American Savings Bank, N.A. (ASB) priced an upsized initial public offering of 8,057,240 shares at $16.00 per share. The transaction involves sales by existing stockholders, meaning the Hawaii-based lender will receive no proceeds from the deal.

The shares are scheduled to begin trading on the New York Stock Exchange on September 16, 2026, under the ticker symbol ASBH. The offering is expected to close on September 17, 2026, subject to customary closing conditions.

Offering Structure

The sale consists entirely of shares held by selling stockholders. Underwriters have been granted a 30-day option to purchase up to an additional 1,208,586 shares to cover over-allotments. This structure allows existing investors to liquidate positions while the bank establishes a public listing without raising fresh capital.

Underwriting and Regulatory Filing

Piper Sandler & Co. acted as the sole book-running manager for the offering. Keefe, Bruyette & Woods, A Stifel Company, served as lead manager, with D.A. Davidson & Co. and Stephens Inc. acting as co-managers.

The Registration Statement on Form S-1 was filed with the Office of the Comptroller of the Currency (OCC) and declared effective on September 15, 2026. The offering complies with the registration requirements of the Securities Act of 1933, as amended, and incorporated within the OCC’s regulations at 12 C.F.R. Part 16.

About American Savings Bank

Founded in 1925, ASB operates a network of 35 branches and over 120 ATMs across Hawaii. The bank focuses on consumer and business banking services, emphasizing financial wellness and homeownership. It has been recognized as a Best Place to Work in Hawaii for 16 consecutive years.

American Savings Bank, N.A. filed a registration statement on Form S-1 with the Office of the Comptroller of the Currency regarding a proposed initial public offering. The Hawaii-based community bank intends to list its common stock on the New York Stock Exchange under the symbol ASBH.

The filing marks the formal start of the regulatory process for the offering, though the number of shares to be offered and the price range have not yet been determined. The offering remains subject to market conditions, and there is no assurance as to whether or when it may be completed.

Regulatory Status and Access

The registration statement has been filed but has not yet become effective. Securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. The proposed offering will be made only by means of a prospectus, which forms part of the registration statement.

Copies of the registration statement and preliminary prospectus are available for free at the OCC’s reading room. Alternatively, documents may be inspected without charge at the OCC’s public reference facilities in Washington, D.C.

About American Savings Bank

American Savings Bank operates as a full-service community bank in Hawaii, serving consumers, businesses, and communities since 1925. The institution maintains a network of 35 branches and over 120 ATMs across the state.

The bank emphasizes financial wellness products designed to support homeownership and business growth. It also highlights its digital infrastructure, citing one of the state’s highest-rated mobile banking apps.