HONOLULU–(BUSINESS WIRE)–American Savings Bank, N.A. (“ASB”) announced today that it has publicly filed a registration statement on Form S-1 (the “Registration Statement”) with the Office of the Comptroller of the Currency (the “OCC”) relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. ASB has applied to list its common stock on the New York Stock Exchange under the symbol “ASBH.” The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The proposed offering will be made only by means of a prospectus, which forms a part of the Registration Statement. Copies of the Registration Statement and the preliminary prospectus included therein relating to the proposed offering, when available, may be obtained for free by visiting the OCC’s reading room at https://occ.secureocp.com/App/ReadingRoom.aspx. Alternatively, copies of the Registration Statement and the accompanying exhibits and schedules may be inspected without charge at the public reference facilities maintained by the OCC at 400 7th Street, SW, Washington, D.C., 20219.
The Registration Statement relating to the proposed offering has been filed with the OCC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended and incorporated within the OCC’s regulations at 12 C.F.R. Part 16.
About American Savings Bank
American Savings Bank is a Hawaii-based, full-service community bank serving Hawaii’s consumers, businesses and communities since 1925. ASB has been making dreams possible for Hawaii’s residents by offering products and services that encourage financial wellness, empower families to become homeowners, and help businesses thrive. ASB operates a network of 35 branches and over 120 ATMs in the State of Hawaii. With one of the state’s highest rated mobile apps for banking, ASB is available anytime, anywhere, making banking easier for our customers. ASB pairs its customer experience with an award-winning employee experience that has received local and national recognition, including being named a Best Place to Work in Hawaii for 16 years.
Contacts
Investor Contact
Jordan Hino
[email protected]