American Savings Bank Announces Pricing of Upsized Initial Public OfferingAmerican Savings Bank, N.A. (“ASB”) announced today the pricing of its upsized initial public offering of 8,057,240 shares of its common stock being sold by certain of its existing stockholders (the “Selling Stockholders”) at a price to the public of $16.00 per share. ASB will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Selling Stockholders also granted the underwriters a 30-day option to purchase up to an additional 1,208,586 shares of common stock to cover over-allotments.
