Central Pacific Bank Strengthens Credit Team With Additions of Wilson, Dlugopolsky, Rose

Jun 22, 2010, 23:59 ET from Central Pacific Financial Corp.

HONOLULU, June 22 /PRNewswire/ -- Central Pacific Bank has hired Bill Wilson as Executive Vice President, Special Credits; Irene A. Dlugopolsky as Senior Vice President, Director of Credit Risk Management and Michael Rose as Vice President, Special Assets Senior Manager.

"Together, Bill, Irene and Michael bring nearly 55 years of experience in credit risk management, loan review and underwriting," said John C. Dean, Executive Chairman of Central Pacific Bank. "Their addition to our credit management team further strengthens our efforts to improve our credit risk profile."

Wilson is responsible for overseeing the bank's special credits both on the Mainland and Hawaii. He will work with special credits managers to develop financing strategies and loan workouts. Dlugopolsky is responsible for evaluating and monitoring the bank's overall loan portfolio quality. Rose manages a special credits team that will focus on the management of other real estate owned (OREO) and the disposition of assets and notes.

Wilson has 15 years of U.S. and international experience in credit risk management in public and private companies. He also has 14 years of U.S. and international credit and lending experience at a major international financial institution where he served as Senior Vice President and led a specialist management team responsible for structuring innovative financial solutions and managing tax and legal issues of troubled real estate assets. Subsequently, he reformed and led their national real estate lending group.  Wilson holds a bachelor's degree in business administration and finance from the University of San Francisco.

Dlugopolsky, with 19 years of experience in the financial services industry, most recently served as a private contractor providing loan review and credit risk consulting services for KPMG clients throughout the U.S. mainland. She also worked at financial institutions on the Mainland and Hawaii where she was responsible for enhancing the analysis and evaluation methodology of their Allowance for Loan and Lease Losses (ALLL) and the risk profile of loan portfolios. A graduate of Case Western University's Weatherhead School of Management, Dlugopolsky also holds a bachelor's degree in accounting and finance from Baldwin-Wallace College in Ohio.

Rose, with 17 years of experience in commercial real estate finance and development, most recently worked at the Maryl Group in Honolulu where he managed commercial real estate development projects and worked with investors and lenders to optimize capital structuring. He also worked at other financial institutions in both Hawaii and the San Francisco Bay Area financing commercial real estate developers, investors and homebuilders. Rose holds a bachelor's degree in economics from Cornell University.

Central Pacific Financial Corp. is a Hawaii-based financial institution with more than $4.4 billion in assets. Central Pacific Bank, its primary subsidiary, operates 35 branches, approximately 110 ATMs, and a residential mortgage subsidiary throughout the state. For additional information, please visit our website at www.centralpacificbank.com.

SOURCE Central Pacific Financial Corp.