Central Pacific Financial Corp operates as the bank holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in Hawaii. The company operates in three segments: Banking Operations, Treasury Operations, and All Others. The Banking Operations segment offers various deposit products and services, including personal and business checking and savings accounts, money market accounts, and time certificates of deposit. It also provides residential mortgage banking services, such as origination, acquisition, and sale of single-family mortgage loans. In addition, this segment provides commercial real estate loans, construction loans, commercial loans, and land acquisition and development loans. The Treasury Operations segment is involved in the securities investment and mortgage trading activities; and offers foreign exchange services, as well as buys and sells whole residential mortgage loans. The All Others segment provides electronic banking, data processing, trust, asset management, and insurance agency services, as well as operates as a captive insurance company. The company operates 36 branches and 77 ATMs in the state of Hawaii, as well as loan production offices in California, Colorado, and Washington. Central Pacific Financial Corp was founded in 1954 and is headquartered in Honolulu, Hawaii.
