There’s no denying it’s been a brutal three years for Central Pacific Bank and its parent company, Central Pacific Financial Corp. The bank’s aspiration of grabbing more market share with its 2004 merger with City Bank has all but disappeared.…
In March, the embattled Central Pacific Bank named John Dean as CEO and executive chairman. He has nearly 30 years of experience in the financial industry, including serving as CEO and chairman of Silicon Valley Bank. Q: You came to…
In November 2009, Robert Harrison was promoted from chief risk officer to president and COO of First Hawaiian Bank, the same positions, it’s worth noting, held by former CEOs John Bellinger and Walter Dods, and current CEO Don Horner. Harrison…
Q. I’ve just sold some assets and am looking for good investments, but I don’t want to be taken in by the nextBernie Madoff. What should I watch for? A. Many investors share your concerns about protecting their hard-earned nest eggs…
Q. A lot of customers are long overdue on paying me. I’m reluctant to take them to court, but I’m forced to borrow to pay my employees and bills. What do you suggest? A. Many small businesses face the same problems.…
Bob Dove, president of Hawaii Employers’ Mutual Insurance Company (HEMIC), offers these ways to save on the premiums for workers’ compensation insurance. 1. Run a safe operation This is by far the most important step. “Prevent the accidents before they…
Q. I’ve worked hard to build my business and I don’t want to lose it in a disaster. How do I know if I’ve got the right insurance coverage? A. Smart. The best time to think about that question is before…
Sometimes, it doesn’t make sense to be the biggest bull in town. That’s the theory around the country, at least, as smaller community banks, savings and loans, and credit unions insist that they are different, and better for individuals and…
You can thank Bernie Madoff for one thing: His widely publicized crimes demonstrated how important it is to choose your financial adviser carefully. Picking the right person takes research, and lots of questions and legwork, but consider the potential payoffs…
