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Get CPF alertsDavid Morimoto is recorded as COO at Central Pacific Financial Corp (CPF) since March 1, 2025 and CFO at Central Pacific Financial Corp (CPF). The newest filing on record that lists David Morimoto as CFO at Central Pacific Financial Corp (CPF) is dated March 10, 2021. Central Pacific Financial Corp reported in an 8-K filed February 27, 2025 that David Morimoto was appointed Vice Chairman (corporate title) and Chief Operating Officer, effective March 1, 2025. The proxy statement of Central Pacific Financial Corp reports total compensation of $733,003 for David Morimoto in fiscal 2019, including a base salary of $350,000. Disclosed compensation is on record for 3 fiscal years. David Morimoto has spoken on 26 earnings calls across 1 company, most recently for Central Pacific Financial Corp on July 24, 2026. Central Pacific Financial Corp is classified in the Banks - Regional industry within the Financial Services sector. Other leadership on record at Central Pacific Financial Corp includes Arnold Martines (CEO, COO and Board Member), Paul Yonamine (CEO), A. Catherine Ngo (Chairman) and 7 others.
“On February 25, 2025, the Boards of Directors of Central Pacific Financial Corp. (the “Company”) and Central Pacific Bank (the “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”
“Total loans ended the quarter relatively flat at $5.3 billion, with average loan balances increasing quarter over quarter by $33 million. Second quarter loan growth was impacted due to several loan closings moving to the third quarter, coupled with expected CRE loan payoffs.”
“During the first quarter, our total loan portfolio grew by $31 million, bringing total loans to $5.3 billion at quarter end. The majority of the loan growth came near the end of the first quarter.”
“In the fourth quarter, our teams were successful in growing core deposits through consistent calling efforts and relationship building. Total core deposits grew by $78 million during the quarter, with meaningful gains in interest-sparing demand, savings, and money market balances.”
“Our balance sheet growth strategy continues to focus on deepening customer relationships and increasing market share within our core Hawaii market. As expected, in the third quarter we reported solid net growth with loans increasing by $77 million and deposits by $33 million.”
“Our loan and deposit growth strategy continues to focus on deepening customer relationships and growing market share in Hawaii, in select mainland markets, and in Asia.”
2025-03-01–present
Start not stated–present
Last confirmed March 10, 2021
Banks - Regional · Financial Services
CFO, COO
2025-03-01–present
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2019 | Central Pacific Financial Corp (CPF) | Executive Vice President, Chief Financial Officer & Treasurer | $350,000 | $733,003 |
| 2018 | Central Pacific Financial Corp (CPF) | Executive Vice President, Chief Financial Officer & Treasurer | $303,462 | $623,859 |
| 2017 | Central Pacific Financial Corp (CPF) | Executive Vice President, Chief Financial Officer & Treasurer | $275,192 | $579,903 |
