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/ B. Jeannie Hedberg				1/10/05

State of Hawaii
County of Honolulu

On January 10, 2005 before me personally appeared B. Jeannie Hedberg,
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