Central Pacific Bank CPF

Mr. Martines was appointed President and Chief Executive Officer of the Company and the Bank, effective January 1, 2023, and Chairman of the Company and the Bank effective June 10, 2024. Mr. Martines has over 29 years of banking experience. Mr. Martines started his banking career in 1995 at another Hawaii bank and subsequently took on increasing responsibility in both line and credit management roles for small business, middle market and corporate lending. He joined the Bank in February 2004 and has held various executive leadership positions at the Bank, including President and Chief Operating Officer and Chief Banking Officer, and, accordingly, brings extensive executive and banking experience to our Board. BACKGROUND: Chairman, President and Chief Executive Officer, the Company and the Bank (6/2024- present) President and Chief Executive Officer, the Company and the Bank (1/2023-6/2024); President and Chief Operating Officer, the Company and the Bank (1/2022-12/2022); Executive Vice President and Chief Banking Officer, the Company and the Bank (6/2020-12/2021); Group Executive Vice President, Revenue, the Company and the Bank (5/2019-5/2020); OTHER DIRECTORSHIPS AND POSITIONS: Saint Louis School, Trustee; Child & Family Service, Director YMCA of Honolulu, Director; Hawaii Community Foundation, Director. EDUCATION: Bachelor of Business Administration, University of Hawaii at Manoa and Pacific Coast Banking School at University of Washington.

Mr. Morimoto, age 57, is currently Senior Executive Vice President and Chief Financial Officer of the Company and the Bank and has served as Chief Financial Officer for the Company and the Bank since July 2015, and before that he served in various positions with the Company and the Bank including as Treasurer. Mr. Morimoto has been with the Company and the Bank since 1991 (33+ years). Mr. Morimoto holds a Bachelor of Business Administration in Finance with the University of Hawaii, and a Master of Business Administration in Accounting with Chaminade University. Mr. Morimoto serves on the boards of The Institute for Human Services, Inc. and the Downtown Athletic Club Hawaii. On February 25, 2025, the Boards of Directors of Central Pacific Financial Corp and Central Pacific Bank approved, to be effective as of March 1, 2025, the appointment and promotion of David Morimoto to Vice Chairman (corporate title) and Chief Operating Officer of the Company and the Bank.

Mr. Mesick joined the Company and the Bank in 2024 as the Senior Executive Vice President and Chief Risk Officer. He is responsible for oversight of the Company's and Bank's enterprise risk, compliance, credit, technology, operations, and corporate and mainland real estate lending. He has more than three decades of finance and banking experience at executive levels with two other Hawaii banks in the areas of finance, treasury, risk management, corporate banking, commercial real estate lending, private banking and wealth management. Mr. Mesick is active in the community and is a former Chairman of the Hawaii Housing Finance and Development Corporation, the Hawaii District Council of the Urban Land Institute, and the Hawaii Community Reinvestment Corporation. He is a past Regent of Chaminade University of Honolulu, and served on the boards of the Boys and Girls Club of Hawaii, the Saint Francis Health Care System, and the Kapiolani Health Foundation.

Ms. Matsumoto, age 43, is currently Group Senior Vice President of the Company and the Bank and before that she served as the Controller for the Company and the Bank from 2013 to 2022. Ms. Matsumoto has been with the Company and the Bank since 2006 (18+ years). Ms. Matsumoto holds a Bachelor of Business Administration in Accounting and Finance with the University of Hawaii, and a Master of Business Administration with Hawaii Pacific University, and has been a licensed Certified Public Accountant in the State of Hawaii since 2005. Ms. Matsumoto serves on the boards of the Girl Scouts of Hawaii and Teach for America Hawaii. On February 25, 2025, the Boards of Directors of Central Pacific Financial Corp and Central Pacific Bank approved, to be effective as of March 1, 2025, the appointment and promotion Dayna Matsumoto to Executive Vice President and Chief Financial Officer (principal financial officer and principal accounting officer) of the Company and the Bank.

