a buyer for its bank properties in the Central Pacific when it was trying to withdraw from those markets. As a result, BOH closed its Majuro branch in the Republic of the Marshall Islands (RMI) and its three branches in Pohnpei, Yap, and Kosrae in the Federated States of Micronesia (FSM). BOH turned over its 51 percent interest in National Bank of Solomon Islands to the government of the Solomon Islands. Governance Poor performance by the bank in early 2000, contributed to chairman and CEO Lawrence M. Johnson's resignation in 2000 and bank president Richard Dahl being passed over as Johnson's replacement. Dahl left the company in 2002. In November 2000, Michael E. O'Neill was hired from outside the company to serve as chairman and CEO to correct mistakes made by the previous management. O'Neill did not take a salary or any bonuses during his three years at the helm, but in 2004 he controlled about 2.73 million — about 5 percent — of the bank's total shares directly or under option. O'Neill reversed the company's decline by selling off properties outside the company's core business area of Hawaii, Guam, and American Samoa. O'Neill stepped down as chairman and CEO in 2004. In December 2003, Allan R. Landon was promoted from chief financial officer to president and later to chairman and CEO upon O'Neill leaving in September 2004. Under Landon's leadership, the Bank of Hawaii "survived the financial crisis without federal assistance and prospered in its aftermath". In 2008, Landon handed his position of president to Peter S. Ho while Landon retained his chairman and CEO posts. Two years later Ho was given the additional titles of chairman and chief executive officer in addition to president upon the retirement of Allan R. Landon in 2010. See also List of S&P 400 companies References External links BOH Annual Reports (1999–present) Companies listed on the New York Stock Exchange Banks based in Hawaii American companies established in 1897 Banks established in 1897 Companies based in Honolulu 1897 establishments in Hawaii