118,372,663 Common Stock of First Hawaiian, Inc. are subject to a Lock-Up Agreement Ending on 31-JAN-2017.
January 30, 2017
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118,372,663 Common Stock of First Hawaiian, Inc. are subject to a Lock-Up Agreement Ending on 31-JAN-2017. These Common Stock will be under lockup for 181 days starting from 3-AUG-2016 to 31-JAN-2017.
Details:
The BNPP, the selling stockholder and each of the directors and executive officers have agreed, not to sell any shares of common stock or any securities convertible into or exchangeable or exercisable for common stock for a period of 180 days after the date of this prospectus, without the prior written consent of Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated and BNP Paribas Securities Corp. on behalf of the underwriters.
First Hawaiian, Inc. is a bank holding company. The Company's principal subsidiary is First Hawaiian Bank. The Company offers a comprehensive suite of banking services to consumer and commercial customers. Its segments include Retail Banking, Commercial Banking, and Treasury and Other. The Retail Banking segment includes the financial products and services it provides to consumers and small businesses. Its loan and lease products offered include residential and commercial mortgage loans, automobile loans and leases, and small business loans and leases. Its deposit products offered include checking, savings and time deposit accounts. The Retail Banking segment also includes its wealth management services. The Commercial Banking segment includes its corporate banking related products, residential and commercial real estate loans, commercial lease financing, secured and unsecured lines of credit, automobile loans and auto dealer financing, business deposit products and credit cards.