On January 28, 2025, Dr. Diane S.L. Paloma was appointed to the Boards of Directors of Central Pacific Financial Corp. and Central Pacific Bank , to be effective January 28, 2025. Dr. Paloma is currently President and Chief Executive Officer of Hawaii Dental Service (HDS), located in Honolulu, Hawaii. HDS focuses on providing dental plans to Hawaii employers for their employees. Dr. Paloma has served in her current position with HDS since 2021. Prior to her current position, Dr. Paloma was the Chief Executive Officer of King Lunalilo Trust and Lunalilo Home from 2017 to 2021. Dr. Paloma earned a Bachelor of Science degree in Physiological Science from the University of California Los Angeles, earned a Master of Business Administration degree from the University of Hawaii, and earned a PhD degree in Healthcare Administration from Capella University. Dr. Paloma is actively involved in various community and other organizations, including serving as a Regent with the University of Hawaii Board of Regents, and as a director on the Boards of Partners in Development Foundation, Child and Family Service, Make Lemonade, and Hawaii Business Roundtable. 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 'O¯'o Award, and an Outstanding Mother Award from the American Lung Association.

Ms. Rose is a name partner in the law firm of Lung Rose Voss & Wagnild and has been actively practicing law for 43 years, specializing in the areas of real estate, trust and commercial litigation, commercial real estate transactions, trusts and estates, and construction law. Ms. Rose brings a wealth of legal and real estate knowledge and experience to the Company's Board and Bank's Board, and her professional, leadership, and business skills and expertise are well-suited to her serving since June 1, 2014, as the Company's and the Bank's Lead Independent Director, and before that, from April 20, 2011 through May 31, 2014, serving as the Company's and Bank's Board Chair, and in providing guidance with respect to the Company's and the Bank's strategic issues, overall business plans and legal matters. BACKGROUND: Partner, Lung Rose Voss & Wagnild (1989-present) (law); Lead Independent Director, the Company and the Bank (6/2014-present) and,Member, Rose Consulting LLC (2021-present) (consulting). OTHER PUBLIC COMPANY BOARD SERVICE: Director, Compensation Committee Chair, Governance and Nominating Committee member, Hawaiian Holdings, Inc. (6/2006-present) (NASDAQ: HA). OTHER DIRECTORSHIPS AND POSITIONS: Kamehameha Schools Board of Trustees, Trustee (Kamehameha Schools has an estimated endowment of 14.6 billion in financial assets and real estate as of 6/2023);,Bishop Holdings Corporation, Director; Catholic Charities Hawaii, Board of Advisors;,Charles Reed Bishop Trust, Trustee;,The Nature Conservancy (Hawaii and Palmyra), Ihupani Advisory Council and,Gentry Homes, Ltd, Director. EDUCATION: Bachelor of Science, Psychology and Sociology, Willamette University and,J.D., University of California, Hastings College of Law. SKILLS AND EXPERIENCE: Hawaii Business,,Public Company,,Real Estate and,Regulatory/Legal.

Mr. Kindred has over 36 years of global experience in the financial services industry. He founded and currently serves as Managing Member of KR Farms LLC, a startup farming operation on Maui. From 1983 to 2019, Mr. Kindred was with Morgan Stanley in a career spanning multiple roles in New York, London, and Tokyo. From 2007 to 2019, he served as President and CEO of Morgan Stanley Japan Holdings Co., Ltd., and Morgan Stanley MUFG Securities Co., Ltd., and as a member of Morgan Stanley's Management Committee. Mr. Kindred was the Chairman of the International Bankers Association of Japan from 2011 to 2017. He gained significant experience in banking regulations by working closely with financial regulators. He also previously served as a Director of the U.S.-Japan Business Council, a Director of the Japan Society of New York, and a member of the Tokyo Metropolitan Government's Advisory Panel on Global Financial City Tokyo. Mr. Kindred's decades of global experience in financial services in markets including Asia, Europe, the Continental United States and Hawaii are a valuable asset to the Company and the Bank. BACKGROUND: Managing Member and Founder, KR Farms LLC (3/2021-present) (agriculture) Managing Member, KR Consulting LLC (2/2019-present) (consulting); President and CEO, Morgan Stanley Japan Holdings Co., Ltd. (10/2007-5/2019) (financial services); President and CEO, Morgan Stanley MUFG Securities Co., Ltd. (5/2010-5/2019) (financial services). Other Directorships And Positions: Hawaii Contemporary, Director and TY Management Corporation, Director. EDUCATION: Bachelor of Science, Economics, The Wharton School of the University of Pennsylvania.

