Central Pacific Bank Announces Executive Leadership Promotions

L-R: Catherine Ngo, David Morimoto, Arnold Martines, Paul Yonamine

Arnold Martines Named President and COO of the Bank and Holding Company

Paul Yonamine, Chairman and CEO of Central Pacific Financial (CPF) and Executive Chairman of Central Pacific Bank (CPB) and Catherine Ngo, President of CPF and CPB, announced the promotion of Arnold Martines to President and COO of CPF and CPB, as well as the promotions of David Morimoto and Kevin Dahlstrom on the Executive Committee. The promotions are effective January 1, 2022.

“Catherine and I look forward to working with Arnold to build on our tradition of accomplishment and success as we continue to focus on service and value to customers, employees and shareholders,” Paul said. “Each of the individuals on the Executive Team has played a key role in Central Pacific Bank’s success over the last several years, leading the bank to new heights of financial achievement. Working together, they led the implementation of RISE2020, a multi-faceted $40 million initiative designed to strengthen our position in the market by investing in our branches, ATMs and digital product offerings, as well as the redevelopment of our landmark headquarters building in downtown Honolulu.”

Catherine will be elevated to Executive Vice Chair of both the bank and holding company boards. She will continue to be a member of the Executive Committee that oversees the management of the bank. She is excited about Arnold’s new role.

“Arnold has been an effective leader,” said Catherine. “Under his guidance, Central Pacific Bank made more PPP loans than any other local bank and, as a percentage of loans made among lenders in Hawaii, we made more PPP loans than any other lender in the country. He has my full support and I look forward to working with him to help the bank achieve even greater success in the future.”

In his new role as President and COO, Arnold will lead the day-to-day operation of the bank and will continue to serve on the Executive Committee. He joined CPB in 2004 and has held various executive leadership positions within the company, most recently as Executive Vice President and Chief Banking Officer.

“I’m honored to be appointed President and COO of CPB,” said Arnold. “I would like to express my appreciation to Paul and Catherine for their support, as well as our employees who, each and every day, provide exceptional care of our customers and our community. As we move into the future, I’m excited to work with our executive team and our employees to continue to deliver on the promise our Founders made 67 years ago to help people achieve home ownership or to start and grow a business.”

David Morimoto, has been promoted from Executive Vice President and Chief Financial Officer of CPF and CPB, to Senior Executive Vice President and Chief Financial Officer of both entities. David has more than 30 years of banking experience, having started his career at CPB in 1991. He previously served as the bank’s Treasurer for over 10 years and has broad experience in asset/liability and investment portfolio management.

Kevin Dahlstrom has been promoted from Executive Vice President and Chief Marketing Officer to Executive Vice President and Chief Strategy Officer of the bank and the holding company. Kevin was appointed Executive Vice President, Chief Marketing Officer of CPB in 2020. As the bank’s Chief Strategy Officer, he will lead the bank’s digital expansion efforts in Hawaii and on the US Mainland.

Congratulations to Catherine, Arnold, David and Kevin!

For more information, view the press release here.