Central Pacific Bank has shuffled some of its top executive positions and added two board directorships.

Catherine Ngo, 54, who will take over as chief executive officer July 1, was named Thursday to the board along with Lance Mizumoto, 57, president and chief banking officer. The new directors will increase the members on the company’s board to 11 from nine.

In addition, David Morimoto, 47, was promoted to executive vice president and chief financial officer. He currently serves as senior vice president and treasurer.

And Denis Isono, 63, current executive vice president and CFO, will assume a new role at the bank as executive vice president of corporate services. Isono will continue to serve as president of the Central Pacific Bank Foundation.

Single-family home sales rise on Maui

Sales of million-dollar condominiums in Kaanapali fell significantly last month, but that dampened Maui’s broad housing market only a bit in May as sales and prices of single-family houses rose.

The number of condos sold on Maui slipped 7 percent to 109 in May from 117 in the same month last year. Yet the median price dipped just 1 percent to $469,000 from $472,000.

Much of the decline was concentrated in the Kaanapali resort area, where there were 13 sales for a median $985,000 last month compared with 27 sales for a median $1.1 million a year earlier.

In Kihei, where most Maui condo sales occur, there were 37 sales for a median $395,000 last month compared with 34 sales for a median $322,500 a year earlier.

Maui’s single-family house market had a couple more sales in May than a year earlier, while the median price had a double-digit increase.

There were 88 single-family house sales last month, up from 86 a year earlier. The median price rose 13 percent to $607,098 from $537,500.

Hawaiian Air planes were 80% full in May

Hawaiian Airlines said Thursday it carried 4.1 percent more passengers in May than it did in May 2014.

The state’s largest carrier flew 892,082 passengers last month, up from 856,559 a year ago.

Hawaiian said its planes flew 80.5 percent full in May, up from 79.1 percent last year.

So far this year, Hawaiian is running 4.5 percent ahead of 2014 in the number of passengers with 4.23 million in the past five months versus 4.05 at the same time last year.

Investment funds sell Central Pacific stock

Two investment funds that helped rescue Central Pacific Financial Corp. several years ago have taken another step to lighten their investment by selling another large chunk of stock in the Hawaii financial institution.

Central Pacific announced Thursday that ACMO-CPF LLC and Carlyle Financial Services Harbor LP sold 1.5 million shares each in the banking firm to Citigroup Inc.

The sale was completed Thursday for an undisclosed price. Citigroup intends to resell the stock. Shares of Central Pacific stock that trade on the New York Stock Exchange closed at $23.76 Thursday. Shares over the last 52 weeks have closed as high as $25.11 on March 16 and as low as $17.35 on Aug. 20.

The cash-out by ACMO and Carlyle represents the latest in a series of what Central Pacific calls an “orderly disposition” of its stock by the two firms, which remain Central Pacific’s largest shareholders.

The two funds were primarily responsible for keeping Central Pacific afloat when they provided the bank with a $189 million capital infusion in exchange for shares in February 2011. The bank ultimately attracted a total of $345 million for its recapitalization.

At the time of the cash infusion, ACMO and Carlyle each owned about 25 percent of Central Pacific. Following the latest sale, the two firms each have almost 2.8 million shares representing 8.8 percent stakes.

The latest sale followed a sale of 3.8 million shares in April by the two firms. An initial sale of 1.4 million shares was made by the funds in April 2014.

On the Move

» Shannon Okinaka has been appointed executive vice president and chief financial officer of Hawaiian Holdings and its wholly owned subsidiary, Hawaiian Airlines. Okinaka served as vice president-controller of Hawaiian Airlines since 2011.

» The Queen’s Medical Center honored the student and adult volunteers of the year at an appreciation luncheon recently:

— Chester Hui is this year’s recipient of the student Kokua Po‘okela Award. He served at Queen’s Heart and in the ICU and is now assigned to Fleetwing.

— Francis Bueno received the adult Kokua Po‘okela Award. He supported the team at the Queen’s Medical Center-West Oahu.

— Faye Uno received the Ho‘omau Award, which recognizes longevity of service. She has been a volunteer for the medical center for 26 years and helps visitors and callers at the information desk and also serves in Fleetwing.

Ship Ahoy!

Today’s ship arrivals and departures: