Central Pacific Financial Corp. (NYSE: CPF) is the fourth largest financial institution in Hawaii with more than $5 billion in assets. Central Pacific Bank ("CPB"), its primary subsidiary, is a full-service commercial bank that operates 39 branches and more than 95 ATMs throughout Hawaii, as well as loan production offices in California.
Central Pacific has grown steadily since its founding in 1954 and had total assets of more than $2.5 billion by early 2004. In September 2004, Central Pacific acquired its cross-town competitor, City Bank of Honolulu, increasing its total assets to $4.6 billion. In August 2005, the Company completed the acquisition of Hawaii HomeLoans, Inc., a residential mortgage loan broker.
In 2007, Central Pacific launched its community banking strategy. Through community involvement and long term relationships with its customers, the Company's goal is to be the primary point of contact for all business and personal banking needs. Integration into the neighborhood allows bankers in different regions to give personalized service, and giving autonomy to regional managers over charitable donations ensures that Central Pacific gives back to each of its communities.
Central Pacific Financial Corp. is a member of the S&P SmallCap 600 Index. For more information on Central Pacific, please visit www.centralpacificbank.com.
