Central Pacific Financial Corp. Promotes David Morimoto to Chief Operating Officer and Dayna Matsumoto to Chief Financial Officer

Central Pacific Financial Corp. Promotes David Morimoto to Chief Operating Officer and Dayna Matsumoto to Chief Financial Officer

HONOLULU–(BUSINESS WIRE)–
Arnold Martines, Chairman, President, and Chief Executive Officer, today announced the following executive appointments for Central Pacific Financial Corp. (CPF) and Central Pacific Bank (CPB) to be effective March 1, 2025:

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David Morimoto (Photo: Business Wire)

David Morimoto is being promoted to Vice Chair and Chief Operating Officer.
Dayna Matsumoto is being promoted to Executive Vice President and Chief Financial Officer.

“In addition to recognizing the valuable contributions of David and Dayna, their appointments are designed to align our executive team to the bank’s strategic, financial and business objectives and to develop leadership depth and experience,” said Martines.

Morimoto has more than 30 years of banking experience, all at CPB, where he started in 1991. In addition to serving as Chief Financial Officer for the past nine years, he has led the Technology, Operations and Legal & Compliance Divisions. Morimoto holds a Bachelor of Business Administration in Finance from the University of Hawaii at Manoa as well as a Master of Business Administration with a concentration in Accounting from Chaminade University.

Matsumoto, a CPA, has more than 22 years of experience in finance and accounting. She started her career at KPMG as a Senior Audit Associate before moving to CPB in 2006 where she has held several management positions including Asset Liability Manager in the Treasury Division, Controller, and, more recently, Group Senior Vice President, Director of Finance & Accounting. She holds a Bachelor of Business Administration in Accounting and Finance from the University of Hawaii at Manoa and a Master of Business Administration from Hawaii Pacific University.

About Central Pacific Financial Corp.

Central Pacific Financial Corp. is a Hawaii-based bank holding company with approximately $7.47 billion in assets as of December 31, 2024. Central Pacific Bank, its primary subsidiary, operates 27 branches and 55 ATMs in the State of Hawaii. Central Pacific Financial Corp. is traded on the New York Stock Exchange (NYSE) under the symbol “CPF.” For additional information, please visit: cpb.bank

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Equal Housing Lender

CPF Listed NYSE

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For further information with respect to factors that could cause actual results to materially differ from the expectations or projections stated in the FLS, please see the Company’s publicly available SEC filings, including the Company’s Form 10-K for the last fiscal year and, in particular, the discussion of “Risk Factors” set forth therein. We urge investors to consider all of these factors carefully in evaluating the FLS contained in this document. FLS speak only as of the date on which such statements are made. We undertake no obligation to update any FLS to reflect events or circumstances after the date on which such statements are made, or to reflect the occurrence of unanticipated events except as required by law.