Territorial Savings acquisition is pending
1 Articles
1 Articles
Territorial Savings acquisition is pending
HONOLULU — A Los Angeles-based super-regional Korean American bank is poised to become the owner of Hawai‘i’s fifth-biggest financial institution. Honolulu-based Territorial Savings Bank, founded in 1921, is slated to be acquired by Hope Bancorp Inc., subject to regulatory approval. Territorial, with about $2 billion in assets and 28 branches on O‘ahu, Maui, Kaua‘i and Hawai‘i Island, is expected to retain its brand name and branches if the dea…
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