First Hawaiian Bank could go public as owner weighs strategic options

Local News

First Hawaiian Bank could soon go public.

That’s one of the options under consideration by its owner, BNP Paribas Group.

The company announced Wednesday it is considering “strategic alternatives” for the bank, including a proposed initial public offering of its business and operations.

An IPO could happen in 2016 after the completion of certain corporate restructuring transactions, BNP says.

An announcement was made pursuant to and in accordance with Rule 135 under the Securities Act of 1933.

First Hawaiian Bank has $18.9 billion in total assets, was founded in 1858 and is the state’s oldest and largest bank in terms of total assets and deposits.

The bank operates 57 branches in Hawaii, three on Guam and two on Saipan.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories