Central Pacific Financial Corp.
Power of Attorney

(To execute Forms 3, 4 and 5 of the United States Securities and
Exchange Commission for the purposes of reporting pursuant to and
under Section 16(a) of the Securities and Exchange Act of 1934 and
related Rule 16a-3 and other related Rules and Regulations of the
United States Securities and Exchange Commission.)

The undersigned hereby constitutes and appoints, effective as of the
date of the undersigned?s signature below, the Chief Executive Officer,
the President, the Chief Financial Officer, the General Counsel &
Corporate Secretary, the Assistant Controller, and Hollie A. Amano
(executive assistant to the Chief Financial Officer), of Central Pacific
Financial Corp., who may be appointed to and occupy such offices
from time to time, the undersigned?s true and lawful attorneys-in-fact
to do the following:

A.	To execute for and on behalf of the undersigned, Forms 3, 4 and 5
of the United States Securities and Exchange Commission for the
purposes of reporting pursuant to and under Section 16(a) of the Securities
and Exchange Act of 1934 and related Rule 16a-3 and other related
Rules and Regulations of the United State Securities and Exchange
Commission.

B.	To do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete the
execution of any such Form 3, 4 and 5 and the timely filing of any
such Form with the United States Securities and Exchange
Commission and any other authority.

C.	To take any other action of any type whatsoever in connection
with the foregoing which, in the opinion and/or judgment of such
attorney-in-fact, may be of benefit to, in the best interest of, or
legally required by, the undersigned, it being understood the
documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form
and shall contain such terms and conditions as such attorney-in-fact
may approve in his discretion.

D.	To do and perform all and every act and thing whatsoever requisite,
necessary and proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, hereby ratifying
and confirming all that such attorney-in-fact shall lawfully do or cause
to be done by virtue of this power of attorney and the rights and powers
herein granted.

Each attorney-in-fact hereunder shall have full power and authority
under this Power of Attorney, and all acts authorized to be taken by
the attorneys-in-fact hereunder may be taken by any one attorney-in-fact.

The undersigned acknowledges that Central Pacific Financial Corp.
and the attorneys-in-fact who are serving hereunder for the benefit
of the undersigned, are not assuming any of the undersigned?s
responsibilities to comply with Section 16 of the Securities Exchange
Act of 1934 or any other securities laws, rules or regulations that the
undersigned is required to comply with.

/s/ Colbert Matsumoto				1/26/05

State of Hawaii
County of Honolulu

On January 26, 2005 before me personally appeared Colbert Matsumoto,
to me known to be the person described in and who executed the foregoing
instrument and acknowledged that she/he executed the same as her/his
free act and deed.

/s/ Glenn K.C. Ching
Notary Public, State of Hawaii
Commission expires: 10/3/2007