Hawaii Community Federal Credit Union plans to open a new Hilo branch next year

The branch at 111 Aupuni St. will be the sixth full-service location for HCFCU on Hawaii island. The building design will include a drive-up teller window and 24-hour ATM.

HCFCU, which has 40,000 members, has other branches on Hawaii island in Honokaa, Kailua-Kona, Kaloko, Kealakekua and Kohala, along with student credit unions in Kealakehe, Kohala and Konawaena high schools.

Membership in HCFCU is open to all Hawaii island residents.

Central Pacific boosts stock buyback by $50M

Central Pacific Financial Corp.’s board of directors has authorized a $50 million increase in the company’s share repurchase program.

The parent of Central Pacific Bank said Wednesday the amount is in addition to the $30 million in planned repurchases authorized earlier this year.

Central Pacific said there is no time period established for the buybacks and no expiration date.

Shares of Central Pacific closed up 11 cents at $29.76 on Wednesday. The stock is down 5.3 percent this year.

ON THE MOVE

Hawaiian Telcom has announced the following promotions:

>> Matthew Freeman was promoted to director of managed services. Freeman has more than 17 years of experience in implementing and developing IT solutions for Hawaii businesses. He previously served as a senior manager-internet protocol and managed services.

>> Edy Nakamura was promoted to director of engagement and development in Human Resources. Nakamura is a 37-year company veteran who was previously a senior manager in public communications.

>> Keola Siafuafu was promoted to executive director of support services. Siafuafu is a 27-year company veteran who previously was a director of support services.