TriCo Bancshares Agrees to Merge With First Hawaiian in $2 Billion All-Stock Transaction
TriCo Bancshares (NASDAQ:TCBK) has agreed to merge with First Hawaiian Bank (NYSE:FHB) in a $2 billion all-stock deal, creating a combined bank with approximately $34 billion in assets. The merger aims to expand First Hawaiian's presence on the West Coast and is expected to deliver 6% EPS accretion along with cost savings.
Topics: banking corporate_deal financial_services