Financial Services Acquisitions in Hawaii

Hope Bancorp, Inc. (the holding company of Bank of Hope) completed its merger with Territorial Bancorp, Inc., effective April 2, 2025. Territorial Savings will operate as a division of Bank of Hope and Territorial shareholders received 0.8048 shares of Hope Bancorp common stock for each Territorial share, creating the largest regional bank serving multi-cultural customers across the continental United States and Hawaii.

CBB Bancorp, Inc., the holding company of Commonwealth Business Bank, has completed its acquisition of Ohana Pacific Bank, adding two branch locations in Honolulu, Hawaii. The deal expands CBB's geographic footprint into Hawaii and is expected to provide new sources of core deposit and loan growth while Ohana continues to operate as a division under its existing leadership.