HONOLULU, June 20, 2019 /PRNewswire/ -- Central
Pacific Financial Corp. (NYSE: CPF), (the "Company"), announced
that its Board of Directors has authorized the repurchase of up to
$30 million of its outstanding common
stock under its share repurchase program (the "Repurchase
Program"). This authorization will supersede the remaining
repurchase authority under the prior repurchase program. The
repurchases may be made from time to time, in the open market or
privately negotiated transactions, as and when deemed appropriate
by management and in accordance with applicable securities laws.
The Repurchase Program may be suspended or terminated at any
time.
About Central Pacific Financial Corp.
Central Pacific Financial Corp. is a Hawaii-based bank holding company with
approximately $5.8 billion in
assets. Central Pacific Bank, its primary subsidiary,
operates 35 branches and 79 ATMs in the state of Hawaii, as of March
31, 2019. For additional information, please visit the
Company's website at http://www.centralpacificbank.com.
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SOURCE Central Pacific Financial Corp.