M&A · Financials · Savings Institution, Federally Chartered
Hope Bancorp Inc to acquire Territorial Bancorp Inc.
Announced Apr 29, 2024 · Closed Apr 2, 2025
Deal value$79M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock$8.82 per share
Transaction
- Acquirer
- Hope Bancorp Inc (HOPE)
- Target
- Territorial Bancorp Inc. (TBNK)
- Buyer type
- Strategic
- Offer price per share
- $8.82
- Enterprise value
- —
- Status
- Closed Apr 2, 2025
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- D.A. Davidson
- To the target
- Stifel
Sector context · Financials
- Comparable deals
- 55 in the prior 24 months
- Premium
- Sector median 34.0%
- EV / Adj. EBITDA
- Sector median 15.6x
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedApr 29, 2024
- ClosedApr 2, 2025