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Central Pacific Financial (CPF) in Honolulu reported a big decline in fourth-quarter earnings as income from sales of residential mortgage loans and sales of foreclosed assets plunged.
January 30 -
Central Pacific Financial (CPF) in Honolulu reported a jump in first-quarter profit as its asset quality improved and it recorded a tax benefit worth nearly $120 million.
April 26 -
The Treasury Department plans to auction its remaining stakes in 16 banks as it continues to unwind its holdings from the Troubled Asset Relief Program.
May 30
Central Pacific Financial (CPF) in Honolulu has appointed Raymond Wilson as its chief risk officer.
Wilson will be responsible for overseeing "the newly consolidated risk management areas of the bank," including credit administration, retail credit, legal compliance, information security, fraud mitigation, and internal audit, the $4.8 billion-asset company said in a press release.
The promotion expands Wilson's role to chief risk officer, John C. Dean, chairman and chief executive said in the release, recognizing his "stellar job in improving our company's credit risk profile and reducing non-performing assets," and the company's confidence he will meet "the evolving challenges that we face in our industry." The company struggled with
Since joining the company in 2010, Wilson has been chief credit officer, leading its special assets and risk management teams, and assisting capital raising efforts.
