HEI Announces Sale of American Savings Bank, Creating …
HONOLULU, December 31, 2024 -- (BUSINESS WIRE)--Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) today announced the closing of the sale of 90.1% of the common stock of American Savings...
Hawaiian Electric Industries, Inc. - HEI Announces Sale of American ...
Dec 31, 2024 · HONOLULU-- (BUSINESS WIRE)-- Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) today announced the closing of the sale of 90.1% of the common stock of American Savings Bank, F.S.B (ASB), previously its wholly owned subsidiary, to independent investors (the “Investors”) via separate agreements.
HEI sells American Savings Bank to help pay for Lahaina
Dec 31, 2024 · Hawaiian Electric Industries announced the sale of American Savings Bank to independent investors, allowing HEI to reduce their debt and increase funding for wildfire settlement contributions.
Hawaiian Electric announces closing of sale of American Savings Bank
Dec 31, 2024 · Hawaiian Electric (HE) Industries announced the closing of the sale of 90.1% of the common stock of American Savings Bank, F.S.B, previously its wholly owned subsidiary, to independent investors ...
Hawaiian Electric Industries sells bank in wake of ... - American …
Jan 2, 2025 · The company, which authorities cited for the Lahaina fires that devastated Maui and killed more than 100 people in 2023, said it sold a 90.1% stake in the $9.3 billion-asset American Savings Bank to a group of investors. The investors collectively paid $405 million in cash. HEI said in a press release that the deal valued American Savings at $450 million.
Hawaiian Electric sells majority stake in American Savings Bank
Jan 2, 2025 · Power company Hawaiian Electric Industries said Tuesday it has sold a 90.1% stake in its bank subsidiary American Savings Bank to independent investors via separate agreements, in a transaction valued at $450 million. Investors paid $405 million in cash for the bank’s common stock, and the transaction closed Tuesday, HEI said in a news ...
HEI Announces Sale of American Savings Bank, Creating …
Dec 31, 2024 · Hawaiian Electric Industries, Inc. (HEI) (NYSE - HE) today announced the closing of the sale of 90.1% of the common stock of American Savings Bank, F.S.B (ASB), previously its wholly owned...
Hawaiian Electric Industries sells majority of American Savings Bank …
Dec 31, 2024 · Hawaiian Electric Industries has sold the majority of shares of its American Savings Bank subsidiary to a mix of independent investors in a $405 million deal for 90.1% of the bank's...
Hawaiian Electric sells 90% interest in American Savings Bank
Dec 31, 2024 · Hawaiian Electric Industries (HEI) said on Tuesday it had closed the deal to sell a 90.1% stake in its unit American Savings Bank (ASB), helping the company raise funds for the deadly 2023 Maui...
HEI sells 90.1% of American Savings Bank - Spectrum News
Jan 1, 2025 · Under pressure to secure its financial standing in the wake of the Maui wildfires, Hawaiian Electric Industries has completed a sale of 90.1% of its shares in American Savings Bank to independent investors. HEI, which is responsible for roughly half of a $4 billion settlement with wildfire survivors ...