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Bank of Hawaii Corp (BOH) delivers essential financial services across Hawaii and the Pacific Islands, combining regional expertise with diversified banking solutions. This page provides investors and stakeholders with centralized access to official company announcements and news developments.
Track critical updates including earnings reports, regulatory filings, leadership changes, and strategic initiatives. Our curated collection ensures transparency for those monitoring BOH's commercial banking activities, consumer services, and community-focused programs.
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Bank of Hawai‘i (NYSE: BOH) announced the pricing of a public offering of 6,600,000 depositary shares, each representing 1/40th ownership in an 8.000% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This offering aims to generate gross proceeds of $165 million, with each preferred stock share having a $1,000 liquidation preference, translating to $25 per depositary share. The offering is set to close on June 21, 2024, provided customary closing conditions are met.
The net proceeds, estimated at $162 million after deducting underwriting discounts and commissions, will be used for general corporate purposes, including supporting asset growth. Joint-book running managers for the offering include BofA Securities, J.P. Morgan Securities, Keefe, Bruyette & Woods, and Wells Fargo Securities. The company will apply to list the depositary shares on the NYSE under the symbol 'BOHPrB'.
This announcement does not constitute an offer to sell or a solicitation to buy the securities, which have not been approved or disapproved by any regulatory authority.
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