Mr. Fry is a retired Executive Vice President and Chief Financial Officer of Informatica Corporation (a privately held company that was previously publicly traded on NASDAQ), a company which provides data integration software and services, and which has reported annual revenue in excess of 1 billion. During his tenure as Chief Financial Officer of Informatica Corporation, Mr. Fry effected, among other things, numerous major capital and financial transactions, to include credit lines, equity offerings, convertible rate issuances, stock/bond buyback plans, over 15 technology acquisitions, and he established development and support centers in Bangalore, India, Dublin, Ireland, and Tel Aviv, Israel, and he also established Informatica's enterprise risk management program. Mr. Fry also previously managed the Global Customer Support and Consulting Services areas of Informatica Corporation representing over half of Informatica's revenue. Prior to joining Informatica Corporation, Mr. Fry was Chief Financial Officer of Omnicell, Inc. (a publicly traded company listed on NASDAQ) for four years, Chief Financial Officer of C-ATS Software Inc. for two years, Chief Financial Officer of Weitek Corporation for three years, and he also served at other technology companies in various finance and other capacities. Mr. Fry began his professional career at Ernst & Whinney, CPAs (now known as Ernst & Young), where he held the position of Senior Auditor. Mr. Fry was voted Software Chief Financial Officer of the Year by Institutional Investor in 2010, 2011, 2012, 2013 and 2014. Mr. Fry brings extensive finance, public company, and auditing knowledge and experience to the Board and Company. Background: Director, Backblaze Inc. (8/2021-present) (technology); Director, Audit Committee Chair, and Executive Committee member, Hawaiian Holdings, Inc. (5/2016-9/2024) (airline); Director, Xactly Corporation (9/2005-7/2017) (technology); Interim Chief Financial Officer, Informatica Corporation (9/2015-1/2016) (technology); Chief Customer Officer and Executive Vice President, Operations Strategy, Informatica Corporation (11/2014-8/2015) (technology); Chief Financial Officer, Chief Administrative Officer and Executive Vice President of Global Customer Support and Services, Informatica Corporation (2000-10/2014) (technology). Other Directorships And Positions: Director and member of Compensation, Audit, and Nominating and Governance Committees, Backblaze Inc. (8/2021-present) (NASDAQ: BLZE); Pacific Asian Center for Entrepreneurship and E-Business (PACE), Shidler College of Business, Director; Japanese Cultural Center of Kona, Board of Governors; Illuminate Ventures, Advisory Council member. Education: Bachelor of Business Administration, University of Hawaii at Manoa, Shidler College of Business and Master of Business Administration, Stanford Graduate School of Business

