The new company is the result of CPB's acquisition of Hawaii HomeLoans Inc., which was completed on Aug. 17. The combination maks Central Pacific HomeLoansone of Hawaii's largest mortgage loan providers with $697 million in residential home mortgages for the first eight months of this year.

All employees of Hawaii HomeLoans Inc. and Central Pacific Bank's mortgage division were retained with the new subsidiary. Central Pacific Bank is a wholly-owned subsidiary of Central Pacific Financial Corp., with $4.9 billion in assets.

Anamizu leads management buyout of local Ogilvy & Mather office

Emi Oishi Anamizu has led a management buyout of advertising firm Ogilvy & Mather's Honolulu office from London-based communications company WPP Group for an undisclosed price.

The firm, with 12 employees and major clients including Hawaiian Electric Co. and Victoria Ward Centers, has been renamed Core Group One Inc.

Anamizu, who was managing director and CEO of the company for five years, will continue as CEO. Jim Horiuchi, the firm's strategy director, will maintain his title and also serve as president. Account service, media and creative staffs are expected to remain the same.