January will mark six years at the helm of Central Pacific Bank for president and CEO Clint Arnoldus. In the past two years, CBP has opened branches in Pearl Highlands, Wailuku, Kapolei, a Kailua in-store branch and a newly consolidated branch in Kalihi. The bank’s 40th branch will open in Lahaina in January.
“We plan to add two branches a year until we feel like we have adequate coverage in Hawaii,” says Arnoldus.
Arnoldus, who appeared on MidWeek‘s cover in April 2005, also is focused on equipping the banks with the latest technology. “We always try, through technology, to be a leader in the product area. We have a couple of new products - one is remote checking, which enables businesses to do all their check deposits from the convenience of their office. Another product we’re just launching is Choice Checking, where the consumer can get a fantastic rate on a checking account - 4.55 percent - if they use our account to do all their electronic banking and money transfers.”
The company’s safe deposit boxes also now function electronically.
“We have a reader so people can put their hand on a pad to access their safe deposit boxes,” points out Arnoldus. “They don’t have to wait for an employee to come as they’ve had to do in the past. We also have walk-up teller stations in a couple of our new branches that makes it more convenient for the customer.”
CPB recently bought a mortgage company, so it now offers Central Pacific home loans.
“We do a number of things to educate the consumer and make it easier for them to buy homes,” notes Arnoldus, adding that the company offers home loan seminars.
Green means more than cash for Central Pacific, which has been focusing its attention on the environment. “As one of our priorities, we want to be known as the alternative energy bank in Hawaii,” explains Arnoldus. “We’re always looking for projects that we can assist in that involve alternative energy.” CPB is the only Hawaii bank to help finance a wind farm on Maui. The farm uses giant turbines to harness the wind and generate electricity, instead of turning non-renewable fossil fuel into power.
The bank also is involved in social causes.
“In the Central Pacific family, we have the Lokahi project that you hear about a lot on KHON,” says Arnoldus. “It benefits families that have unfortunate circumstances that they need to cope with over the holiday season. It’s a project that not only gives them gifts but the necessities of life as well - household needs and small appliances, food, gas. Our employees really get behind this. It’s a wonderful project, and it gets bigger and bigger every year. Last year we raised $183,000.” Unwrapped gifts and monetary donations can be dropped off at any CPB location.
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