Central Pacific Bank donates property and equipment to the City and County of Honolulu, significantly expanding community services

CPB's former Operations Center will be used by the City & County of Honolulu to be a centralized location for vital support services directly impacting the lives of individuals and families. Photo courtesy: Central Pacific Bank<_o3a_p><_o3a_p>

HONOLULU, HI (Sept. 26, 2025) - Central Pacific Bank (CPB) today announced the donation of property and equipment from its former Operations Center, located at 222 North School Street, to the City and County of Honolulu, Department of Community Services (DCS). This significant gift, which includes both real estate and personal property valued at over $1.6 million, is set to become a vital hub for community and kupuna services, providing much-needed assistance to economically challenged individuals, families, and those with special needs.

<_o3a_p>The CPB donation includes an adjacent vacant parcel of land, interior furnishings, a photovoltaic system and an Uninterruptable Power Supply (UPS) system that can be used for emergency power generation. CPB leased the building from the Atherton Family Foundation, which has also agreed to the sale of the building to the City.

<_o3a_p>"The CPB Operations Center has served our bank well for approximately 30 years," said Arnold Martines, Chairman, President and CEO, Central Pacific Bank. "While we are consolidating our operations downtown, we are incredibly proud that, through a collaborative effort with the City and County of Honolulu and the Atherton Family Foundation, this facility will embrace a new and impactful purpose. The City's plan to transform the building into a center for community and kupuna services, offering support to those most in need, perfectly aligns with Central Pacific Bank's unwavering commitment to giving back and uplifting our community."

<_o3a_p>The City and County of Honolulu formally accepted the gift through Resolution 25-199, recognizing the immense potential of the property to enhance the DCS capabilities.

<_o3a_p>"This generous gift from Central Pacific Bank represents the very best of what can be accomplished when our community comes together," said City and County of Honolulu Mayor Rick Blangiardi. "The transformation of this property into a center for community and kupuna services will touch countless lives, providing support, dignity, and hope for those who need it most. We are deeply grateful for this act of aloha, which reflects a shared commitment to building a stronger, more compassionate Honolulu."

<_o3a_p>"The Atherton Family Foundation is grateful for the opportunity to work with the dedicated team at the City and County of Honolulu, as well as our former lessee, Central Pacific Bank," said Patricia K. Richards, President of the Atherton Family Foundation. "This project reflects Atherton's ongoing commitment to support community initiatives. We are proud to play a part in the City's efforts to streamline the delivery of services to the residents of Honolulu."

<_o3a_p>The donation was finalized on Sept.24, 2025. In all, 120 CPB employees who had worked at the Operations Center have now moved to the Central Pacific Plaza in downtown Honolulu. This strategic decision by CPB underscores its commitment to the community while also optimizing its operational footprint.<_o3a_p>

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About Central Pacific Financial Corp.<_o3a_p>

Central Pacific Financial Corp. is a Hawaii-based bank holding company with approximately $7.37 billion in assets as of June 30, 2025. 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<_o3a_p>