Territorial Bancorp Reaffirms Its Board's Commitment to Proposed Merger with Hope Bancorp

HONOLULU, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. ("Territorial") today reaffirmed the commitment of its Board of Directors to the proposed merger with Hope Bancorp, Inc. ("Hope") that was announced on April 29, 2024. The announcement was made in response to an unsolicited proposal from Blue Hill Advisors LLC ("Blue Hill") to acquire Territorial. "The unsolicited letter from Blue Hill claims to provide a nominally higher purchase price, but there are significant factors making the propos ...