CENTRAL PACIFIC FINANCIAL CORP

Central Pacific Financial Corp. is a Hawaii-based bank holding company that operates through its main subsidiary, Central Pacific Bank. The company was organized on February 1, 1982, with its predecessor entity originally incorporated on January 15, 1954. Central Pacific Financial Corp. reports its financial results on a fiscal year ending December 31 and operates as a single reportable segment: banking operations. Through Central Pacific Bank and its subsidiaries, the company provides full-service commercial banking across the State of Hawaii. It operates 27 bank branches and 55 ATMs. The administrative and main offices are located in Honolulu, with 20 branches on Oahu, four branches on Maui, two on Hawaii Island, and one on Kauai. Central Pacific Bank offers a full range of deposit and lending products and services to both consumer and business customers. These include demand, money market, savings, and time deposits. Lending products include commercial and industrial, construction, commercial real estate, residential mortgage, home equity, and consumer loans. The company also provides cash management, digital banking, fiduciary, and investment management services. Central Pacific Bank's deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to applicable limits. The Bank became a member of the Federal Reserve System in January 2025. The company generates income primarily from interest and fees on loans, interest and dividends on investment securities, and fees from deposit and other services.