Episode
ASB Goes Public on NYSE | Honolulu News
- Published
- Sep 18, 2026
- Duration seconds
- 93
- Processing state
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- https://sources.thednn.ai/2808ed6dc2ebc36c
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Summary
American Savings Bank, Hawaii’s third-largest bank and a 97-year-old institution, officially went public on the NYSE yesterday — ringing the bell in Wall Street style with CEO Ann Teranishi and crew sporting ASBH hats. After Hawaiian Electric sold off its nearly 90% stake for $405 million earlier this year, new investors sold 12% of ASB to the public at $16/share — which jumped to $17.50 by close. With an option to sell up to 1.2 million more shares soon, ASB joins Bank of Hawaii and First Hawaiian Bank as publicly traded Hawaiian financial giants — while Territorial Savings Bank now operates under a California parent. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Sources: https://www.staradvertiser.com/2026/09/18/hawaii-news/american-savings-bank-stock-begins-trading-on-nyse/ More coverage & latest updates: https://sources.thednn.ai/2808ed6dc2ebc36c Report issues to [email protected].