Central Pacific Financial Corp. (NYSE: CPF), parent company of
Central Pacific Bank (CPB), today announced the appointment of
Robert Nobriga as a member of its board of directors of both CPF
and CPB, effective January 1, 2024.
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Robert Nobriga (Photo: Business Wire)
"Rob Nobriga has nearly 30 years of experience in local
financial services, providing him with a wealth of knowledge and a
valuable perspective that he can bring to CPB," said Arnold
Martines, President and CEO. "I look forward to working closely
with him and the rest of our board members as we continue to
further our strategic objectives and grow our business in the
future."
"CPB is a special bank with a long legacy of serving the people
of Hawaii," Nobriga said. "CPB shares our own company’s core belief
that our success is dependent on the growth and well-being of our
community. It will be my pleasure to work with Arnold and the CPB
team to help CPB achieve even more success in the future."
Mr. Nobriga is currently President and Chief Executive Officer
of Tradewind Group, Inc., a diversified local company whose
business interests include investments, insurance and technology, a
position he has held since 2018. Prior to that, he held executive
leadership roles with several local companies.
Mr. Nobriga obtained a bachelor’s degree in accountancy from the
University of Notre Dame. Active in the local community, Mr.
Nobriga is a Trustee of Kamehameha Schools and is a director of
Haleakala Ranch.
About Central Pacific Financial Corp.
Central Pacific Financial Corp. is a Hawaii-based bank holding
company with approximately $7.64 billion in assets as of September
30, 2023. Central Pacific Bank, its primary subsidiary, operates 27
branches and 58 ATMs in the State of Hawaii. For additional
information, please visit the Company's website at
http://www.cpb.bank.
Equal Housing Lender Member FDIC NYSE Listed: CPF
Forward-Looking Statements ("FLS")
This document may contain FLS concerning: projections of
revenues, expenses, income or loss, earnings or loss per share,
capital expenditures, the payment or nonpayment of dividends,
capital position, credit losses, net interest margin or other
financial items; statements of plans, objectives and expectations
of Central Pacific Financial Corp. (the "Company") or its
management or Board of Directors, including those relating to
business plans, use of capital resources, products or services and
regulatory developments and regulatory actions; statements of
future economic performance including anticipated performance
results from our business initiatives; or any statements of the
assumptions underlying or relating to any of the foregoing. Words
such as "believe," "plan," "anticipate," "expect," "intend,"
"forecast," "hope," "target," "continue," "remain," "estimate,"
"will," "should," "may" and other similar expressions are intended
to identify FLS but are not the exclusive means of identifying such
statements.
While we believe that our FLS and the assumptions underlying
them are reasonably based, such statements and assumptions are by
their nature subject to risks and uncertainties, and thus could
later prove to be inaccurate or incorrect. Accordingly, actual
results could differ materially from those statements or
projections for a variety of reasons, including, but not limited
to: the effects of inflation and rising interest rates; the adverse
effects of recent bank failures and the potential impact of such
developments on customer confidence, deposit behavior, liquidity
and regulatory responses thereto; the adverse effects of the
COVID-19 pandemic virus (and ongoing pandemic variants) on local,
national and international economies, including, but not limited
to, the adverse impact on tourism and construction in the State of
Hawaii, our borrowers, customers, third-party contractors, vendors
and employees; supply chain disruptions; the increase in inventory
or adverse conditions in the real estate market and deterioration
in the construction industry; adverse changes in the financial
performance and/or condition of our borrowers and, as a result,
increased loan delinquency rates, deterioration in asset quality,
and losses in our loan portfolio; our ability to achieve the
objectives of our RISE2020 initiative; our ability to successfully
implement and achieve the objectives of our Banking-as-a-Service
("BaaS") initiatives, including adoption of the initiatives by
customers and risks faced by any of our bank collaborations
including reputational and regulatory risk; the impact of local,
national, and international economies and events (including natural
disasters such as wildfires, volcanic eruptions, hurricanes,
tsunamis, storms, earthquakes and pandemic viruses and diseases) on
the Company's business and operations and on tourism, the military,
and other major industries operating within the Hawaii market and
any other markets in which the Company does business; deterioration
or malaise in domestic economic conditions, including any
destabilization in the financial industry and deterioration of the
real estate market, as well as the impact of declining levels of
consumer and business confidence in the state of the economy in
general and in financial institutions in particular; changes in
estimates of future reserve requirements based upon the periodic
review thereof under relevant regulatory and accounting
requirements; the impact of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (the "Dodd-Frank Act"), changes in capital
standards, other regulatory reform and federal and state
legislation, including but not limited to regulations promulgated
by the Consumer Financial Protection Bureau (the "CFPB"),
government-sponsored enterprise reform, and any related rules and
regulations which affect our business operations and
competitiveness; the costs and effects of legal and regulatory
developments, including legal proceedings and lawsuits we are or
may become subject to, or regulatory or other governmental
inquiries and proceedings and the resolution thereof, the results
of regulatory examinations or reviews and the effect of, and our
ability to comply with, any regulations or regulatory orders or
actions we are or may become subject to; ability to successfully
implement our initiatives to lower our efficiency ratio; the
effects of and changes in trade, monetary and fiscal policies and
laws, including the interest rate policies of the Board of
Governors of the Federal Reserve System (the "FRB" or the "Federal
Reserve"); securities market and monetary fluctuations, including
the replacement of the London Interbank Offered Rate ("LIBOR")
Index and the impact on our loans and debt which are tied to that
index and uncertainties regarding potential alternative reference
rates, including the Secured Overnight Financing Rate ("SOFR");
negative trends in our market capitalization and adverse changes in
the price of the Company's common stock; political instability;
acts of war or terrorism; changes in consumer spending, borrowings
and savings habits; cybersecurity and data privacy breaches and the
consequence therefrom; failure to maintain effective internal
control over financial reporting or disclosure controls and
procedures; the ability to address deficiencies in our internal
controls over financial reporting or disclosure controls and
procedures; technological changes and developments; changes in the
competitive environment among financial holding companies and other
financial service providers; the effect of changes in accounting
policies and practices, as may be adopted by the regulatory
agencies, as well as the Public Company Accounting Oversight Board
("PCAOB"), the Financial Accounting Standards Board ("FASB") and
other accounting standard setters and the cost and resources
required to implement such changes; our ability to attract and
retain key personnel; changes in our personnel, organization,
compensation and benefit plans; and our success at managing the
risks involved in the foregoing items.
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 Securities and Exchange Commission 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231206335303/en/
Investor Contact: Ian Tanaka SVP, Treasury Manager (808)
544-3646 ian.tanaka@cpb.bank
Media Contact: Tim Sakahara AVP, Corporate Communications
Manager (808) 544-5125 tim.sakahara@cpb.bank
Central Pacific Financial (NYSE:CPF)
過去 株価チャート
から 4 2024 まで 5 2024
Central Pacific Financial (NYSE:CPF)
過去 株価チャート
から 5 2023 まで 5 2024