Central Pacific Bank

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Central Pacific Bank is a regional commercial bank headquartered in Honolulu, Hawaii. It is the main subsidiary of Central Pacific Financial Corporation (NYSECPF). The bank is the fourth-largest financial institution in Hawaii, with 39 branches throughout the state.

Central Pacific Financial Corporation[edit]

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.[1] 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.[2]

References[edit]

  1. ^ "Central Pacific and City Bank Agree to Merge". PRNewswire-FirstCall. April 23, 2004. Retrieved 19 August 2012. 
  2. ^ "Central Pacific Financial Corp. Honolulu, Hawaii: Order Approving the Acquisition of a Bank Holding Company". FEDERAL RESERVE SYSTEM. Retrieved 19 August 2012. 

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