Ms. Ota is owner and creative director of Sae Design, Inc., a graphic design and visual marketing agency headquartered on the Island of Maui. In her over 29-year career, Ms. Ota has received numerous design, graphics and marketing rewards and recognition. Ms. Ota resides on the Island of Maui. The Bank has four branches on the Island of Maui and firmly believes it is important to have a director from the Island of Maui, who best understands and can help the Bank connect with residents and businesses on the Island of Maui, and to demonstrate the Bank's commitment to serving all islands and communities comprising the State of Hawaii. The vast majority of businesses in Hawaii are small and each island has its own unique business markets, needs and communities, and thus having Ms. Ota who is a prominent businessperson and community leader on the Island of Maui, serve on our Company's Board and Bank's Board of Directors, provides great insight and perspective in how we can best serve small businesses throughout the State of Hawaii, but also within the Island of Maui. As a community bank serving all the people and islands of Hawaii, we believe it is vital that our Board have experienced and proven businesspeople who reflect and represent all of Hawaii. We believe Ms. Ota's lifetime of experiences and success as a small businessperson, and her substantial marketing knowledge and expertise, add significant value and perspective to our Board. BACKGROUND: President, Sae Design, Inc. (dba Sae Design Group) (2007-present) (design and marketing) and,President, Maui Thing LLC (2010-2019) (retail). OTHER DIRECTORSHIPS AND POSITIONS: Maui Health Foundation, Executive Director and,Maui Economic Development Board, Chairperson Emeritus. EDUCATION: Bachelor of Fine Arts, Graphic Design and Packaging, ArtCenter College of Design and,Master of Business Administration, Design Strategy, California College of the Arts. SKILLS AND EXPERIENCE: Business Transformation,,CEO/Business Owner and,Hawaii Business.

Mr. Kosasa has been President and Chief Executive Officer of MNS, Ltd., doing business as ABC Stores, for the past 25 years, and has been with ABC Stores for over 41 years. In this position he oversees a Hawaii-based retail convenience store operation with a major presence in Waikiki and other tourist locations throughout the Hawaiian Islands, as well as in other locations outside of Hawaii, such as Guam, Saipan, and Las Vegas, Nevada. As President and Chief Executive Officer of a sizable retail store chain which primarily serves the tourist industry, one of the largest industries in Hawaii, Mr. Kosasa provides the Board and Company with significant business and management knowledge and experience in all aspects of a business operation, which includes business strategy and planning, financial management and budgeting, employee compensation and benefits, labor, marketing, advertising, and real estate, among other business expertise. In addition, Mr. Kosasa provides a link and close connection to the Hawaii tourism industry, one of Hawaii's most profitable economic engines, and provides a valuable source of banking business with respect to Hawaii businesses that support the Hawaii tourism industry, as well as retail customers from outside Hawaii who require or may desire Hawaii banking services. BACKGROUND: President and Chief Executive Officer, MNS, Ltd., doing business as ABC Stores (1999-present) (retail). OTHER DIRECTORSHIPS AND POSITIONS: Hawaii Food Industry Association, Advisor,,Waikiki Business Improvement District Association, Chairman,,Hawaii Symphony Orchestra, Chairman,,Japanese American National Museum, Board of Trustees,,Hawaii Community Foundation, Board of Governors and,Kuakini Health System, Director. EDUCATION: Bachelor of Science and Engineering, Electrical Engineering, University of Michigan. SKILLS AND EXPERIENCE: CEO/Business Owner,,Hawaii Business,,Real Estate and,Regulatory/Legal.

Mr. Fujimoto is the President and Chief Executive Officer of Hawaii Planing Mill, Ltd., doing business as HPM Building Supply (a building supply company headquartered on Hawaii Island with operations on five islands and in business for over 100 years), and has served in that capacity since January 2019. Mr. Fujimoto served as Chief Operating Officer of Hawaii Planing Mill, Ltd. from January 2013 to December 2018. Mr. Fujimoto served as Chief Financial Officer of Hawaii Planing Mill, Ltd. from 2010 to 2012. Mr. Fujimoto has served on the Board of Directors and Audit Committee of Hawaii Planing Mill, Ltd. since March 2009. Mr. Fujimoto resides on the Island of Hawaii and adds to the Company's and Bank's Boards of Directors audit and financial experience, as well as geographic diversity. BACKGROUND: President and Chief Executive Officer, Hawaii Planing Mill, Ltd. (1/2019-present) (building supplies) and,Chief Operating Officer, Hawaii Planing Mill, Ltd. (1/2013-12/2018) (building supplies). OTHER DIRECTORSHIPS AND POSITIONS: Holomua Collective, Director,,Kohala Institute dba 'Iole Stewardship Center, former Chair,,Hawaii Public Television Foundation dba PBS Hawaii, former Chair,,Hawaii Executive Collaborative, Member,,Hawaii Business Roundtable, Member,,University of Hawaii at Hilo Chancellor's Community Advisory Board, Member,,U.S. Army Garrison Pohakuloa Training Area Commander's Advisory Council, Member,,Hardware Group Association, Member,,DoItBest Eagles Conference, Member and,BIG Group, Member. EDUCATION: Bachelor of Science, Economics, The Wharton School of the University of Pennsylvania, concentrating in Corporate Finance and Strategic Management and minor in Psychology from the University of Pennsylvania College of Arts and Sciences. SKILLS AND EXPERIENCE: CEO/Business Owner,,Finance/Accounting and,Hawaii Business.

