Central Pacific Financial Corp. (NYSE:CPF) parent company of Central Pacific Bank, reported a net loss for the fourth quarter of 2010 of $2.1 million, or $0.14 per diluted share, compared to a net loss of $98.8 million, or $3.33 per diluted share in the fourth quarter of 2009 and a net loss of $72.5 million, or $2.46 per diluted share in the third quarter of 2010. During the past three months, the Company completed a number of key milestones as it pursued its previously announced plans to raise $325.0 million of new capital through a private placement offering.