0       3.2

Total Recoveries                3.6       4.8       8.4      16.7

Net Charge-Offs               (32.9)    (11.3)    (44.2)    (23.5)
Provision Charged to
 Operating Expenses            83.4      13.5      96.9      26.5
Other Net Additions
 (Reductions)*                  0.7      (1.0)     (0.3)     (4.7)

Balance at End of Period     $246.6    $195.4    $246.6    $209.6

Ratio of Net Charge-Offs
 to Average Loans
 Outstanding  (annualized)     1.37%     0.48%     0.92%     0.50%

Ratio of Reserve to Loans
 Outstanding                   2.53%     2.05%     2.53%     2.23%




* Includes balance transfers, reserves acquired, and foreign currency translation adjustments.

(END OF PART FOUR OF FIVE)

CONTACT: Pacific Century Financial Corporation

Stafford Kiguchi, 808/537-8580 (Media Inquiries) Pager: 808 363-5383 Sharlene Bliss, 808/537-8037 (Investor/Analyst Inquiries)