FDIC
FEDERAL DEPOSIT INSURANCE CORPORATION
(415) 546-0160
Legal Division, 25 Jessie Street at Ecker Square, Suite 1400, San Francisco, CA 94105
FAX: (415) 808-7942
   


December 4, 2007

UNITED STATES POSTAL SERVICE
 
CERTIFIED - RETURN RECEIPT REQUESTED
 
 
The Board of Directors
Central Pacific Bank
220 South King Street
Honolulu, HI 96813

Subject:
Central Pacific Bank
 
Honolulu, Hawaii
 
Docket No. FDIC-06-205b
 
(Joint Order Terminating An Order to Cease and Desist)


 
Members of the Board:
 
Please be advised that the ORDER TO CEASE AND DESIST issued in the above-captioned matter by the Federal Deposit Insurance Corporation ("FDIC") and the Hawaii Division of Financial Institutions ("HDFI") on November 29, 2006, has been terminated by the FDIC and the HDFI.
 
For your records, please find enclosed a copy of the executed ORDER TERMINATING AN ORDER TO CEASE AND DESIST issued on behalf of the FDIC pursuant to delegated authority by Acting Regional Director Stan Ivie, Division of Supervision and Consumer Protection, San Francisco Regional Office; and Commissioner D. B. Griffin III of the HDFI issued on November 28, 2007.

 
 
Sincerely,
 
/s/ Elaine A. Laye
 
Elaine A. Laye
 
Senior Regional Attorney

EAL:mb

Enclosure
FEDERAL DEPOSIT INSURANCE CORPORATION

WASHINGTON, D.C.

 
 
)
  
 
)
  
In the Matter of
)
  
 
)
ORDER TERMINATING AN
CENTRAL PACIFIC BANK
)
ORDER TO CEASE AND DESIST
HONOLULU, HAWAII
)
  
 
)
Docket No. FDIC-06-205b
(INSURED STATE NONMEMBER BANK)
)
  
 
)
  
 
)
  


IT IS HEREBY ORDERED that the Order to Cease and Desist issued against Central Pacific Bank, Honolulu, Hawaii, pursuant to Section 8(b) of the Federal Deposit Insurance Act, 12 U.S.C. § 1818(b), and the Hawaii Revised Statutes, § 412:2-303, on November 29, 2006, be, and hereby is, terminated.

Dated at San Francisco, California, this 28th day of November 2007.

 
 
    Federal Deposit Insurance Corporation
    Pursuant to delegated authority.
     
   
/s/ Stan Ivie
 
By:
Stan Ivie
   
Acting Regional Director
   
Division of Supervision and Consumer Protection
   
San Francisco Region
     
     
   
Division of Financial Institutions, State of Hawaii
     
   
/s/ D. B. Griffin III
 
By:
D. B. Griffin III
   
Commissioner of Financial Institutions
    Division of Financial Institutions
   
Department of Commerce and Consumer Affairs
    State of Hawaii