Territorial Bancorp Inc. Announces Results of Annual Meeting

Rhea-AI Summary

Territorial Bancorp Inc. (NASDAQ: TBNK) held its 2021 Annual Meeting of Stockholders on May 13, 2021. During the meeting, stockholders elected Allan S. Kitagawa and John M. Ohama to serve three-year terms on the Board of Directors. The appointment of Moss Adams LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021, was ratified. Additionally, stockholders approved the advisory compensation for the Company’s named executive officers. Territorial Savings Bank, which operates 29 branches in Hawaii, has been serving since 1921.

Positive

• Successful election of board members Kitagawa and Ohama for three-year terms.
• Ratification of Moss Adams LLP as the accounting firm signifies shareholder trust.
• Approval of executive compensation reflects alignment with shareholder interests.

Negative

• None.

HONOLULU, May 13, 2021 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc., (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces the results of its 2021 Annual Meeting of Stockholders held on May 13, 2021.

Two members of the Board of Directors, Allan S. Kitagawa and John M. Ohama, were each elected to serve for a three-year term. Stockholders also ratified the appointment of Moss Adams LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2021 and approved the Company’s compensation of named executive officers on an advisory basis.

Territorial Savings Bank is a state chartered savings bank that was originally chartered in 1921 by the Territory of Hawaii. Territorial Savings Bank conducts business from its headquarters in Honolulu, Hawaii and has 29 branch offices in the State of Hawaii.

Contact:

Walter Ida (808) 946-1400

FAQ

What were the results of the TBNK 2021 Annual Meeting of Stockholders?

At the TBNK Annual Meeting, stockholders elected two board members and ratified the appointment of an accounting firm.

Who was elected to the board at the TBNK annual meeting?

Allan S. Kitagawa and John M. Ohama were elected for three-year terms.

Which accounting firm was ratified for TBNK for 2021?

Moss Adams LLP was ratified as the accounting firm for TBNK.

When was the TBNK Annual Meeting held?

The TBNK Annual Meeting was held on May 13, 2021.