BNET Industries

Market Cap:$26.6M
Last Fiscal Year Sales:$358.7M
  • Public
  • US
Dow Jones Description

Central Pacific Financial Corp., a Hawaii corporation and bank holding company registered under the Bank Holding Company Act of 1956 (as amended), was organized on February 1, 1982. Our principal business is to serve as a holding company for our bank subsidiary, Central Pacific Bank, which was incorporated in its present form in the state of Hawaii on March 16, 1982 in connection with the holding company reorganization, and its predecessor entity was incorporated in the state of Hawaii on January 15, 1954. When we refer to "the Company," "we," "us" or "our," we mean Central Pacific Financial Corp. and its subsidiaries (consolidated). When we refer to "Central Pacific Financial Corp." or to the holding company, we are referring to the parent company on a standalone basis, and we refer to Central Pacific Bank herein as our bank or the bank. Through our bank and its subsidiaries, we offer full-service commercial banking with 39 bank branches and more than 95 ATMs located throughout the state of Hawaii. Our administrative and main offices are located in Honolulu and we have 32 branches on the island of Oahu. We operate four branches on the island of Maui, two branches on the island of Hawaii and one branch on the island of Kauai. We also have offices in California serving customers there. Our bank's deposits are insured by the Federal Deposit Insurance Corporation ("FDIC") up to applicable limits. The bank is not a member of the Federal Reserve System (the "Fed").

Chairman, President & Chief Executive Officer
Ronald K. Migita
Number of Employees 1,002
Contact Information

220 S King St

Honolulu, Hawaii 96813

centralpacificb...

(808) 544-0500

NAICS Code Commercial Banking: 522110

Recent Events

  • Bank Watch: Small Business Banks Floundering

    11/11/09 - Financial Announcement - View Story

  • Central Pacific stock issue approved

    10/23/09 - Mgmt. Change Leaving - Other - View Story

  • Maui Land posts $25.5M loss: Company latest in local sector to report decline in third-quarter...

    10/31/09 - Financial Announcement - View Story

  • Central Pacific Financial names COO

    10/14/09 - Board Member - Entering - View Story

  • Fitch downgrades Central Pacific's preferred stock rating

    9/30/09 - Bond / Stock Rating - View Story

  • Central Pacific Financial Corp. Reports Second Quarter 2009 Results

    7/29/09 - Financial Announcement - View Story

  • UPDATE 1-Central Pacific sees Q2 loss, to offer $100 mln stock

    7/14/09 - Financial Announcement - View Story

  • B. Riley & Co. LLC initiates coverage of Central Pacific Financial at 'buy'

    6/22/09 - Bond / Stock Rating - View Story

News & Analysis

central pacific financial corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Neal Kanda President & COO
Sam O. Hirota President
Tom Zimmerman President of Central Pacific Homeloans
Andrew Rosen Senior Vice President & Chief Marketing Officer
Curtis W. Chinn Executive Vice President and Cco
Denis K. Isono Executive Vice President
Jon Whittington Executive Vice President of Retail Lending at Central Pacific Homeloans
David Morimoto Senior Vice President & Treasurer
Glenn Ching General Counsel, Senior Vice President & Secretary
Angie Higa Central Pacific Bank Vice President and Branch Manager
Gwen S. Lau Vice President
Patrice Matsumoto Vice President and Kihei Branch Manager
Sharon Yoshida Vice President & Controller
Sherri Lee Vice President & Commerical Banking Officer
Susan Utsugi Vice President
Jeannie Hedberg Managing Partner
Arnold Martines Senior Vice President and Manager of Central Pacific Bank's Community
Candice Naito Senior Vice President & Metro Region Manager
Derwin Osada Manager, Equity
Lorene Okimoto Manager, Asset Management
Scott Takemoto Manager, Equity
Teresa Yee Senior Portfolio Manager
Sherri Yim Senior Vice President & Controller

Board of Directors

Name (plus bio) Position
Ronald K. Migita Chairman, President & Chief Executive Officer
Dean K. Hirata Vice Chairman and Chief Financial Officer
B. Jeannie Hedberg Board of Directors
Blenn A Fujimoto Vice Chairman
Christine Friedman Board of Directors
Christine H H Camp Board of Directors
Christine H.H. Champ Friedman Board of Directors
Colbert M. Matsumoto Board of Directors
Crystal K Rose Board of Directors
Dennis I. Hirota Board of Directors
Duane K. Kurisu Board of Directors
Dwight L. Yoshimura Board of Directors
Earl E. Fry Board of Directors
Gilbert Matsumoto Board of Directors
Maurice H. Yamasato Board of Directors
Mike K. Sayama Board of Directors
Paul J. Kosasa Board of Directors
Richard Blangiardi Board of Directors
Richard J. Balangiardi Board of Directors

