Central Pacific Bank is an American regional commercial

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

headquartered in

Honolulu, Hawaii Honolulu (; ) is the capital and largest city of the U.S. state of Hawaii, which is in the Pacific Ocean. It is an unincorporated county seat of the consolidated City and County of Honolulu, situated along the southeast coast of the island o ...

. It was founded by Koichi Iida, a Honolulu business leader, with assistance from Sumitomo Bank in Japan. Mr. Iida was President from 1954 to 1960. It is the main subsidiary of Central Pacific Financial Corporation (). The bank is the fourth-largest financial institution in

Hawaii Hawaii ( ; haw, Hawaii or ) is a state in the Western United States, located in the Pacific Ocean about from the U.S. mainland. It is the only U.S. state outside North America, the only state that is an archipelago, and the only state ...

, with $6.6 billion in assets as of December 31, 2020.

Central Pacific Financial Corporation

Central Pacific Financial Corporation is a

bank holding company A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp (''banc''/''bank'' + '' corp ration') is often used to refer to these companies as well. United States ...

based in Honolulu, Hawaii, whose primary subsidiary is Central Pacific Bank. In 2004, Central Pacific Financial Corporation acquired CB Bancshares, Inc. 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.

References

External links

Central Pacific Bank
website Companies listed on the New York Stock Exchange Banks based in Hawaii American companies established in 1954 Banks established in 1954 Companies based in Honolulu 1954 establishments in Hawaii {{authority control