On July 12, 2026, First Hawaiian, Inc. (FHI) entered into a Merger Agreement to acquire TriCo Bancshares. Under the terms, TriCo shareholders will receive 2.095 shares of FHI common stock for each share of TriCo common stock. The transaction involves a multi-step merger where TriCo will merge into FHI, and Tri Counties Bank will merge into First Hawaiian Bank. The agreement includes a $80 million termination fee payable by either party under certain conditions. Closing is subject to regulatory approvals and stockholder approval from both companies. Four TriCo directors will join FHI's board upon completion. First Hawaiian, Inc. operates in the banking industry and provides financial services.