"Ronald K. Migita was born and raised on Wailuku, Maui. Mr. Migita earned his Bachelor’s Degree in Business Administration from the University of Hawaii at Manoa. He also graduated from the Pacific Coast Banking School at the University of Washington and the University of Hawaii Advanced Management Program. He also spent three years in the United States Army, and was stationed in West Germany. In 1966, Mr. Migita began his banking career at Bank of Hawaii as a bank trainee. He’d eventually spend 28 years there, serving in various managerial and executive capacities, and eventually, was named Executive Vice President and Manager of the bank’s Business Financial Services Group. In 1995, Mr. Migita served as President and Chief Executive Officer of CB Bancshares, Inc. whose principal subsidiary was City Bank. In 2004, Mr. Migita joined Central Pacific Financial Corp., following the merger of Central Pacific Financial Corp and CB Bancshares, Inc. and served as Chairman of the Board. On August 1, 2008, Mr. Migita was named President & CEO of both Central Pacific Financial Corp. and Central Pacific Bank Mr. Migita currently serves on the University of Hawaii Board of Regents, the Research Corporation of the University of Hawaii, the Aloha Council of the Boy Scouts of America, the National Board of the Boy Scouts of America, and is a Trustee for the Public Schools of Hawaii Foundation."

Organization Position Status
Central Pacific Financial Corporation Chairman, President & Chief Executive Officer Current

Organization Position Status
Central Pacific Financial Corporation President & COO Current

Organization Position Status
Central Pacific Financial Corporation President Current

Organization Position Status
Central Pacific Financial Corporation President of Central Pacific Homeloans Current

Organization Position Status
Central Pacific Financial Corporation Senior Vice President & Chief Marketing Officer Current

"Curtis W. Chinn is Executive Vice President and Chief Risk Officer. In this role, Chinn oversees all compliance and audit functions, credit-related programs, and the overall credit quality for the bank. Chinn joined Central Pacific Bank in 2003 as Senior Vice President and Commercial Banking Division Manager of the Financial Services Group, overseeing the Financial Services' sales teams, including commercial lending functions. Previously, Chinn worked at Silicon Valley Bank as Senior Vice President in the Specialty Finance Division, and at Bank of Hawaii as Senior Vice President and Division Manager of the Insurance Services Division, the Leasing Division and the Corporate Banking Division. He is a 28-year veteran of the financial services industry. Active in the community, Chinn serves on the boards for the Hawaii Nature Center and the Juvenile Diabetes Research Foundation, Hawaii Chapter. He is also a member of the Outrigger Canoe Club, the Oahu Country Club and the Pacific Club. Chinn is a graduate of the University of California, Davis, with a BA and MA in Economics. He is a resident of Honolulu."

Organization Position Status
Central Pacific Bank Chief Risk Officer Current
Central Pacific Financial Corporation Executive Vice President and Cco Current

"Dean K. Hirata serves as Vice Chairman & Chief Financial Officer of Central Pacific Financial Corp., the holding company of Central Pacific Bank. Prior to Central Pacific Financial Corp., he served as Senior Vice President and Chief Financial Officer of CB Bancshares, Inc., a bank holding company, whose principal subsidiary was City Bank. Prior to joining CB Bancshares, Inc. in 1999, Mr. Hirata served as Controller during his 9-year career at First Hawaiian Bank. During his tenure there, his projects included the development and implementation of a bank-wide performance reporting system and various M&A financial analyses, including the merger of the former BancWest Corporation with and into First Hawaiian, Inc. in 1998. A certified public accountant by profession, Mr. Hirata has a wealth of experience and expertise in the financial aspects of business with emphasis on the financial services industry. He began his professional career in 1980 at the international accounting firm of KPMG Peat Marwick. During his 10 years at KPMG, he supervised audits and other services for several industries, including financial institutions, hotels and non-profit institutions. He eventually rose to the position of Senior Manager. He also serves in numerous non-profit organizations, including the board of the Honolulu Japanese Chamber of Commerce, the Japanese Cultural Center of Hawaii and the Hawaii Chapter of the American Red Cross. Born in Honolulu, Hawaii, Mr. Hirata received his Bachelor of Business Administration in Accounting from the University of Hawaii at Manoa. His professional affiliations include the Hawaii Society of Certified Public Accountants, American Institute of Certified Public Accountants and Financial Executives Institutes, Hawaii Chapter."

Organization Position Status
Central Pacific Bank Vice Chairman & Chief Financial Officer Current
Central Pacific Financial Corporation Vice Chairman and Chief Financial Officer Current
Central Pacific Financial Corporation Board of Directors Former

Organization Position Status
Central Pacific Financial Corporation Executive Vice President Current
Central Pacific Bank Executive Vice President Current

Organization Position Status
Central Pacific Financial Corporation Executive Vice President of Retail Lending at Central Pacific Homeloans Current

Organization Position Status
Central Pacific Financial Corporation Senior Vice President & Treasurer Current

Organization Position Status
Central Pacific Financial Corporation General Counsel, Senior Vice President & Secretary Current

Organization Position Status
Central Pacific Financial Corporation Central Pacific Bank Vice President and Branch Manager Current

Organization Position Status
Central Pacific Financial Corporation Vice President Current

Organization Position Status
Central Pacific Financial Corporation Vice President and Kihei Branch Manager Current

Organization Position Status
Central Pacific Financial Corporation Vice President & Controller Current

Organization Position Status
Central Pacific Financial Corporation Vice President & Commerical Banking Officer Current

Organization Position Status
Central Pacific Financial Corporation Vice President Current

Ms. Hedberg is a Certified Public Accountant; Managing Partner, Hedberg, Freitas, King & Tom, CPAs LLP (1969-present)

Organization Position Status
Central Pacific Financial Corporation Managing Partner Current

Organization Position Status
Central Pacific Financial Corporation Senior Vice President and Manager of Central Pacific Bank's Community Current

Organization Position Status
Central Pacific Financial Corporation Senior Vice President & Metro Region Manager Current

Organization Position Status
Central Pacific Financial Corporation Manager, Equity Current

Organization Position Status
Central Pacific Financial Corporation Manager, Asset Management Current

Organization Position Status
Central Pacific Financial Corporation Manager, Equity Current

Organization Position Status
Central Pacific Financial Corporation Senior Portfolio Manager Current

Organization Position Status
Central Pacific Bank Vice President, Assistant Secretary & Assistant Treasurer Current
Central Pacific Financial Corporation Senior Vice President & Controller Current

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current

"Blenn A. Fujimoto serves as Vice Chairman of Central Pacific Bank and Chief Executive Officer of Central Pacific HomeLoans, a wholly-owned subsidiary of Central Pacific Bank. Mr. Fujimoto oversees the entire Hawaii market, including 38 branches of Central Pacific Bank and five full-service mortgage offices of Central Pacific HomeLoans statewide. From commercial to consumer lending, as well as private banking, wealth management, product development and marketing, Mr. Fujimoto is responsible for increasing the Bank's market penetration with an effective sales and service program in providing a solid banking experience for customers of Central Pacific Bank. Previously, he served as Executive Vice President of the Hawaii market and CEO of Central Pacific Home Loans. Prior to joining Central Pacific Bank in 2000, Mr. Fujimoto served 20 years with Bank of Hawaii, most recently as Vice President and District Manager of the Ala Moana District where he oversaw six traditional branches and a supermarket branch. Mr. Fujimoto is a 26-year veteran of the banking industry and was recognized as the 2005 Financial Services Champion for Oahu by the U.S. Small Business Administration. Visionary and a genuine advocate for small businesses, Mr. Fujimoto is a true friend of small business assisting in countless ways, from providing start-up financing and capital for growth to offering invaluable insight and advice for new business owners as well as succession planing for others. Under Mr. Fujimoto’s direction and leadership, Central Pacific Bank was the SBA Lender of the Year in 2005 for Hawaii Category II lenders for the second consecutive year. Other examples showcasing Mr. Fujimoto’s support of small business in Hawaii include the development of two innovative programs designed specifically to assist the small business owner. The first, Central Pacific Bank’s SBA CommunityExpress Loan Program, provides unsecured loans and lines of credit, as well as technical assistance to eligible small businesses including those owned 51% or more by women, ethnic minorities, veterans or located in low to moderate income areas. The second, Central Pacific Bank’s Women’s Business Central, is the first comprehensive program in the state of Hawaii created by a local financial institution designed specifically to help women business owners with capital, education and resources to help them succeed. A leader in professional and community organizations, Mr. Fujimoto currently serves on the boards for Boys and Girls Club of Hawaii, Enterprise Honolulu, Manoa Valley Theatre, Pacific and Asian Affairs Counsel, Aloha United Way and Pacific Coast Banking School. Born in Fukuoka, Japan, Mr. Fujimoto received his Bachelor of Business Administration in Finance from the University of Hawaii at Manoa. He is also a graduate of the Pacific Coast Banking School at the University of Washington."

Organization Position Status
Central Pacific Financial Corporation Vice Chairman Current

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current

Ms. Camp is Managing Director of Avalon Development Company, LLC.

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current

"Chairman and Chief Executive Officer, Island Insurance Company, Ltd. (1999-present) (insurance)"

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current

Organization Position Status
Bays Deaver Lung Rose Baba Partner Current
The Bays Current
Central Pacific Financial Corporation Board of Directors Current
Oakland International Airport Director Current
Frog Design, Inc. Director Current
Hapeople Director Current
Kamehameha Schools CEO Former
University of Hawaii member) Lecturer Former
Central Pacific Bank Former
Hastings College of the Law J.D. Former

Mr. Hirota has been President of Sam O. Hirota, Inc. Engineering and Surveying from 1986-present. He is a Registered Professional Engineer and Licensed Professional Land Surveyor.

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current
Corporate Governance Board of Directors Current

Mr. Yoshimura is Senior Vice President & Senior General Manager GGP Limited Partnership.

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current

A financial management veteran who has led the financial growth of successful public and private technology companies, Mr. Fry joined Informatica in January 2000 and reports directly to Informatica CEO Sohaib Abbasi. Prior to joining Informatica, Mr. Fry served for four years as vice president and chief financial officer at Omnicell.com, a provider of supply chain management solutions to the healthcare industry. He previously held the position of vice president, CFO, and treasurer at C-ATS Software, a provider of risk-management products for global financial institutions, and CFO at Weitek Corporation, a semiconductor company. Mr. Fry began his career in public accounting with Ernst & Young. He received an M.B.A. from the Stanford Graduate School of Business and a B.B.A. in accounting from the University of Hawaii.

Organization Position Status
Informatica Corporation Executive Vice President and Chief Financial Officer Current
Xactly Corporation Co Board of Directors Current
Informatica Corporation Secretary Current
Central Pacific Financial Corporation Board of Directors Current
Weitek Corporation Chief Financial Officer Former
Omnicell Inc. Chief Financial Officer Former
Omnicell Inc. Vice President Former
Stanford Graduate School of Business Masters Degree In Business Administration Degree Former
Stanford University M.B.A. Degree Former
University of Hawaii Bachelor of Business Administration In Accounting Former

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current

"President, Yamasato, Fujiwara, Higa & Associates, Inc. (1987-present) (architecture)"

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current

Mr. Sayama is Vice President of Customer Relations for Hawaii Medical Service Association.

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current

Mr. Kosasa is President & Chief Executive Officer, MNS, Ltd., dba ABC Stores 1999-present); Executive Vice President and District Manager of MNS Ltd., dba ABC Stores (1997-1998).

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current

Mr. Blangiardi is Senior Vice President & General Manager, Emmis Communications Corp. (2002-present); President, Telmundo Holding Inc. (1999-2002); Managing Director, Brad Marks International (1999); Chief Executive Officer, Premier Horse Network (1997-1999)

Organization Position Status
Central Pacific Financial Corporation Board of Directors Current

Executive News

  • Central Pacific Financial Corp. Announces Shareholders Meeting Date

    PR Newswire - 8/10/09 - View Story

  • Shareholders to vote on CPB stock deal

    Pacific Business News (Honolulu) - 8/10/09 - View Story

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     CPF $0.88 -0.03 (-3.30% )
Average Volume 1,207,950
Shares Outstanding 28.76M
Market Cap 25.3M
Year High 13.19
Year Low 0.87
Earnings Per Share -7.51
P/E Ratio -0.12
Dividend 0.40
Yield 45.45
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