On July 31, 2022, David Murakami, a director of Territorial Bancorp Inc. and Territorial Savings Bank, the Company's wholly owned subsidiary, notified the Bank that he was resigning, effective immediately, due to health reasons. The Company and the Bank report that Mr. Murakami passed away of natural causes on August 1, 2022. Mr. Murakami served as a director of the Bank since 2006.