HONOLULU, April 30, 2024--American Savings Bank Reports First Quarter 2024 Financial Results
Hawaiian Electric is working with advisers to consider various options for the bank, including a full or partial sale, the report said, which added that no final decision has been made. Hawaiian Electric in an emailed statement to Reuters said it does not comment on "rumors or speculation", while American Savings Bank did not immediately reply to a request for comment. Shares of Hawaiian Electric were down 4.5% at $10.40 in afternoon trade.
Hawaiian Electric Industries is weighing the sale of its American Savings Bank FSB, Bloomberg News reported on Thursday, citing people familiar with the matter. Hawaiian Electric is working with advisers to consider various options for the bank, including a full or partial sale, the report said, which added that no final decision has been made. Hawaiian Electric in an emailed statement to Reuters said it does not comment on "rumors or speculation", while American Savings Bank did not immediately reply to a request for comment.