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    CPB Inc. Revises Time of First Quarter 2003 Earnings Conference Call

    Company Release - 4/11/2003 6:03 PM ET

    HONOLULU--(BUSINESS WIRE)--April 11, 2003--CPB Inc. (NYSE: CPF), has rescheduled the time of its earnings conference call to 10 a.m. Eastern Time (4 a.m. Hawaii Time) on April 17, 2003. The call will be simultaneously webcast and can be accessed at CPB Inc.'s Investor Relations web site at http://investor.cpbi.com/.

    The Company plans to release its earnings before the market opens on April 17, 2003. The earnings release will be posted on CPB Inc.'s Investor Relations web site shortly after its public release.

    Following the conference call, an archived replay will be available on CPB Inc.'s web site beginning at 1 pm Eastern Time on April 17, 2003. Institutional investors may access the call at http://www.streetevents.com/.

    About CPB Inc./Central Pacific Bank

    CPB Inc. is a Hawaii-based bank holding company with $2.0 billion in assets and whose stock is traded under the symbol "CPF". Central Pacific Bank, its wholly owned subsidiary, is Hawaii's third largest commercial bank with 24 branches statewide, including five supermarket branches and more than 70 ATMs.

        CONTACT: Neal Kanda (IR), 808/544-0622
                 investor@cpbi.com
                 or
                 Ann Takiguchi (MR), 808/544-0685
                 atakiguchi@cpbi.com
    
        SOURCE: CPB Inc.