Central Pacific Bank (CPB) and each member bank of the TSUBASA Alliance enhancing Financial System (TSUBASA) of Japan have signed memorandums of understanding (MOUs) to mutually explore business opportunities between Japan and Hawaii through cooperation and the sharing of ideas. TSUBASA is made up of six regional banks throughout Japan: The Chiba Bank, Ltd., The Daishi Bank, Ltd., The Chugoku Bank, Ltd., The Iyo Bank, Ltd., The Toho Bank, Ltd., and The North Pacific Bank, Ltd. The alliance was established to investigate and research advanced IT technologies including Fintech. Hawaii serves as a vital testing ground for Japanese firms wishing to expand to the U.S. Mainland, and is an attractive market because of its large Japanese-American community that is open to Japanese products.

CPB's International Banking division is uniquely qualified to assist Japanese firms who wish to expand their business to the U.S., as well as to introduce Hawaii businesses that are pursuing the Japan market, to Japan banks.