First Hawaiian and TriCo Bancshares Secure Shareholder Votes for Acquisition

First Hawaiian, Inc. And TriCo Bancshares said on October 29, 2026 that they received all required approvals from their respective stockholders and shareholders for First Hawaiian's acquisition of TriCo. The companies announced the votes jointly, GlobeNewswire reported. The transaction is expected to close later in 2026, subject to customary closing conditions.

First Hawaiian's Acquisition of TriCo Bancshares

First Hawaiian Bank is the principal subsidiary of Honolulu-based First Hawaiian, Inc., a bank holding company whose bank was founded in 1858 and operates branches in Hawaii, Guam and Saipan. TriCo Bancshares, established in 1975 and headquartered in Chico, California, is the parent of Tri Counties Bank, which serves communities throughout California through stand-alone and in-store branches and loan production offices.

Final voting results from each special meeting will be reported in separate Current Reports on Form 8-K to be filed by First Hawaiian and TriCo with the U.S. Securities and Exchange Commission. Completion remains subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement.

"We're pleased with the strong support stockholders of both companies have shown for this acquisition," said Bob Harrison, Chairman, President and CEO of First Hawaiian. Rick Smith, President and CEO of TriCo, said: "Today's vote marks an exciting milestone toward creating a leading regional bank headquartered in the West." Smith said TriCo is focused on planning and coordinating the integration of its people, systems and operations as it prepares to join First Hawaiian Bank.

TriCo's Earnings Run-Up to the Vote

TriCo was set to announce Q3 2026 earnings on October 22, with analysts expecting earnings per share of $1.09 and revenue of $114.63 million, MarketBeat reported. The company had previously beaten estimates with earnings per share of $1.06 and revenue of $111.88 million. On October 27, DA Davidson reaffirmed a neutral rating on TriCo with a $55 price target, MarketBeat reported.

Other Deals Closing This Week

Officina Stellare completed its acquisition of Mavel after obtaining regulatory authorizations, The future of trading reported. Banco Santander, which closed its Webster Bank acquisition in August, expects $800 million in savings from technology integration and vendor consolidation, American City Business Journals reported. HSG completed its acquisition of a controlling stake in PeierTech, holding approximately 80% of the company, PR Newswire reported.