Central Pacific Bank Announces Executive Leadership Promotions
October 27, 2021 at 03:00 am IST
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Paul Yonamine, Chairman and CEO of Central Pacific Financial and Executive Chairman of Central Pacific Bank, and Catherine Ngo, President of CPF and CPB, announced the following executive leadership promotions, effective January 1, 2022: Arnold Martines, 57, from Executive Vice President and Chief Banking Officer of CPF and CPB to President and Chief Operating Officer of the two entities; David Morimoto, 53, from Executive Vice President of CPF and CPB, to Senior Executive Vice President of both entities; Kevin Dahlstrom, 50, from Executive Vice President and Chief Marketing Officer to Executive Vice President and Chief Strategy Officer of both entities. In addition, Ngo, 60, will be elevated to Executive Vice Chair of both the bank and holding company boards. She will continue to be a member of the Executive Committee that oversees the management of the bank. As President and COO, Martines will lead the day-to-day operation of the bank and will continue to serve on the Executive Committee.
Central Pacific Financial Corp. is the bank holding company of Central Pacific Bank (the Bank). The Bank is engaged in offering traditional deposit and lending products and services to consumer and business customers, such as accepting demand, money market, savings and time deposits, originating loans, including commercial loans, construction loans, commercial real estate loans, residential mortgage loans, and consumer loans and fiduciary and investment management services. Its investment securities portfolio includes mortgage-backed securities (MBS), other debt securities and equity securities. Its MBS portfolio comprises residential MBS issued by United States government entities and agencies. It offers wealth management products and services, such as non-deposit investment products, annuities, investment management, asset custody and general consultation and planning services. The Bank has over 27 bank branches and 58 ATMs located throughout the State of Hawaii.