Local business leader Dr. Diane Paloma named to the Central Pacific Financial Corp. and Central Pacific Bank Board of Directors

HONOLULU, HI (Jan. 28, 2025) – Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank (CPB), today announced the appointment of local business leader Diane Paloma, PhD to the Board of Directors of both CPF and CPB, effective January 28, 2025. The announcement was made by Arnold Martines, Chairman, President, and CEO of both Boards.

Dr. Paloma is currently President and CEO of Hawaii Dental Service (HDS) which offers dental plans to individuals, families, small businesses, and large corporations.

Dr. Paloma was named to her current position at HDS in 2021. Prior to that, she had an extensive background in health care, including serving as CEO of the King Lunalilo Trust and Lunalilo Home, overseeing the trust and services for kupuna. She also had leadership roles at the Queen’s Health Systems Native Hawaiian Health Program, the John A. Burns School of Medicine and Hawaii Medical Service Association (HMSA).

“Diane’s range of experiences in business and health care will provide a perspective that is invaluable to the CPB board,” said Chairman, President, and CEO Arnold Martines. “She is well-respected by both the local business community as well as the non-profit sector where she has served as a trusted and thoughtful leader. We are pleased to welcome her to our board and look forward to her many contributions.”

"I am honored to join the CPB board,” said Dr. Diane Paloma. “I have seen firsthand how their nimble and customer-focused service supports individuals, families, and communities across Hawaii."

A graduate of Kamehameha Schools, Dr. Paloma obtained a Bachelor of Science degree in Physiological Science from UCLA, a Master of Business Administration from the University of Hawaii at Manoa, Shidler College of Business, and a PhD in Healthcare Administration from Capella University.

Active in the Community, Dr. Paloma serves on the University of Hawaii Board of Regents, as well as a director of Partners in Development Foundation and Child & Family Service. She is a member of the Hawaii Business Roundtable. She is a 2016 Pacific Century Fellow and 2022 Omidyar Fellow.  She was recognized as a Woman of Distinction by the Girl Scouts of Hawaii, inducted in the University of Hawaii at Manoa, Shidler College of Business Hall of Honor, received the Native Hawaiian Chamber of Commerce ‘Ō'ō Award, and an Outstanding Mother Award from the American Lung Association.

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About Central Pacific Financial Corp.

Central Pacific Financial Corp. (CPF) is a Hawaii-based bank holding company with approximately $7.42 billion in assets as of Sept. 30, 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