Hawaii
Controversial bid for Territorial in Hawaii wins shareholder backing
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Shareholders of Territorial Bancorp in Honolulu on Wednesday voted in favor of a sale to Los Angeles-based Hope Bancorp, ending a contentious and protracted campaign to derail the deal and paving a path to close it by the end of this year.
The deal, announced in April, faced major hurdles in recent weeks after an investor group stepped in with a
The combination still needs regulatory approval.
“We expect our combination with Bank of Hope to strengthen Territorial for the long term, providing many advantages for our customers and employees as we become part of a larger organization with greater resources, enhanced technology platforms, and an expanded array of banking products and services,” Territorial Chairman and CEO Allan Kitagawa said in a press release after the vote. “We greatly appreciate the hard work of our employees and their unwavering commitment to delivering outstanding service as we progress toward the closing of this transaction.”
The $17.4 billion-asset Hope agreed in April to an
However, an investor group led by
“We think our offer is clearly superior,” Landon said in an interview ahead of the vote.
Territorial’s shares traded above $11 on Wednesday.
Landon said the Hope offer came before the Federal Reserve made clear that it planned to cut interest rates and provide relief to community banks such as Territorial, whose securities portfolios and earnings have been under pressure. The Fed lowered its benchmark interest rate by 50 basis points in September and signaled more reductions could follow.
Territorial swung to a third-quarter net loss of $1.3 million, or 15 cents per share, from year-earlier net income of $880,000, or 10 cents per share. Territorial holds older bonds and other assets at low rates and had to pay more for deposits over the past couple years. As a result, its third-quarter net interest income decreased by nearly $2.6 million from a year earlier to $7.5 million.
However, with rates now declining, Landon said the bank’s earnings are poised to recover, and Territorial was worth more than the Hope offer implied.
Before the vote, Yakira Capital Management, one of Territorial’s largest shareholders, urged the bank to consider the Blue Hill offer, calling it financially superior.
“We continue to question why the board is so vehemently against an offer that provides approximately 25% more value for shareholders,” the Westport, Connecticut-based investment manager said. It owns more than 1% of Territorial’s shares.
That statement came on the heels of proxy advisor Institutional Shareholder Services supporting consideration of the Blue Hill offer.
However, ISS reversed its position ahead of the vote, and proxy advisor Glass Lewis also recommended that shareholders get behind the Hope deal.
In a letter to shareholders last week, Territorial’s board said it remained committed to the Hope deal. The board said the Blue Hill bid presented too many uncertainties and ultimately did not appear stronger than the Hope package when all factors were considered.
The $2.2 billion-asset bank’s board said that the Blue Hill offer was made on behalf of investors who had not presented sufficient evidence that they had the financial wherewithal to follow through on their offer or the expertise to secure regulatory approvals.
Territorial also said it would have to pay Hope a $3 million termination fee to pursue the investor group’s offer — an expensive risk given uncertainty about whether the competing offer was sound.
The Blue Hill-led group in October provided an addendum to its offer to provide additional details about the “seven seasoned bank investors backing the proposal, whose individual expressions of interest in acquiring Territorial shares total $134 million,” according to a press release at the time. “That is $26 million more than the amount required to tender for 100% of Territorial’s shares at a price of $12.50 per share.”
The investors collectively manage $3.4 billion “and comprise a mix of funds, family offices and private investors who have executed hundreds of transactions like this,” according to the group’s press release.
Territorial’s shareholder vote was webcast Wednesday afternoon Eastern time. Executives, who were not immediately available to comment, said on the webcast that a majority of shareholders voted in favor of the Hope sale. They said a precise tally would follow in a forthcoming Securities and Exchange Commission filing.
A Blue Hill spokesman said Wednesday the group would await the SEC filing before commenting.
Hawaii
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Hawaii
HGTV’s ‘Renovation Aloha’ accused of broadcasting human remains illegally
HONOLULU (HawaiiNewsNow) – The team behind a popular Hawaii-based home renovation show is now facing legal troubles after airing content that shouldn’t have been released, according to the state.
Hawaii’s Attorney General is now involved after HGTV’s ‘Renovation Aloha’ showed uncensored images of apparent ancient skeletal remains that were discovered at a Hilo property.
In a now-deleted clip on social media, Kamohai and Tristyn Kalama, along with the production team, discovered a cave beneath a Hilo property where they found the remains deep inside.
Video documented their shock when it was found, with the hosts saying, “There’s bones back here. I got to get out of here. Are you fricken serious? I’m serious dude. Is that a skull?”
Tristyn was seen standing further back, saying “This is terrifying. I’m at my stopping point” before leaving.
Hawaii News Now is not showing the bones, but confirmed with HGTV the episode was filmed in December 2025.
Video didn’t show them touching or moving the remains, and HGTV said authorities were notified after the discovery, the property was not developed, and the site was later blessed.
At the time, police said no crime was committed, and the state AG obtained a TRO to prevent the broadcast of the images in accordance with state law.
However this week, uncensored video of the bones was posted online by the Kalamas and HGTV, and included in the episode, triggering a quick rebuke from the community.
“We don’t kaula’i iwi. We do not lay our bones out in the sun to expose him in this manner,” former Oahu Island Burial Council Chair Kumu Hinaleimoana Wong-Kalu said.
She also said the release of the images was “extremely disappointing,” saying the damage was already done.
