Central Pacific Financial Corp New (CPF)

Competitors to Central Pacific Financial Corp New (CPF)

American Savings Bank

American Savings Bank and Central Pacific Financial Corp are direct competitors in the lending and deposit-taking markets in Hawaii. Both banks offer similar products, including personal loans, mortgages, and banking services for individuals and businesses. American Savings Bank relies on its strong customer service reputation and competitive interest rates to attract clients, but Central Pacific's focus on innovation and digital banking solutions provides it with a modern edge.

Bank of Hawaii Corporation 

Bank of Hawaii Corporation and Central Pacific Financial Corp compete primarily in the retail banking and commercial lending markets across Hawaii and the surrounding regions. Both institutions target similar customer bases, offering comparable services such as personal and business banking, loans, and investment services. Bank of Hawaii, however, holds a competitive advantage due to its larger asset base and established brand presence within Hawaii, giving it a stronger distribution network and customer loyalty.

First Hawaiian Bank 

First Hawaiian Bank and Central Pacific Financial Corp compete in the same markets, focusing on personal banking, commercial lending, and wealth management services. First Hawaiian Bank, which has a longer history and larger market capitalization compared to Central Pacific, can leverage economies of scale, making it more competitive in pricing and marketing strategies. Additionally, its broader range of services and financial products provides it with an edge in meeting diverse customer needs.

Territorial Savings Bank 

Territorial Savings Bank competes with Central Pacific Financial Corp predominantly in the local banking sector, offering savings accounts, home loans, and various banking services. While Territorial Savings has a smaller scale compared to Central Pacific, its focus on community-oriented banking and competitive mortgage products provides it with a niche advantage in appealing to local customers. However, Central Pacific's broader range of commercial services gives it a slight edge overall.