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CPB INC. DECLARES FOURTH QUARTER CASH DIVIDEND

 HONOLULU, Dec. 16 /PRNewswire/ -- The board of directors of CPB Inc. (NASDAQ: CPBI), holding company of Central Pacific Bank, declared a fourth quarter cash dividend of $0.20 per common share to stockholders of record as of Dec. 31, 1992, payable on Jan. 15, 1993. The cash dividend of 20 cents is consistent with the previous quarter's cash dividend and brings the total dividends paid to date to $0.80 per common share for 1992. The 1992 dividend represents a 14.3 percent increase over the $0.70 per common share paid in 1991.
 Central Pacific Bank is Hawaii's third-largest commercial bank with more than $1.2 billion in assets and 18 branches statewide.
 -0- 12/16/92
 /CONTACT: Wayne Kirihara, VP and manager, marketing division, of Central Pacific Bank, 808-544-0500/
 (CPBI)


CO: CPB Inc.; Central Pacific Bank ST: Hawaii IN: FIN SU: DIV

JL-EH -- LA035 -- 7792 12/16/92 14:12 EST
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Publication:PR Newswire
Date:Dec 16, 1992
Words:153
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