“It is irrelevant that bones were not moved. It is irrelevant that they were not disturbed, per se, because somebody didn’t touch them — but you went into their space and that space becomes kapu space once they have transitioned over to po. And when you do that, we honor that. We don’t disturb them,” Wong-Kalu added.
The AG said they took immediate legal action to prevent the unlawful broadcast of images, pointing to a TRO issued prior to the episode’s release. They also said, “We are aware that the segment aired notwithstanding the court’s order, and we take this matter very seriously. The Department will pursue additional action as necessary.”
Court Documents revealed the Kalamas and producers of the show are now facing four counts for allegedly breaking Iwi Kupuna protection rules.
“If that were our grandparent, would we want them, after they have physically transitioned to po, would we want to share our family in this manner? I don’t think so,” Wong-Kalu added.
HGTV said in a statement, “We take the concerns raised by the community very seriously and are committed to ensuring our programming is respectful and appropriate. We apologize to anyone who found any part of the episode offensive, that was not HGTV’s intention.”
They also confirmed the original episode was removed, and re-edited without the bones included.
Through our communication with the HGTV spokesperson, Hawaii News Now offered the Kalamas a chance to respond directly, but they did not. They did however take to Instagram to address the episode, saying they followed the protocols they knew, and never intended to build there. They stressed their respect for Hawaiian culture and practices.
The investigation remains active.
Copyright 2026 Hawaii News Now. All rights reserved.
Hawaii
Hawaiian Airlines Ends April 22. What Replaces It.
That headline is something many of us never expected to read. This April 22, 2026, is the day Hawaiian Airlines officially ends. Alaska’s reservation system takes over, Hawaiian flight numbers disappear, and all operations move to Alaska. Hawaiian joins the oneworld alliance too on the same day, but for Hawaii travelers, the alliance is not the headline. The airline you knew will cease to exist as part of the process that began with Alaska’s purchase of Hawaiian on December 3, 2023.
You can still board a plane painted with the iconic Pualani on the tail, but you will not book an HA flight anymore. Your confirmation email shows AS (Alaska). Your boarding pass shows AS. What airport departure boards and gate screens display on day one is a separate question. That and more will be revealed later.
When the code disappears, not the paint.
The Hawaiian call sign already ended last fall, when HA866 flew from Pago Pago to Honolulu on October 29, 2025, closing out 95 years of Hawaiian flight numbers in the sky. Call signs are largely for pilots and air traffic control, and most travelers never really see them. April 22 is entirely different because flight numbers exist on your itinerary, your receipt, your screenshot, and your email, and when HA disappears from those, you see it.
What booking Hawaiian looks like after April 22.
Customer service interactions will route entirely through Alaska’s systems. Schedule changes, irregular operations, rebooking rules, and automated notifications follow Alaska’s logic, and frequent travelers will notice these differences first.
A huge reservation system change is happening behind the scenes.
April 22 is also when Alaska’s reservation system replaces what remains of Hawaiian’s Amadeus platform, which has been degraded since the 2023 Sabre-to-Amadeus migration went sideways, infuriating its customers. The cutover is supposed to resolve years of booking infrastructure problems. But we’re keeping in mind that system migrations at this scale have historically created turbulence before they stabilize, so patience may still be required.
Branding stays, for now.
The visual identity remains intact on April 22. Pualani stays on the tail, uniforms stay recognizable, and the onboard experience does not change that day. Alaska has acknowledged that Hawaiian branding carries value in Hawaii, but Alaska has not committed to how much of it stays or how long. Everything past the paint is already Alaska.
The oneworld alliance arrives on the same day.
April 22 is also the day Hawaiian becomes a full member of the oneworld alliance. International lounge access improves, elite status recognition lines up across partner airlines, and earning and redeeming miles across oneworld carriers becomes far easier. Hawaiian did not have that before and had limited partners on its own. Under Alaska, it does have, for the first time, a robust partner network.
Atmos status is part of the oneworld structure wherein Silver aligns with oneworld Ruby, Gold with oneworld Sapphire, and Platinum and Titanium with oneworld Emerald. For travelers who qualify, that means priority services and lounge access when flying internationally. Alliance benefits may work best outside of Hawaii for now, as many of you have noted.
What Alaska has promised next for Hawaii.
Alaska has announced a $600 million investment covering airport renovations at five Hawaii airports, a full A330 cabin refit starting in 2028, and a new flagship lounge at Honolulu in late 2027. All twenty-four A330s are set to receive a new business class in a 1-2-1 layout with privacy doors and direct aisle access, replacing the dated 2-2-2 configuration.
The same design team behind the 787 soft product is said to be handling the A330, and the refit was quoted as rolling out across the entire fleet over roughly 12 months starting in January 2028. A true premium economy cabin comes with it, separate from Extra Comfort, and extra legroom. Extra Comfort rebrands to Alaska Premium Class on April 22 as an Alaska alignment, but the new premium economy class does not arrive until sometime in 2028.
The Honolulu lounge will expand to roughly five times the current Plumeria Lounge footprint at the Terminal 1 Mauka Concourse entrance. Beat of Hawaii has covered that new Honolulu Atmos Lounge separately. None of these upgrades changes anything significant if you are flying Hawaiian anytime soon.
What happens to the A321neo, A330, and the 717 interisland fleet long term under Alaska is a separate question. Beat of Hawaii has been covering that.
But Hawaiian had been running out of runway long before Alaska arrived, and the acquisition is the reason there is still a Pualani tail flying to Hawaii at all. What Alaska does with the paint, the brand, and the Hawaii routes from here is the part we’ll continue watching.
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