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Territorial in Hawaii postpones merger vote as competing offer lurks

American Banker

A group that includes a former Bank of Hawaii CEO is trying to scuttle the $78 million deal with Los Angeles-based Hope Bancorp. Honolulu-based Territorial Bancorp is delaying the approval vote by about four weeks in order to continue discussions with its shareholders.

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To Aid Volcano Victims, Hawaii First Thinks Small

PYMNTS

A volcanic eruption on the archipelago’s Big Island in early May sent lava flowing down from Mount Kilauea into nearby communities, causing severe damage to homes and properties and forcing nearly 2,000 residents to evacuate the area. Hawaii First is approaching the housing crunch by thinking small. A Big Push for Small Housing Units.

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How credit unions and banks are responding to wildfires in Hawaii

American Banker

In the wake of destruction across Maui, financial institutions based inside and outside of Hawaii are establishing support programs, raising relief funds and facilitating donations of food and clothing.

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Regulators pledge support for institutions in Hawaii's wildfire zone

American Banker

Banking and credit union regulators encouraged compassionate treatment of customers in Hawaii communities hit by wildfires. They also vowed to grant expedited approvals of temporary banking facilities, be flexible in compliance matters and provide other support to financial institutions.

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Hope Bancorp tight-lipped on its acquisition of Territorial in Hawaii

American Banker

The 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.

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Brad M. Bolton: Our greatest assets

Independent Banker

We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. Demonstrating the community bank difference. That’s the community bank difference, and we should be proud to reiterate it throughout the year. My Top Three.

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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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