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Central Pacific Bank plans to open two new branches next month, including one that it is relocating from another site.
The state’s fourth-largest bank with $4.4 billion in assets said Thursday it will close its Keeaumoku branch March 8 and relocate it to the former KGMB-TV building site on Kapiolani Boulevard across the street from Nordstrom.
A soft opening for the new 3,742-square-foot branch is set for March 11 with a grand opening to follow on April 20. The branch will offer the same services but is smaller than the 5,453-square-foot branch at 818 Keeaumoku St.
Central Pacific also said it plans to open a new branch — its 35th — next month at the new Laulani Village Shopping Center at the corner of Fort Weaver Road and Keaunui Drive in Ewa Beach. There is no opening date set yet for the 2,400-square-foot branch, which will be the bank’s first in Ewa Beach.
Central Pacific spokesman Wayne Kirihara said building owner Hawaii Medical Service Association did not renew the bank’s lease at the Keeaumoku site. HMSA said it will use the vacant bank space for its own operations.
Last month, Central Pacific reported that fourth-quarter earnings rose 2.6 percent to $12.4 million, marking the eighth straight profitable quarter since its $325 million recapitalization in February 2011. Prior to the recapitalization, Central Pacific lost more than $703 million from 2008-2010.
