Central Pacific Bank’s parent company is going to have its third chief executive officer in three years.

The state’s fourth-largest bank announced this morning that Paul Yonamine, who joined the boards of directors of both Central Pacific Financial Corp. and the bank in June 2017, will take over as chairman and CEO of the parent company effective Monday.

Yonamine, 61, currently serves as the executive chairman of GCA Corp., the largest independent mergers and acquisitions advisory investment bank in Japan listed on the Tokyo Stock Exchange. GCA specializes in technology based, cross border M&A advisory services with 18 offices across America, Asia and Europe. Beginning Monday, Yonamine will be non-executive chairman of GCA Corp., Japan.

Catherine Ngo, who took over as president and CEO of the bank and parent company on July 1, 2015, will continue to serve as president and CEO of the bank as well as president of the parent company and will remain on both boards.

“I am delighted to have invited Paul to take on this position and my recommendation to our board for his appointment was based on recognizing the significant added value he could provide to our organization, especially in the areas of business development, digital transformation, and IT strategy,” Ngo said in a statement.

John Dean, the current chairman of the holding company and the bank, will remain a director of both boards. Dean, who was chairman and CEO before Ngo was promoted from president, took over the reins of the bank and holding company in March 2010 when the bank was on the verge of bankruptcy and had $496 million in nonperforming assets. He spearheaded a recapitalization of the bank in February 2011 with $325 million from private investors and an additional $20 million from shareholders.

“Paul brings with him a wealth of experience and successful achievements in the financial services and technology solutions industries and we believe that his proven leadership, vision and global perspectives will greatly enhance the strength of the executive management team,” Dean said in a statement.