{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-055737","form_type":"8-K","ticker":null,"cik":"0001447051","company_name":"Territorial Bancorp Inc.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.459723+00:00","generated_at":"2026-06-03T02:39:49.279010+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Territorial Bancorp to be acquired by Hope Bancorp in all-stock merger, exchange ratio 0.8048","bullets":["Each Territorial Bancorp share to be exchanged for 0.8048 shares of Hope Bancorp common stock; deal expected to close in Q4 2024.","Boards of both companies unanimously approved; Territorial board recommends stockholders adopt the agreement.","Directors and certain officers entered into voting agreements to vote their shares in favor.","Termination fee of $3.0 million payable by Territorial if deal terminates under certain circumstances.","Transaction subject to regulatory approvals, stockholder vote, and other customary conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-055737","json":"https://secwatch.observer/filing/0001104659-24-055737.json","markdown":"https://secwatch.observer/filing/0001104659-24-055737.md","text":"https://secwatch.observer/filing/0001104659-24-055737.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1447051/000110465924055737/0001104659-24-055737-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1447051/000110465924055737/tm2412965d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:39:49.279010+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0853720a72f3c9a67fdd6845bfb0bb54d36e1c9d","claim":"Territorial Bancorp Inc. entered into Agreement and Plan of Merger with Hope Bancorp, Inc. (effective 2024-04-26).","evidence_excerpt":"On April 26, 2024, Hope Bancorp, Inc., a Delaware corporation (“Hope Bancorp”), and Territorial Bancorp Inc., a Maryland corporation (“Territorial Bancorp”), entered into an Agreement and Plan of Merger (the “Merger Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1447051/000110465924055737/0001104659-24-055737-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Hope Bancorp, Inc."},{"label":"Effective","value":"2024-04-26"}],"fact_type":"material_agreement"},{"claim_id":"36495963b60142b8df6d33591e7277656797a7c2","claim":"Territorial Bancorp Inc. entered into Voting Agreement with directors and certain executive officers of Territorial Bancorp (effective 2024-04-26).","evidence_excerpt":"On April 26, 2024, in connection with the execution of the Merger Agreement, Hope Bancorp entered into a voting agreement (the “Voting Agreement”) with the directors and certain executive officers of Territorial Bancorp.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1447051/000110465924055737/0001104659-24-055737-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"directors and certain executive officers of Territorial Bancorp"},{"label":"Effective","value":"2024-04-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}