Mergers & Acquisitions ·
TriCo Bancshares entered into a merger agreement with First Hawaiian, Inc. to be acquired in a two-step merger process…
TCBKTrico Bancshares /
TriCo Bancshares entered into a merger agreement with First Hawaiian, Inc. to be acquired in a two-step merger process where TriCo will survive as a subsidiary of FHI. TriCo common stock will be converted into 2.095 shares of FHI common stock per share at an exchange ratio of 0.095. The transaction includes an $80,000,000 termination fee and a $2,500,000 transaction bonus for CEO Richard P. Smith. TriCo Bancshares is a financial services company providing banking services.