CPB Inc. Announces First Quarter 2003 Earnings Conference Call.

Business Editors

HONOLULU--(BUSINESS WIRE)--April 10, 2003

CPB Inc. (NYSE: CPF), will hold its quarterly conference call to discuss first quarter results on Thursday, April 17, 2003, at 3:00 p.m. Eastern Time (9:00 a.m. Hawaii Standard Time). The call will be simultaneously webcast and can be accessed at CPB Inc.'s Investor Relations web site at http://investor.cpbi.com/.

The Company plans to release its earnings before the market opens on April 17, 2003. The earnings release will be posted on CPB Inc.'s Investor Relation's web site shortly after its public release.

Company participants will include Clint Arnoldus, Chairman, President and Chief Executive Officer; and Neal Kanda, Vice President, Secretary and Treasurer. The call will feature a brief discussion of the earnings release, followed by questions from investors.

Following the conference call, an archived replay will be available on CPB Inc.'s web site beginning at 5pm Eastern time on April 17, 2003. Institutional investors may access the call at http://www.streetevents.com/.

About CPB Inc./Central Pacific Bank

CPB Inc. is a Hawaii-based bank holding company with $2.0 billion in assets and whose stock is traded under the symbol "CPF". Central Pacific Bank, its wholly owned subsidiary, is Hawaii's third largest commercial bank with 24 branches statewide, including five supermarket branches and more than 70 ATMs.