First Hawaiian Announces $2 Billion Deal to Acquire TriCo Bancshares
Honolulu-based First Hawaiian has agreed to acquire California's TriCo Bancshares in an all-stock deal valued at $2 billion, marking its return to the U.S. mainland with a physical presence since splitting from Bank of the West over a decade ago. The combined entity will have approximately $34 billion in assets and 113 branches across Hawaii and California.
Topics: banks expansion mergers and acquisitions