The Bank Slate


Central Pacific taps insider as next leader

Central Pacific Financial in Honolulu will soon have a new leader.

The $7.3 billion-asset company said in a press release that Arnold Martines will become its CEO on Jan. 1. He will succeed Paul Yonamine.

Martines, who will also join the board, is the company’s president and chief operating officer.

Central Pacific also said that Catherine Ngo, its executive vice chairman, will become chairman.

“I have had four great years at Central Pacific … and have accomplished all of my strategic goals for the company,” Yonamine said in the release.

Those goals included a $40 million renovation of the company’s headquarters, upgrades to online and mobile banking and a corporate rebranding.

“These accomplishments have put us on a solid path to becoming a digital-first bank to help us excel in the rapidly changing banking paradigm,” Yonamine added.

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