Clinton L. Arnoldus was recently appointed president and chief operating officer of Central Pacific Bank, the state’s third-largest commercial bank. The bank’s board of directors, which had been actively engaged in searching for a successor, made the announcement in Honolulu
Clinton L. Arnoldus was recently appointed president and chief operating officer of Central Pacific Bank, the state’s third-largest commercial bank.
The bank’s board of directors, which had been actively engaged in searching for a successor, made the announcement in Honolulu last week. Central Pacific Bank has one Kaua’i branch, at the corner of Rice and ‘Umi streets in Lihu’e.
“After conducting an extensive national search for the past year and a half, we are pleased to announce that we have found the ideal leader in Clint Arnoldus, who will help guide Central Pacific Bank into the future,” said Paul Devens, vice chairman of the CPB Inc. board and the bank’s search committee.
“His extensive financial experience and expertise will be invaluable in leading Central Pacific Bank’s continued dynamic growth,” said Devens, a Honolulu attorney.
Arnoldus most recently served as chairman, president and chief executive officer of Community Bank, a $1.3 billion commercial bank based in Pasadena, Calif. He now succeeds Naoaki Shibuya, who has been appointed vice chairman of Central Pacific Bank.
“Clint Arnoldus brings with him a proven track record in banking leadership, and a fresh, new perspective,” said Joichi Saito, CPB chairman and chief executive officer.
“I’m looking forward to working together to insure a smooth transition. As my eventual successor, I’m confident that Clint Arnoldus will continue CPB’s commitment in serving our local community,” Saito said.
At CPB Inc.’s annual shareholders meeting in April, Arnoldus will be appointed chairman, president and chief executive officer of CPB Inc. and the bank.
“I’m pleased to join a bank with the financial strength as strong as Central Pacific Bank,” said Arnoldus. “The management team has done an exceptional job in asset management while reducing its expenses, resulting in nine consecutive quarters of record earnings,” Arnoldus continued.
“The community can be assured that I’m not here to make dramatic changes to CPB’s winning formula. I look forward to building on Central Pacific Bank’s strength in customer service and product enhancement in expanding the company’s market share,” he added.
Arnoldus brings more than 28 years of banking experience to his position. He served as chairman and chief executive officer of First Interstate Bank of Nevada from 1993 to 1996, then became chairman, president and chief executive officer of The Bank of New Mexico in Albuquerque in 1996, after Wells Fargo bought First Interstate.
He also has bank management experience in Los Angeles, San Francisco and Chicago. He holds a bachelor’s degree from Brigham Young University in Provo, Utah, and his master’s degree from the American Graduate School of International Management – Thunderbird in Glendale, Ariz.
