Hawaiian Electric sells 90.1% stake in American Savings Bank for $405 million, allowing it to focus on core utility business ...

The $450 million deal follows the Hawaiian utility company’s agreement last year to put close to $2 billion toward a joint ...

The American Savings Bank headquarters in Honolulu is seen in this 2019 file photo. Hawaiian Electric Industries sold the ...

The Honolulu-based utility sold a 90.1% stake in American Savings Bank. The deal valued the lender at $450 million.

Hawaiian Electric Industries announced the sale of American Savings Bank to independent investors, allowing HEI to reduce ...

Hawaiian Electric Industries Inc. has sold over 90% of its subsidiary American Savings Bank to independent investors in a ...

Hawaiian Electric Industries, Inc., today announced the sale of a 90% stake in its American Savings Bank subsidiary to ...

Curtis said collecting over $400 million from the sale and shedding responsibility for American Savings will enable Hawaiian ...

Hawaiian Electric Industries has sold more than 90% of its equity in American Savings Bank, which will now operate as an independent bank, for $405 million in cash. The utility company said Tuesday ...

Hawaiian Electric Industries (HEI) said on Tuesday it had closed the deal to sell a 90.1% stake in its unit American Savings ...

Industries announced the closing of the sale of 90.1% of the common stock of American Savings Bank, F.S.B, previously ...