Exhibit 21

Subsidiaries of the Registrant

The Company or one of its wholly-owned subsidiaries owned the following percent of the outstanding common stock, voting securities and interests of each of the corporations listed below as of December 31, 2011:

Name		State or Other Jurisdiction of Incorporation		Percent Owned
Central Pacific Bank		Hawaii		100%
CPB Capital Trust I		Delaware		100%
CPB Capital Trust II		Delaware		100%
CPB Statutory Trust III		Connecticut		100%
CPB Capital Trust IV		Delaware		100%
CPB Statutory Trust V		Delaware		100%
CPB Real Estate, Inc.		Hawaii		100%
Citibank Properties, Inc.		Hawaii		100%
CB Technology, Inc.		Hawaii		100%
Central Pacific HomeLoans, Inc.		Hawaii		100% (1)
Pacific Access Mortgage, LLC		Hawaii		50%
Gentry HomeLoans, LLC		Hawaii		50%

(1) Merged into Central Pacific Bank in February 2012.