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Clint Arnoldus was appointed Vice Chairman and Chief Executive Officer of Central Pacific Financial Corp., a bank holding company, following the recent acquisition of CB Bancshares, Inc. on September 15, 2004. With $4.4 billion in assets, Central Pacific Financial Corp. is the fourth largest financial institution in Hawaii.
Mr. Arnoldus first joined Central Pacific Bank in early 2002. As Chairman, President and Chief Executive Officer, he was responsible for the overall direction of the holding company and bank operations.
With 11 years of experience at the CEO level and more than 30 years of experience in the banking industry, Mr. Arnoldus has served in a number of capacities in international and domestic assignments. He most recently served as Chairman, President and Chief Executive Officer of Community Bank, a $1.3 billion commercial bank based in Pasadena, California.
He also served as Chairman and Chief Executive Officer of First Interstate Bank of Nevada. At the time of his appointment, First Interstate Bank of Nevada was experiencing difficulty due to a troubled loan portfolio and regulatory problems. Mr. Arnoldus successfully oversaw the bank’s turnaround, and led it to become the top-performing bank within the 13-state First Interstate organization. He left First Interstate Bank when it was acquired by Wells Fargo and was named Chairman, President and Chief Executive Officer of The Bank of New Mexico in Albuquerque that same year.
Mr. Arnoldus is very active in business and community leadership in the State of Hawaii. He currently serves on the board of the Chamber of Commerce of Hawaii, Hawaii Business Roundtable, Hawaii Community Reinvestment Corporation, Hawaii Employers Council and the University of Hawaii Foundation.
He also generously donates his time to serve on a variety of non-profit boards, including the Aloha United Way, American Lung Association of Hawaii, Japanese Chamber of Commerce, Honolulu Symphony, Japan-American Society of Hawaii, March of Dimes and the Pacific Aviation Museum Pearl Harbor.
Born in Salt Lake City, Utah, Mr. Arnoldus grew up in Wyoming, Montana and California. He earned his undergraduate degree from Brigham Young University in Provo, Utah and master’s degree from the America Graduate School of International Management – Thunderbird in Glendale, Arizona. | 