TriCo Bancshares entered into an Agreement and Plan of Reorganization and Merger with First Hawaiian. TriCo shareholders will receive 2.095 shares of First Hawaiian common stock for each TriCo share, with cash paid in lieu of fractional shares. The boards of both companies approved the deal, which is subject to shareholder and regulatory approvals and other customary conditions. The agreement includes an $80 million termination fee payable by either party under certain circumstances and contemplates a subsequent bank merger of Tri Counties Bank into First Hawaiian Bank.
Agreement details:
- Agreement type: Agreement and Plan of Reorganization and Merger
- Counterparty: First Hawaiian
- Signed / Effective: Jul 12 2026 / N/A
- Reason: Combine operations and expand banking footprint
Original SEC Filing:
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