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    Central Pacific Financial Corp. to Present at The Keefe, Bruyette & Woods Community Bank Investor Conference

    Company Release - 7/24/2007 4:45 PM ET

    HONOLULU, July 24 /PRNewswire-FirstCall/ -- Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, announced that President and Chief Executive Officer Clint Arnoldus and Vice Chairman and Chief Financial Officer Dean K. Hirata will be presenting at the Keefe, Bruyette & Woods ("KBW") Community Bank Investor Conference at the Waldorf-Astoria Hotel in New York, NY.

    Central Pacific is scheduled to present from 4:30 p.m. to 5:00 p.m. (ET) on Tuesday, July 31, 2007. KBW will offer a live webcast of the presentation at its website located at http://www.kbw.com/news/conferenceCommunity.html. The webcast will also be archived at KBW's website for 60 days after the event. Investors and analysts may also access a copy of the presentation by visiting Central Pacific's website at http://www.centralpacificbank.com and selecting the Investor Relations link.

    About Central Pacific Financial Corp.

    Central Pacific Financial Corp. is the fourth largest financial institution in Hawaii with more than $5.5 billion in assets. Central Pacific Bank, its primary subsidiary, operates 38 branch offices and more than 90 ATMs throughout Hawaii. For additional information, please visit our website at http://www.centralpacificbank.com.

    SOURCE Central Pacific Financial Corp.

    Contact: investors, David Morimoto, SVP & Treasurer, +1-808-544-0627, investor@centralpacificbank.com, or media, Wayne Kirihara, SVP & Director of Marketing & PR, +1-808-544-0687, wayne.kirihara@centralpacificbank.com, both of Central Pacific Bank