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March 22, 2012
Central Pacific Financial Corp. (NYSE: CPF) (the “Company”), parent company of Central Pacific Bank (“CPB”) (the “Bank”), today announced the appointment of Lance Mizumoto to the newly established executive position of Executive Vice President and Chief Banking Officer (CBO), to be effective April 2, 2012.
Mizumoto has been with the Company since 2005, currently as Executive Vice President of the Commercial Markets Group. He has 30 years of experience in banking, primarily in corporate banking, commercial lending, and trade finance in the Hawaii market, including in senior and executive management positions at other financial institutions as well as CPB.
In his new role, Mizumoto will oversee the organization-wide strategic direction and management of the sales and customer service functions in commercial banking, commercial real estate lending, wealth management, trust and investments, retail banking and residential mortgages.
“The alignment of our frontline sales and service areas to further enhance our relationship banking model is key to supporting our corporate strategy,” said John C. Dean, President and Chief Executive Officer of CPF and CPB. “Lance brings the high caliber of leadership and expertise needed to achieve our objectives.”