TriCo Bancshares (TCBK) announced on October 29, 2026, that its stockholders have approved the proposed acquisition by First Hawaiian, Inc. (FHB). The approval was secured during a special meeting held virtually via live webcast.
The merger proposal, which was part of an Agreement and Plan of Merger dated July 12, 2026, was approved by a vote of 24,113,014 shares in favor, with 223,343 shares against and 29,594 abstentions. Additionally, stockholders approved a non-binding advisory proposal regarding merger-related compensation for named executive officers, with 22,950,706 votes in favor.
According to the filing, there were 31,966,630 shares of common stock outstanding as of the record date of September 11, 2026. A quorum was established with 24,365,951 shares present in person or by proxy. Because the merger proposal received sufficient votes, the adjournment proposal was not considered.
The transaction remains subject to the satisfaction of customary closing conditions. First Hawaiian and TriCo expect the deal to close later in 2026.
