TriCo Bancshares agrees to merge with First Hawaiian in all-stock deal at 2.095-share exchange ratio
TCBK•TriCo to merge with First Hawaiian in two-step all-stock deal
TriCo Bancshares agreed on July 12, 2026, to be acquired by First Hawaiian through a two-step merger structure.
TriCo shareholders will receive 2.095 shares of First Hawaiian common stock per TriCo share, with cash paid for fractional shares.
Tri Counties Bank is slated to merge into First Hawaiian Bank following the parent-level mergers.
TriCo equity awards will be converted into First Hawaiian stock awards, with certain older performance-based RSUs vesting based on prorated actual results.
