ADDED
is a Hawaii corporation and a registered bank holding company under the Bank Holding Company Act of 1956, as amended (the "BHC Act").
CPF was organized on February 1, 1982, and serves as the holding company for its principal subsidiary, Central Pacific Bank.
The Bank was incorporated in its present form in the State of Hawaii on March 16, 1982, following a holding company reorganization.
CPF reports financial results on a fiscal year ending December 31, and operates as a single reportable segment: banking operations.
Throughout this document, "Central Pacific Bank" is referred to as "our Bank" or "the Bank" and "the Company," "we," "us" or "our," refers to Central Pacific Financial Corp.
The terms "Central Pacific Financial Corp.," "CPF," or "the holding company", refers to the parent company on a standalone basis.
Branch Network Through our Bank and its subsidiaries, we provide full-service commercial banking through 27 bank branches and 55 ATMs located across the State of Hawaii.
Our administrative and main offices are located in Honolulu, and we operate 20 branches on the island of Oahu.
In addition, we have four branches on Maui, two on Hawaii Island, and one on Kauai.
Products and Services Central Pacific Bank offers a full range of deposit and lending products and services to consumer and business customers.
REMOVED
Cybersecurity 35 Item 2 Properties 36 Item 3 Legal Proceedings 36 Item 4 Mine Safety Disclosures 36 Part II.
In addition, certain statements may be contained in our future filings with the U.S.
Securities and Exchange Commission ("SEC"), in press releases and in oral and written statements made by us or with our approval that are not statements of historical fact and constitute forward-looking statements within the meaning of the Act.
Examples of forward-looking statements include but are not limited to: (i) projections of revenues, expenses, income or loss, earnings or loss per share, capital expenditures, the payment or nonpayment of dividends, net interest income, capital position, credit losses, net interest margin or other financial items; (ii) 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; (iii) statements of future economic performance including anticipated performance results from our business initiatives; and (iv) any statements of the assumptions underlying or relating to any of the foregoing.
Words such as "believe," "plan," "anticipate," "seek", "expect," "intend," "forecast," "hope," "target," "continue," "remain," "estimate," "will," "should," "may" and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements.
While we believe that our forward-looking statements 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.
Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to: the effects of inflation and interest rate fluctuations, including the impact from potential international tariffs; disruptions in the economy, including supply chain disruptions; labor contract disputes and potential strikes impacting both the U.S.
For further information with respect to factors that could cause actual results to materially differ from the expectations or projections stated in the forward-looking statements, please see also "Part I, Item 1A.
We urge investors to consider all of these factors carefully in evaluating the forward-looking statements contained in this Form 10-K.