Central Pacific Bank

Central Pacific Bank is an American regional commercial bank headquartered in Honolulu, Hawaii. It was founded by Koichi Iida, a Honolulu business leader, with assistance from Sumitomo Bank in Japan. Mr. Iida was President from 1954 to 1960.^[1] It is the main subsidiary of Central Pacific Financial Corporation (NYSE: CPF). The bank is the fourth-largest financial institution in Hawaii, with $6.6 billion in assets as of December 31, 2020.^[2]

Central Pacific Financial Corporation

Traded as	NYSE: CPF S&P 600 component
Headquarters	Honolulu, Hawaii , U.S.

Central Pacific Financial Corporation

Central Pacific Financial Corporation is a bank holding company based in Honolulu, Hawaii, whose primary subsidiary is Central Pacific Bank. In 2004, Central Pacific Financial Corporation acquired CB Bancshares, Inc.^[3] CB Bancshares' main subsidiary was City Bank of Honolulu, and it traded on NASDAQ under CBBI ticker. Before the merger, Central Pacific was the third largest and CB Bancshares was the fourth-largest bank holding company in Hawaii. The merger left Central Pacific as the third largest. The management of CB Bancshares opposed the acquisition.^[4]

References

1. "Untold Story Behind Origin of Central Pacific Bank". Honolulu Record. Vol. 10, no. 49. 3 July 1958. p. 3.
2. "Central Pacific Financial Corp. Reports Fourth Quarter 2020 Quarterly And Annual Results". Retrieved 27 January 2021.
3. "Central Pacific and City Bank Agree to Merge". PRNewswire-FirstCall. April 23, 2004. Retrieved 19 August 2012.
4. "Central Pacific Financial Corp. Honolulu, Hawaii: Order Approving the Acquisition of a Bank Holding Company" (PDF). FEDERAL RESERVE SYSTEM. Retrieved 19 August 2012.

External links

• Central Pacific Bank website

• Banks portal