Spin-off of bank from holding company

American Savings Bank, FSB and ASB Hawaii, Inc.
2014 - 2015

Our attorneys are representing ASB Hawaii, Inc., the savings and loan holding company parent of American Savings Bank, FSB, in connection with the spin-off and concurrent listing on the New York Stock Exchange of common stock of ASB Hawaii, Inc. by its parent company, Hawaiian Electric Industries, Inc.  Following the spin-off,  Hawaiian Electric Industries, Inc. will be acquired by NextEra Energy, Inc.  The transaction will create a new publicly traded savings and loan holding company for Hawaii’s third largest banking institution.

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