April 24 - Territorial Bancorp Inc., (Nasdaq: TBNK), headquartered in Honolulu and the holding company parent of Territorial Savings Bank, has completed its third repurchase program. The company repurchased 552,000 shares of its common stock at an average price of $21.76 per share. The company's board of directors regularly reviews capital management options, including stock repurchase programs, and any future decision to adopt one or more additional stock repurchase programs would be subject to general market conditions, the trading price of the stock, alternative uses for capital, and the company's financial performance.
Territorial Savings Bank is a federally chartered savings bank that was originally chartered in 1921 by the Territory of Hawaii. Territorial Savings Bank conducts business from its headquarters in Honolulu and has 27 branch offices in the State of Hawaii.