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CPB INC. ANNOUNCES THIRD QUARTER CASH DIVIDEND

 HONOLULU, Sept. 15 /PRNewswire/ -- The board of directors of CPB Inc., (NASDAQ: CPBI) holding company of Central Pacific Bank, declared a third quarter cash dividend of $0.22 per common share to stockholders of record as of Sept. 30, 1993, payable on Oct. 22, 1993. A cash dividend of 22 cents was also paid in the two previous quarters bringing total dividends to $0.66 per common share for 1993.
 Central Pacific Bank is Hawaii's third largest commercial bank with over $1.2 billion in assets and 18 branches statewide.
 -0- 9/15/93
 /CONTACT: Wayne Kirihara, senior VP and manager, Marketing Division of Central Pacific Bank, 808-544-0500/
 (CPBI)


CO: Central Pacific Bank ST: Hawaii IN: FIN SU: DIV

LM-JB -- LA019 -- 2368 09/15/93 15:50 EDT
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Publication:PR Newswire
Date:Sep 15, 1993
Words:128
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