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State: 17.08.2024 | 11PM
Wed, 09.10.2024       Hope Bancorp
US43940T1097

Reaffirm Commitment to Superior $12.50 Per Share Cash Offer for Territorial

Correct the Record on Board's Misleading Claims About the Hope Merger and Investor Proposal

Call on Shareholders to Remain Opposed to Merger with Hope as Board Refuses to Engage Toward Better Offer

Provide Updated Shareholder Presentation

HONOLULU, Oct. 9, 2024 /PRNewswire/ -- Blue Hill Advisors and former Hawaii banking executive Allan Landon today reiterated their previously announced superior $12.50 per share cash offer for Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) and corrected the record on Territorial's numerous assertions regarding the proposed merger with Hope Bancorp, Inc. ("Hope") (NASDAQ: HOPE) and the investor proposal. They also provided an updated presentation urging Territorial shareholders to remain unreservedly opposed to the "merger" between Territorial and Hope, a transaction which carries the second lowest valuation of an announced bank merger since 1983 and came after Territorial shareholders bore a nearly 70% decrease in value over five years.

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