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Neal K. Kanda Joins Finance Factors - Kanda Will Serve as Executive Vice President and Chief Financial Officer


Finance Factors Ltd. announced today that Neal K. Kanda has joined the company as executive vice president and chief financial officer.  In this position, Kanda will oversee Finance Factors’ overall financial plans and policies.  Kanda will serve on the Finance Factors Executive Management Committee, in addition to his oversight of financial administration, investment portfolio and asset liability management.

“Neal comes with a wealth of experience in the financial industry, and we are excited to have him join the Finance Factors family,” said Steven Teruya, president of Finance Factors. “He brings a great deal of banking knowledge and insight, which will prove to be a major asset to our company and further strengthen our management team.”

Kanda joins Finance Factors after two years of retirement.  From 2004 to 2006, Kanda was president and chief operating officer of Central Pacific Financial Corp. and Central Pacific Bank.  He also served as executive vice president and chief financial officer at Central Pacific Bank for 11 years, as well as senior vice president and controller for four years.

Prior to working at Central Pacific Bank, Kanda held executive positions at M&E Pacific, Inc. and First Interstate Bank of Hawaii (formerly American Security Bank).

Kanda is a certified public accountant, with a master’s degree in accounting from the University of Michigan, and a bachelor’s degree in finance from the University of Colorado.

Kanda is also active in the community, serving on the board of numerous organizations, including board co-chair of the East-West Center Foundation, board president of the United Cerebral Palsy Association of Hawaii, board director and council vice president of the Aloha Council Boy Scouts of America, and board director and treasurer of the American Judicature Society.  Kanda is also a member of the Hawaii Asia Pacific Association.

About Finance Factors

Finance Factors has been providing financial services in Hawaii for more than 55 years. Started in 1952 by six island families, the company has grown from a small local enterprise that pioneered personal loans for Hawaii’s working class, into Hawaii’s largest locally-owned depository financial services loan company.  Finance Factors specializes in residential and commercial real estate loans, including low-rate residential mortgage loans, land loans, construction loans, home equity credit lines, as well as a variety of portfolio mortgage loans for properties and borrowers with special needs. Finance Factors also offers some of the best rates on certificates of deposit and savings accounts, with deposits insured by the FDIC.

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