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Central Pacific Rebounds
By Colby Staub on 2010-03-16 23:24:45
When John C. Dean was asked to become the new Chairman for Central Pacific Financial Corporation out in Hawaii, he accepted. John's position will help bring the bank up to par. It has lost hundreds of millions of dollars, due to the California real estate market.
Since John already has ties with Hawaii, it made it easy for him to move there. He has a home already at Oahu. He also is a faculty member at the University of College Business there in Hawaii, and is a co-founder of the Entrepreneur Foundation of Hawaii.
He will oversee reductions of the loan portfolio and investment securities, as the company is looking forward to improving it's capital position. In fact with him already being there, the stock market closed with their shares being up 25 cents, ending at $1.64 today.
Since John already has ties with Hawaii, it made it easy for him to move there. He has a home already at Oahu. He also is a faculty member at the University of College Business there in Hawaii, and is a co-founder of the Entrepreneur Foundation of Hawaii.
He will oversee reductions of the loan portfolio and investment securities, as the company is looking forward to improving it's capital position. In fact with him already being there, the stock market closed with their shares being up 25 cents, ending at $1.64 today.
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