Territorial Bancorp Reaffirms Its Board’s Commitment to Proposed Merger with Hope Bancorp
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: GlobeNewswire
HONOLULU, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (“Territorial”) today reaffirmed the commitment of its Board of Directors to the proposed merger with Hope Bancorp, Inc. (“Hope”) that was announced on April 29, 2024. The announcement was made in response to an unsolicited proposal from Blue Hill Advisors LLC (“Blue Hill”) to acquire Territorial. “The unsolicited letter from Blue Hill claims to provide a nominally higher purchase price, but there are significant factors making the proposal highly uncertain and inferior to the merger agreed upon with Hope,” said Allan S. Kitagawa, Chairman, CEO and President of Territorial. “The Territorial Board carefully considered the proposal on two separate occasions, and after weighing the advice of independent legal and financial advisors, the Board rejected the proposal. In comparison to the Hope merger, where we have an experienced acquiror and a fully negotiated merger agreement, and where all required regulatory applic
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News
- Territorial Bancorp Inc. (NASDAQ: TBNK) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Territorial Bancorp Inc. (NASDAQ: TBNK) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Territorial Bancorp Inc. (NASDAQ: TBNK) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- TERRITORIAL BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Territorial Bancorp Inc. - TBNKBusiness Wire
- Territorial Bancorp Inc. (NASDAQ: TBNK) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
TBNK
Earnings
- 7/26/24 - Miss
TBNK
Sec Filings
- 9/19/24 - Form DEFA14A
- 9/18/24 - Form DFAN14A
- 9/12/24 - Form DEFA14A
- TBNK's page on the SEC website