MergerJul 15, 2026, 04:27 PM

First Hawaiian to Merge with TriCo Bancshares

AI Summary

First Hawaiian, Inc. announced it has entered into a definitive Agreement and Plan of Reorganization and Merger with TriCo Bancshares. Under the terms, TriCo will merge into First Hawaiian, with TriCo shareholders receiving 2.095 shares of First Hawaiian common stock for each TriCo share. The agreement also includes the merger of Tri Counties Bank into First Hawaiian Bank and the addition of four TriCo directors to First Hawaiian's board.

Key Highlights

First Hawaiian, Inc. (FHI) entered into a Merger Agreement with TriCo Bancshares (TriCo) on July 12, 2026.
TriCo will merge into FHI, with FHI as the surviving entity.
Each share of TriCo Common Stock will convert into 2.095 shares of FHI Common Stock.
TriCo equity awards will be converted into FHI Common Stock or FHI restricted stock units.
Four TriCo directors will be added to FHI's board of directors at the Effective Time.
Tri Counties Bank, a TriCo subsidiary, will merge into First Hawaiian Bank, an FHI subsidiary.

View SEC Filing

FHB

Major Banks

FIRST HAWAIIAN, INC.

Price Impact