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CPB INC. DECLARES FIRST QUARTER CASH DIVIDEND

 CPB INC. DECLARES FIRST QUARTER CASH DIVIDEND
 HONOLULU, March 17 /PRNewswire/ -- The board of directors of


CPB Inc. (NASDAQ: CPBI), holding company of Central Pacific Bank, declared a first quarter cash dividend of $0.20 per common share to stockholders of record March 31, 1992, payable on April 17, 1992. The cash dividend represents a $0.02 per share or 11.1 percent increase over the previous quarter's cash dividend.
 Yoshiharu Satoh, chairman, president and chief executive officer of CPB Inc., attributed the increase to the company's continued growth in earnings during 1991.
 Central Pacific Bank is Hawaii's third largest commercial bank with over $1 billion in assets and 18 branches statewide.
 -0- 3/17/92
 /CONTACT: Wayne Kirihara, VP and manager-marketing division of Central Pacific Bank, 808-544-0500/
 (CPBI) CO: Central Pacific Bank ST: California IN: FIN SU: DIV


DM-CH -- LA019 -- 8836 03/17/92 14:29 EST
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Publication:PR Newswire
Date:Mar 17, 1992
Words:148
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