---
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"
generated_at: "2026-06-03T02:39:49.279010+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Territorial Bancorp to be acquired by Hope Bancorp in all-stock merger, exchange ratio 0.8048

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-055737
- form_type: 8-K
- cik: 0001447051
- company_name: Territorial Bancorp Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-055737
- JSON: https://secwatch.observer/filing/0001104659-24-055737.json
- Plain text: https://secwatch.observer/filing/0001104659-24-055737.txt

## Key facts
- Material Agreements
  Territorial Bancorp Inc. entered into Agreement and Plan of Merger with Hope Bancorp, Inc. (effective 2024-04-26).
  - Action: entry
  - Agreement: merger
  - Counterparty: Hope Bancorp, Inc.
  - Effective: 2024-04-26
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1447051/000110465924055737/0001104659-24-055737-index.htm
- Material Agreements
  Territorial Bancorp Inc. entered into Voting Agreement with directors and certain executive officers of Territorial Bancorp (effective 2024-04-26).
  - Action: entry
  - Agreement: merger
  - Counterparty: directors and certain executive officers of Territorial Bancorp
  - Effective: 2024-04-26
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1447051/000110465924055737/0001104659-24-055737-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.