Territorial Bancorp Urges Shareholders To Vote FOR Hope Bancorp Merger; Says "Compelling Combination With Hope Bancorp Creates Substantial Value For All Territorial Shareholders And Significant Benefits For Hawai'i And Territorial Customers, Employees And Communities"

Compelling Combination with Hope Bancorp Creates Substantial Value for All Territorial Shareholders and Significant Benefits for Hawai‘i and Territorial Customers, Employees and Communities ​

Preliminary Indication of Interest by Outside Investor Group, Blue Hill, is Illusory, Non-Binding and Highly Conditional — ​Exposing Territorial Shareholders to Significant Uncertainty and Downside Risk

Launches http://www.territorialandhopecombination.com/

HONOLULU, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") today announced it is mailing a letter to Territorial shareholders in connection with the Company's upcoming Special Meeting of Stockholders (the "Special Meeting") to vote on the proposed merger with Hope Bancorp, Inc. (NASDAQ:HOPE) ("Hope Bancorp") and related proposals. The Special Meeting is scheduled for November 6, 2024 at 8:30 a.m., Hawai‘i Time. Territorial shareholders of record as of August 14, 2024 are entitled to vote at or before the meeting. Other important information related to the Special Meeting can be found at www.TerritorialandHopeCombination.com.