Mr. Lutes has over 27 years of experience in the financial services industry in executive and chief financial officer capacities. Since August 2021, Mr. Lutes has served as the Chief Strategy Officer of Elevate Credit, Inc., which specializes in tech-enabled online credit solutions. He was previously the Chief Financial Officer of Elevate Credit, Inc. from 2015 to 2021, and Elevate Credit, Inc.'s predecessor company, Think Finance, Inc., from 2007 to 2014. Prior to joining Elevate Credit, Inc., Mr. Lutes was the Chief Financial Officer for Silicon Valley Bank from 1998 to 2001. Mr. Lutes began his career in public accounting with Coopers & Lybrand. Mr. Lutes brings significant knowledge and experience in the technology and financial services sector to the Board. BACKGROUND: Chief Strategy Officer, Elevate Credit, Inc. (8/2021-present) (technology/risk management/marketing) and Chief Financial Officer, Elevate Credit, Inc. (1/2015-8/2021) (technology/risk management/marketing). EDUCATION: Bachelor of Science, Accounting, Arizona State University.

Mr. Nobriga has more than 31 years of experience in financial services in Hawaii. Mr. Nobriga is currently President and Chief Executive Officer of Tradewind Group, Inc., located in Honolulu, Hawaii, and whose business interests include investments in real estate and in companies across several industries, including insurance and technology. He has served in that capacity since 2018. Mr. Nobriga previously held executive leadership roles in both the healthcare and financial services sectors, including serving as Chief Financial Officer of American Savings Bank, a subsidiary of Hawaiian Electric Industries, Inc. (NYSE: HE), Chief Financial Officer of The Queen's Health Systems, Chief Financial Officer of Hawaii National Bank, and Chief Financial and Operations Officer of the University of Hawaii at Manoa John A. Burns School of Medicine. He has significant regulatory experience serving in his various roles as Chief Financial Officer of companies in highly regulated industries. He started his career at Coopers & Lybrand (legacy firm of PricewaterhouseCoopers LLP) providing professional services for clients in Hawaii and California. Mr. Nobriga brings significant knowledge of financial services, insurance, healthcare and technology to the Board. BACKGROUND: President and Chief Executive Officer, Tradewind Group, Inc. (2018-present) (insurance/investment); Chairman, Atlas Insurance Agency, Inc. (2020-present) (insurance); Chairman, Century Computers, Inc. (2018-present) (technology) Chairman, Hoike Networks, Inc. (dba Pacxa) (2018-present) (technology/consulting); Vice Chairman, Island Insurance Company, Limited (2019-present) (insurance); Vice Chairman, NMF Insurance, Inc. (dba IC International) (2019-present) (insurance); Chairman, Tradewind Capital, Inc. (2022-present) (investment/asset management) and Vice President and Director, Tradewind Insurance Company, Limited (2019-present) (insurance). Other Directorships And Positions: Kamehameha Schools Board of Trustees, Trustee; Bishop Holdings Corporation, Director; Charles Reed Bishop Trust, Trustee; Haleakala Ranch Corp., Director, Audit Committee Chair, Investment Committee member. EDUCATION: Bachelor of Business Administration, Accounting, University of Notre Dame and Pacific Coast Banking School at University of Washington.