BUSINESS

First Hawaiian Announces All‑Stock Acquisition of TriCo Bancshares

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HONOLULU — First Hawaiian, Inc. announced on July 13, 2026 that it will acquire TriCo Bancshares in an all‑stock transaction, combining First Hawaiian Bank and Tri Counties Bank. Under the agreement, TriCo shareholders will receive 2.095 First Hawaiian shares per TriCo share, based on First Hawaiian’s July 10 closing price, reported. The deal values TriCo at approximately $63.12 per share, a reported 18% premium to recent trading, and creates a combined institution with about $34 billion in assets nationwide. Boards of both companies unanimously approved the transaction; parties expect to close by end of 2026 subject to regulatory and shareholder approvals.

Prepared by Christopher Adams and reviewed by editorial team.

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Timeline of Events

July 10, 2026: First Hawaiian closing price used to calculate deal valuation ($63.12 per TriCo share).
July 13, 2026: First Hawaiian and TriCo announce definitive all-stock merger agreement.
July 13, 2026: Boards unanimously approve; companies disclose exchange ratio, ownership split, and board appointments.
Following announcement: First Hawaiian stock falls ~4.8%; TriCo stock rises ~7%.
By end of 2026: Parties expect to close transaction pending regulatory and shareholder approvals.

Why This Matters to You

This merger could impact your banking experience if you're a customer of First Hawaiian or Tri Counties Bank. You might see changes in services, fees, or branch locations. Keep an eye on communications from your bank for updates.

The Bottom Line

First Hawaiian's acquisition of TriCo Bancshares is a significant move in the banking industry, creating a combined institution with $34 billion in assets. It's a reminder of the ever-changing financial landscape. Worth forwarding if you know someone with ties to these banks.