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

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

Hawaiian Electric has agreed in principle to settle all liabilities from the Maui August 2023 wildfires for $1.99 billion, which includes $75 million the company agreed earlier this year to pay as ...

Formerly American Savings Bank’s wholly-owned subsidiary, Hawaiian Electric Industries, Inc. will retain a 9.9% non-controlling interest after its sale to independent investors to continue to ...

Hawaiian Electric Industries has sold its control of American Savings Bank in a $400 million deal. The transaction is a ...

In a regulatory filing, Hawaiian Electric Industries furnished a presentation that the company intends to use with investors, analysts and others beginning on or after January 2.

Jefferies lowered the firm’s price target on Hawaiian Electric (HE) to $10.50 from $11.50 and keeps a Hold rating on the shares after the ...

"It's a huge milestone. There are not very many organizations in Hawaii that can claim 100 years of serving and really being ...

Hawaiian Electric Industries announced the sale of American Savings Bank to independent investors, allowing HEI to reduce their debt and increase funding for wildfire settlement contributions.

Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and owns a 10% minority interest in Hawaii's American Savings Bank. The utilities provide electricit ...