TERRITORIAL BANCORP INC. (NASDAQ:TBNK) Files An 8-K Other Events
Item 8.01 Other Events
On June 6, 2019, Territorial Bancorp Inc. announced its ninth stock repurchase program. Under this share repurchase program, the Company is authorized to repurchase up to $5,000,000 of its outstanding shares. This represents an estimated 1.92% of the total outstanding shares of TBNK as of June 6, 2019. A copy of the press release announcing the declaration is attached as Exhibit 99 to this report.
The press release attached as an exhibit to this Current Report to this Item 8.01 is being furnished to, and not filed with, the Securities and Exchange Commission.
Item 9.01 Financial Statements and Exhibits
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
99 Press release dated June 6, 2019
Territorial Bancorp Inc. Exhibit
EX-99 2 a19-11080_1ex99.htm EX-99 Exhibit 99 PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Walter Ida (808) 946-1400 Territorial Bancorp Inc. Adopts Repurchase Program Honolulu,…
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About TERRITORIAL BANCORP INC. (NASDAQ:TBNK)
Territorial Bancorp Inc. is a bank holding company. The Company owns Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its approximately 30 banking offices located throughout the State of Hawaii. Its business consists of accepting deposits from the general public and investing those deposits together with funds generated from operations and borrowings in one- to four-family residential mortgage loans and investment securities. It offers a range of deposit accounts, including passbook and statement savings accounts, certificates of deposit (CDs), money market accounts, commercial and regular checking accounts, and Super NOW accounts. It also offers various non-deposit investments to its customers. Its primary lending activity is the origination of one- to four-family residential mortgage loans. Its primary source of funds for its investment and lending activities includes deposits.
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