Central Pacific Financial Corp. (NYSE: CPF) has announced that Blenn A. Fujimoto will work solely in his role as the President and CEO of Central Pacific HomeLoans, Inc., a 100% owned mortgage banking subsidiary of CPB, in order to concentrate on developing their core business of the origination of home loans in Hawaii.
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The corporate positions of Vice Chairman of CPF and Vice Chairman, Hawaii Market, of CPB held by Fujimoto have been eliminated and he has resigned from those positions. He brings over 29 years of experience in the banking industry and was responsible for establishing the CPHL subsidiary under CPB in August 2005, and has since continued to serve as its CEO.
Central Pacific Financial Corp. is a Hawaii-based bank holding company with $4.9 billion in assets. Central Pacific Bank, its primary subsidiary, operates 37 branches and approximately 110 ATMs throughout the State of Hawaii.
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