American Savings Bank prices IPO at $16 per share
American Savings Bank, N.A., a Hawaii-based bank, has priced its initial public offering (IPO) on the New York Stock Exchange (NYSE) at $16.00 per share. The bank will not receive any proceeds from the offering, as the shares are being sold by existing stockholders. The offering consists of 8,057,240 shares, with the option for underwriters to purchase up to an additional 1,208,586 shares.
The shares are expected to begin trading on the NYSE on September 16, 2026, under the ticker symbol NYSE: ASBH. Piper Sandler & Co. is the sole book-running manager for the offering, while Keefe, Bruyette & Woods, a Stifel Company, serves as the lead manager, and D.A. Davidson & Co. and Stephens Inc. are co-managers. The Registration Statement on Form S-1 was filed with the Office of the Comptroller of the Currency and declared effective on September 15, 2026.
American Savings Bank operates 35 branches and over 120 ATMs across Hawaii and has been serving the state since 1925.
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