Central Pacific Financial (CPF) in Honolulu has had one enforcement action replaced with another.

Central Pacific said in a regulatory filing Tuesday that the Federal Deposit Insurance Corp. had lifted a memorandum of understanding that obligated the $4.3 billion-asset company’s bank to maintain adequate capital, improve asset quality, provide sufficiently for loan losses and reduce classified assets.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.