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The Honolulu Advertiser
Posted on: Tuesday, August 4, 2009

Shares of Central Pacific Financial jump 32 percent

Advertiser Staff

Shares of Central Pacific Financial Corp. were among the best-gaining small company stocks on the New York Stock Exchange today as shares surged 32 percent.

The parent company of Central Pacific Bank closed up 70 cents to $2.87 as financial stocks led the Dow Jones Industrial and Standard & Poor’s 500 indexes higher.
The price jump comes days after the company postponed plans to sell new stock and raise up to $100 million. Central Pacific’s gain was the highest on a percentage basis since late March, when its shares were up $1.89 to $7.54.