Central Pacific Bank Hosts Groundbreaking for Flagship Main Branch

HONOLULU, HI | January 31, 2020 – Central Pacific Bank (CPB) hosted a groundbreaking event with City officials to celebrate the start of construction for its flagship Main Branch at the corner of South King and Alakea streets in downtown Honolulu. The project is part of RISE2020—CPB’s $40 million investment and commitment to stay at the forefront of the changing needs of its customers and community across its digital banking solutions, ATM network, and modernized branch experiences.

CPB’s flagship Main Branch transformation aims to align private industry investment with the City and County of Honolulu in helping to revitalize downtown Honolulu. CPB’s new facilities will feature an indoor-outdoor lanai, co-working spaces, and new retail space to create a downtown gathering place that generates activity and community building among CPB customers, community members, small businesses, and non-profits.

“Today’s groundbreaking is not just of the construction of our Main Branch,” said Paul Yonamine, Chairman, CPB. “It is the start of the transformation of the corner of South King and Alakea Streets that are indicative of our RISE2020 investment, a true signal of change.”

“It’s the further revitalization of this major crossroad in the downtown area that will keep Honolulu the best city in the world,” said Mayor Kirk Caldwell. “And the features of RISE2020, from the co-working spaces to the CPB Lanai, reflect our “aloha spirit” in so many ways.”

Construction is scheduled to begin in early February, and completed in early 2021.

For additional information on RISE2020: cpb.bank/RISE2020