First Hawaiian, Inc. to Acquire TriCo Bancshares

Fried Frank is advising Evercore as financial advisor to First Hawaiian, Inc. (First Hawaiian), parent company of First Hawaiian Bank, on its agreement to acquire TriCo Bancshares (TriCo), parent company of Tri Counties Bank, in an all-stock transaction. On a combined basis, the company will have approximately $34 billion of assets and be the sixth largest bank headquartered in the Western US. The combined bank is expected to leverage its strong capital position, liquidity profile and credit quality to deliver enhanced earnings and generate long-term value to shareholders. For more on the transaction, read the companies' press release.

This transaction is a continuation of Fried Frank's work advising Evercore as financial advisor on complex transactions, which includes the firm most recently advising Evercore as financial advisor to Iridium on its agreement to be acquired by Rocket Lab and to Globalstar's special committee on Globalstar's agreement to be acquired by Amazon.

M&A and private equity partners Philip Richter and Roy Tannenbaum are leading Fried Frank team, which includes M&A and private equity associate Lama Kahiel.

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