Hope Bancorp Completes Merger With Territorial Bancorp [Yahoo! Finance]
Territorial Bancorp Inc. (TBNK)
Last territorial bancorp inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations:
territorialsavings.net/tsb/investor-relations
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Source: Yahoo! Finance
the completion of its merger with Honolulu-based Territorial Bancorp Inc. ("Territorial"), the holding company for Territorial Savings Bank. Effective as of April 2, 2025, Territorial Savings Bank will operate under the trade name Territorial Savings, a division of Bank of Hope, preserving the 100-plus year legacy of the Territorial brand, culture and commitment to local communities. "We are excited to have completed this combination and to officially welcome Territorial customers and team members to the Bank of Hope family," stated Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp. "With the addition of Territorial Savings, Bank of Hope has become the largest regional bank catering to multi-cultural customers across the continental United States and Hawaii." Pursuant to the merger agreement, Territorial shareholders have the right to receive 0.8048 shares of Hope Bancorp common stock in exchange for each share of Territorial common stock they own. Ab
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