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

   David Morimoto                Dayna Matsumoto

HONOLULU, HI (Feb. 27, 2025) – 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:

• 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.

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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