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Territorial Bancorp Shareholders Approve Merger with Hope Bancorp

Author

Slice of Finance Team
13 Nov

Key Highlights:

  • Shareholders approve Territorial Bancorp's merger with Hope Bancorp.

  • All-stock merger aims to enhance customer, employee, and community value.

  • Expanded banking services, tech platforms, and products for Hawai‘i customers.

  • CEO Allan S. Kitagawa highlights long-term growth and customer benefits.

Notable Quote:

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"We expect our combination with Bank of Hope to strengthen Territorial for the long term, providing many advantages for our customers and employees as we become part of a larger organization with greater resources, enhanced technology platforms, and an expanded array of banking products and services."

Allan S. Kitagawa, Chairman, CEO, and President at Territorial Bancorp

Our Take:

This strategic merger between Territorial Bancorp and Hope Bancorp is set to transform the regional banking landscape in Hawai‘i. With shareholder approval secured, the alliance emphasizes customer-focused growth and expanded capabilities, such as enhanced technology and a broadened suite of financial products. Allan S. Kitagawa’s commitment to seamless service reflects a proactive approach to preserving Territorial's reputation for relationship banking while maximizing new opportunities for community enrichment and long-term regional stability. As regulatory approvals are underway, stakeholders can anticipate a unified financial entity positioned for growth and resilience in Hawai‘i’s evolving market.