UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report
(Date of earliest event reported)        November 30, 2000
-----------------

PACIFIC CENTURY FINANCIAL CORPORATION
-------------------------------------
(Exact name of registrant as specified in its charter)

Delaware              1-6887               99-0148992
--------------------       ------------         --------------
(State of Incorporation)    (Commission          (IRS Employer
File Number)      Identification No.)

130 Merchant Street, Honolulu, Hawaii               96813
--------------------------------------            -----------
(Address of principal executive offices)          (Zip Code)

(Registrant's telephone number,
including area code)            (888) 643-3888
--------------

-1-

Item 5.        Other Events

(a)  Exhibit 99.1

Press Release

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Date: November 30, 2000               PACIFIC CENTURY FINANCIAL
-----------------               CORPORATION

/s/ Michael E. O'Neill
-----------------------------
Michael E. O'Neill
Chairman and Chief Executive Officer

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

PACIFIC CENTURY FINANCIAL CORPORATION

EXHIBIT TO CURRENT REPORT ON
FORM 8-K DATED November 30, 2000

Commission File Number 1-6887

[PACIFIC CENTURY LETTERHEAD]

PACIFIC CENTURY FINANCIAL CORPORATION SEEKING POTENTIAL
BUYERS FOR ARIZONA BRANCH FRANCHISE

FOR IMMEDIATE RELEASE

Honolulu, Hawaii (November 30, 2000) -- Pacific Century Financial
Corporation has retained Credit Suisse First Boston to serve as the investment
banking firm in exploring the possible sale of the nine Arizona branches of its
subsidiary Pacific Century Bank (PCB), N.A.

Pacific Century Bank's nine Arizona branches are located in Phoenix
(Airport, Camelback, Central), Scottsdale, Tucson, Green Valley, Mesa, Prescott
and Yuma. As of September 30, 2000, PCB in Arizona had total deposits of $410
million and employs approximately 75 people.

Richard Dahl, President of Pacific Century Financial Corporation, said,
"The decision to explore the sale of these assets was a difficult one, and was
the result of planning efforts begun in early 2000. It was apparent that Pacific
Century's shareholders would be better rewarded by focusing on developing our
strong franchise in the small and middle market business of Southern
California." PCB has 19 branches in Southern California.

PCB entered the Arizona market in 1987 with the acquisition of five
First National Bank of Arizona branches. In 1997 four branches of Home Savings
of America were added to the network. Pacific Century Financial Corporation is a
$13.9 billion regional financial services company with locations throughout the
Pacific region. Headquartered in Honolulu, Hawaii, Pacific Century and its
subsidiaries provide varied financial services to businesses, governments and
consumers in four principal markets: Hawaii and 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.

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