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Controversial bid for Territorial in Hawaii wins shareholder backing

American Banker

The Honolulu-based seller had faced pushback from an investor group that stepped in with a competing offer. But it ultimately secured enough votes to approve the sale to Hope Bancorp.

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Restructuring means near-term pain, long-term gain for First Hawaiian

American Banker

The Honolulu-based bank is taking a $19.7 It joined a parade of banks that have made similar moves. million pretax loss to rid its balance sheet of low-yielding investments.