Proxy firm advocates investors reject Hope bid for Territorial

Blue Hill Advisors LLC and former Bank of Hawaii CEO Allan Landon announced Tuesday that Institutional Shareholder Services Inc., an independent proxy advisory firm, has recommended that shareholders of Territorial Bancorp Inc. vote against the proposed merger between Territorial and Los Angeles-based Hope Bancorp Inc. at Territorial’s shareholders meeting Oct. 10.

See the original article at: Honolulu Star-Advertiser