MergerJul 15, 2026, 04:22 PM
TriCo Bancshares to Merge with First Hawaiian, Inc.
AI Summary
TriCo Bancshares entered into an Agreement and Plan of Reorganization and Merger with First Hawaiian, Inc. on July 12, 2026. Under the terms, TriCo will merge into a subsidiary of FHI, followed by a second step merger into FHI. TriCo shareholders will receive 2.095 shares of FHI Common Stock for each TriCo share. Additionally, Tri Counties Bank, a subsidiary of TriCo, will merge into First Hawaiian Bank, and four TriCo directors will join FHI's board.
Key Highlights
- Merger Agreement signed on July 12, 2026, between TriCo Bancshares and First Hawaiian, Inc.
- TriCo shareholders will receive 2.095 shares of FHI Common Stock for each TriCo share.
- TriCo's board of directors unanimously approved the Merger Agreement.
- Tri Counties Bank will merge into First Hawaiian Bank following the main merger.
- Four TriCo directors will be added to FHI’s board of directors post-merger.
- TriCo equity awards will be converted into FHI common stock or assumed as FHI restricted stock units.
Price Impact
More from TCBK