Central Pacific Financial which recently reported a 4th quarter net loss of $77.8 million will be closing it’s Roseville location on Rocky Ridge Rd.
In California, the Bank’s commercial loan offices in Pasadena and Roseville will be closed at the end of March 2010. These office closures are part of the Company’s previously announced plan to exit the California market.
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The branch consolidations and closure of the two California loan offices are expected to result in annual savings of approximately $1.9 million.
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