Territorial Bancorp Inc. (TBNK) News
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Latest TBNK News From Around the Web
Below are the latest news stories about TERRITORIAL BANCORP INC that investors may wish to consider to help them evaluate TBNK as an investment opportunity.
Territorial Bancorp Shareholders Approve Hope Bancorp MergerHONOLULU, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (“Territorial” or the “Company”) announced that its shareholders voted to approve the Company’s proposed merger with Hope Bancorp, Inc. (“Hope Bancorp”) (NASDAQ: HOPE) at the Special Meeting of Territorial Stockholders held today. Territorial shareholders’ support for the Hope Bancorp merger underscores the value it delivers and the benefits it creates for customers, employees and communities across Hawai‘i. Thro |
Blue Hill Advisors to Territorial Shareholders: No Risk to Territorial if Board Engages with UsBlue Hill Advisors today issued the following open letter to shareholders of Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK). |
Territorial Reaffirms Board of Directors Recommendation that Territorial Shareholders Vote “FOR” Hope Bancorp MergerTerritorial Determines Not to Engage in Discussions With Blue Hill AdvisorsHONOLULU, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (“Territorial” or the “Company”) today announced that the Company’s Board of Directors has reaffirmed its recommendation that Territorial shareholders vote “FOR” the merger with Hope Bancorp, Inc. (“Hope Bancorp”) (NASDAQ: HOPE) at the November 6, 2024, Special Meeting of Stockholders. On October 25, 2024, Territorial received additional i |
Hope Bancorp tight-lipped on its acquisition of Territorial in HawaiiThe Honolulu-based seller, which plans a Nov. 6 shareholder vote on the deal, posted a third-quarter loss and reiterated its commitment to the Hope agreement. But an offer with a higher price from an investor group is also on the table. |
Territorial Bancorp: Q3 Earnings SnapshotHONOLULU (AP) — Territorial Bancorp Inc. TBNK) on Monday reported a loss of $1.3 million in its third quarter. The bank, based in Honolulu, said it had a loss of 15 cents per share. |
Territorial Bancorp Inc. Announces Third Quarter 2024 ResultsThe Company’s tier one leverage and risk-based capital ratios were 11.57% and 29.07%, respectively, and the Company is considered to be “well-capitalized” at September 30, 2024.Ratio of non-performing assets to total assets of 0.11% at September 30, 2024. HONOLULU, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, reported a net loss of $1,318,000, or $0.15 per dilute |
Investors Behind Territorial Proposal Advance Offer with Detailed Disclosure to BoardInvestors behind a proposal submitted on August 26 to the Board of Directors (the "Board") of Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) have disclosed information about themselves in an addendum sent to Territorial's outside counsel today (the "Addendum"). The investors have offered repeatedly since late August to engage with the Board and advance their proposal toward a binding agreement that they believe will be better for all Territorial stakeholders. |
Leading Independent Proxy Advisory Firm Glass Lewis Joins ISS in Recommending that Territorial Shareholders Vote “FOR” Merger with Hope BancorpGlass Lewis Recognizes the Value Creation and Additional Upside that the Hope Bancorp Merger Provides to Territorial Shareholders Glass Lewis Acknowledges the Substantial Concerns and Risks Posed by Blue Hill’s Secrecy, Lack of Transparency and the Absence of Crucial, Material Information Glass Lewis Agrees with Board’s Decision Not to Consider the Blue Hill Preliminary Indication of Interest a Superior Proposal Territorial Board Urges Shareholders to Follow the Recommendations from Glass Lewis |
Territorial Bancorp Shareholder Yakira Capital Management Calls on Board to Consider Blue Hill Advisors' OfferTerritorial Bancorp Shareholder Yakira Capital Management Calls on Board to Consider Blue Hill Advisors' Offer |
Yakira Capital Refutes Territorial Bancorp's Board of Directors' Public Concerns Related to Acquisition Offer from Blue Hill AdvisorsYakira Capital Management, an investment manager based in Westport, CT, has been compelled to issue an additional public response regarding Territorial Bancorp's (NASDAQ: TBNK) Board of Directors' rejection to consider a superior acquisition offer from the Blue Hill Advisors consortium, in favor of a merger with Hope Bancorp "Hope" (NASDAQ: HOPE). With 111,247 shares (approximately 1.23%), Yakira is one of the largest shareholders of Territorial, and has urged the Board of Directors to at least |