Hawaiian Electric Industries parent company cashed in on bank stock sale | Honolulu Star-Advertiser

Hawaiian Electric parent to use $33.9M from selling stake in bank for wildfire payments

Hawaiian Electric Industries sold about 2 million shares during the bank's initial public offering last week. The company plans to use proceeds to help pay its share of the Maui wildfire settlement.

Hawaiian Electric Industries parent company cashed in on bank stock sale | Honolulu Star-Advertiser

The parent company of Hawaiian Electric was among private shareholders of American Savings Bank that sold stock in the financial institution to the public last week.