HEI sells 90% of American Savings Bank to help pay for Maui fire settlement
Hawaiian Electric Industries Inc. has sold over 90% of its subsidiary American Savings Bank to independent investors in a transaction that will provide HEI with much-needed funds to help pay its share of the $4 billion Maui wildfire lawsuit settlement while also keeping Hawaii’s third-largest bank under local leadership.
Hawaiian Electric Agrees to Sell Bank Unit After Wildfire Settlement
Hawaiian Electric Industries agreed to sell its community bank subsidiary to a group of investors Tuesday. The deal could help the company as it resolves a nearly $2 billion settlement related to the Maui wildfires.
Hawaiian Electric announces closing of sale of American Savings Bank
Industries announced the closing of the sale of 90.1% of the common stock of American Savings Bank, F.S.B, previously
Hawaiian Electric Sells Most of American Savings Bank
Hawaiian Electric Industries has sold more than 90% of its equity in American Savings Bank, which will now operate as an independent bank, for $405 million in cash. The utility company said Tuesday that the transaction has closed and values the bank at $450 million.
HEI sells American Savings Bank to help pay for Lahaina wildfire global settlement
Hawaiian Electric Industries announced the sale of American Savings Bank to independent investors, allowing HEI to reduce their debt and increase funding for wildfire settlement contributions. The sale closed on Dec.
Hawaiian Electric Industries sells 90% American Savings Bank shares for Maui recovery
Hawaiian Electric Industries closed the sale of 90% of the common stock of American Savings Bank to raise money for Maui’s wildfire recovery.
Independent investors acquire non-controlling interests in American Savings Bank
Independent investors have acquired non-controlling interests in American Savings Bank in separate transactions from Hawaiian Electric Industries Inc., the bank announced today. Among other things, HEI said the sale will give it flexibility in making its Maui wildfire settlement contributions.
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$2.1 Billion Secured for Maui Wildfire Recovery and Resilience
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Maui fire survivor encourages those struggling with permitting process to not give up
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Two New Year’s Eve public aerial fireworks displays in Maui County
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Hawaii Supreme Court rejects county council candidate’s election lawsuit
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Maui County to receive more than $2B in federal disaster recovery funding following wildfires
La‘ikū temporary housing project. Sixteen wildfire survivors to be housed on state land. PC: Office of the Governor ...
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Nonprofit Maui Economic Opportunity turns 60
The focus of the program was helping children to get a good start in early life through working with their families, under ...
The rise in mail voting comes with a price, as mismatched signatures lead to ballot rejections
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