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HEI Announces Sale of American Savings Bank to Independent Investors
Dec 31, 2024•over 1 year ago
Contract Type
partnership
HawaiiManufacturingEnergy
Description
Hawaiian Electric Industries, Inc. (HEI) has announced the sale of 90.1% of the common stock of American Savings Bank, F.S.B (ASB) to independent investors. The transaction values the bank at $450 million, creating an independent, local bank led by ASB’s current management team under its existing brand.
Company Information
Company
Pacific Current
Location
Hawaii, United States
About
Pacific Current, LLC is a subsidiary of Hawaiian Electric Industries, Inc., focusing on advancing Hawaii's sustainability goals through non-regulated energy services. It plays a key role in the economic activities of Hawaii and supports the transition to renewable energy. Pacific Current operates various energy facilities across the islands.
Predictive Intelligence
Strategic
ML-powered predictions for Pacific Current's next move
HawaiiManufacturingEnergy