HONOLULU (HawaiiNewsNow) - Hawaiian Electric Industries has sold its control of American Savings Bank in a $400 million deal. The transaction is a direct result of wildfires that will cost the ...

Hawaiian Electric Industries sold to investors a 90.1% stake in American Savings Bank. The proceeds will help the utility pay a nearly $2 billion settlement tied to the Maui wildfires in 2023.

Hawaiian Electric Industries (NYSE:HE) -0.6% in Tuesday's trading after saying it agreed to sell a 90.1% stake in its American Savings Bank subsidiary to a group of nearly a dozen investors for $ ...

With close to a decade of writing and editing experience, Maisha specializes in service journalism and has produced work in the lifestyle, financial services, real estate, and culture spaces.

Hawaiian Electric Industries has sold more than 90% of its equity in American Savings Bank, which will now operate as an independent bank, for $405 million in cash. The utility company said ...

Sale simplifies HEI’s strategy and regulatory position, allowing HEI to focus on core utility business and regaining financial strength Enables American Savings Bank to continue strong ...

(Reuters) — Hawaiian Electric Industries (HEI) said on Tuesday it had closed the deal to sell a 90.1% stake in its unit American Savings Bank (ASB), helping the company raise funds for the ...

Power company Hawaiian Electric Industries said Tuesday it has sold a 90.1% stake in its bank subsidiary American Savings Bank to independent investors via separate agreements, in a transaction ...

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A new theatrical release called THE BRUTALIST has received 10 Academy Award nominations and already boasts three Golden Globe Awards. But I found it to be an intense, uneven epic drama about a ...

Hawaiian Electric (HE) Industries announced the closing of the sale of 90.1% of the common stock of American Savings Bank, F.S.B, previously its wholly owned subsidiary, to independent investors ...