Central Pacific Financial Corp. is a bank holding company that, through its banking subsidiary, Central Pacific Bank, offers full service commercial banking in the state of Hawaii.  As of December 31, 2007, it operated 38 branch offices and approximately 95 automated teller machines in Hawaii. The company was founded in 1954 and is based in Honolulu, Hawaii. In October 2007, Central Pacific Financial closed its two loan production offices in the state of Washington.

In early January 2009 the company received $135 million form the Treasury Department under its Capital Purchase Program in exchange for preferred stock and warrants. At the end of that month Central Pacific announced it had generated fourth quarter earnings of $3.1 million, compared to a $4.5 million loss a year earlier. St the same time the company announced it was suspending dividend payments in order to “preserve capital.”

►Financial Documents

2008 Central Pacific 10-k (Annual Report)

2008-12-09 Central Pacific 8K

2008-09-30 Central Pacific FDIC Call Doc

2008-09-30 Central Pacific 10Q

2008 Central Pacific Proxy

2007 Central Pacific Annual Report

2007 Central Pacific 10K

►Federal contracts

No federal contracts located.

►Lobbying reports (if any)

No lobbying documents located.

►Political Contributions

Center for Responsive Politics (last accessed 02/03/2009)

►Related Articles

February 3, 2009 Hawaii-based banks outperform many mainland banks (AP/Yahoo Finance)

January 30, 2009 Central Pacific suspends dividends (AP)

January 29, 2009, Central Pacific Financial Corp. Reports Fourth Quarter 2008 Profit of $3.1 Million (PRNewswire)

January 12, 2009 U.S. Treasury gets Central Pacific stake (MSN Money)

Last Updated February 3, 2009