Territorial Savings Bank: History, Services, And Current Status
Territorial Savings Bank was a Hawaii-based financial institution with roots dating back to 1921. The bank served individuals, families, homeowners, and businesses across Hawaii for more than a century.
Many people searching for Territorial Savings Bank today want to know whether the bank still operates independently. They may also be looking for branch information, banking services, routing details, or transaction information.
The answer changed in 2025, when Territorial Savings Bank became part of Bank of Hope. The Territorial name continued after the merger, creating some confusion for existing and former customers.
Understanding the bank’s history, products, ownership, and current structure can help explain why its name still appears across financial records and online searches.
What Was Territorial Savings Bank?
A Hawaii Banking Institution With Long History
Territorial Savings Bank was established in Hawaii in 1921 and built its business around consumer and residential banking services. Its headquarters were located in Honolulu, Hawaii.
Over the decades, the institution developed a large Hawaii customer base and expanded its branch network across several communities.
The bank focused strongly on residential mortgages, deposit accounts, and other financial products for consumers. It also served commercial customers through several lending and deposit products.
Territorial Savings Bank operated for more than 100 years before becoming part of another banking organization.
How Did Territorial Bancorp Relate To The Bank?
Territorial Bancorp Inc. served as the holding company for Territorial Savings Bank before the 2025 acquisition.
The holding company became publicly traded after its conversion from a mutual structure and initial public offering. Territorial Savings Bank remained its principal banking subsidiary.
This structure meant customers generally interacted with Territorial Savings Bank, while investors dealt with Territorial Bancorp Inc.
What Happened To Territorial Savings Bank?
Bank Of Hope Completed The Acquisition
The biggest change occurred on April 2, 2025, when Hope Bancorp completed its acquisition of Territorial Bancorp.
Following the transaction, Territorial Savings Bank merged into Bank of Hope. Bank of Hope became the surviving banking institution after the merger.
The Territorial name did not simply disappear after the transaction. Instead, the Hawaii franchise continued under the Territorial Savings name.
Why Does The Territorial Savings Name Still Appear?
Bank of Hope continued using Territorial Savings as a trade name for its Hawaii operations after completing the acquisition.
Therefore, seeing Territorial Savings or Territorial Savings Bank in older documents does not necessarily indicate that the former independent institution still exists.
Customers may encounter the legacy name through older statements, financial records, account documents, websites, or transaction histories.
The distinction matters because the historical bank and its current ownership structure are not identical.
Who Owns Territorial Savings Today?
Bank Of Hope Is The Current Banking Entity
Bank of Hope is the surviving bank following the 2025 merger with Territorial Savings Bank.
Hope Bancorp, Inc. is the parent company associated with Bank of Hope. The merger expanded Bank of Hope’s presence in Hawaii while adding Territorial’s customers, deposits, and loans.
Territorial Savings therefore remains relevant as a local brand, even though its former independent bank structure changed.
What Happened To Territorial Bancorp?
Territorial Bancorp ceased operating as the independent parent company after the acquisition by Hope Bancorp.
Its banking operations moved into the Bank of Hope structure through the completed transaction. As a result, current banking questions should generally be considered within the Bank of Hope framework.
What Services Did Territorial Savings Bank Offer?
Deposit Accounts
Territorial Savings Bank historically offered several types of deposit products for personal and business customers.
These included checking accounts, savings accounts, money market accounts, certificates of deposit, and other transaction-focused deposit products.
Customers could select products based on liquidity, savings goals, and expected account activity.
The bank also offered commercial checking and related deposit services for business customers.
Mortgage And Lending Products
Residential mortgage lending was a major part of Territorial Savings Bank’s business.
The institution also offered home equity loans, home equity lines of credit, construction loans, commercial real estate financing, consumer loans, and other lending products.
Its lending activity reflected the bank’s long-standing focus on Hawaii homeowners and local borrowers.
This concentration made Territorial Savings particularly relevant to customers seeking residential financing within Hawaii.
Other Financial Services
The bank’s broader business also included insurance-related services through Territorial Financial Services, Inc.
Customers could additionally access certain investment products through third-party financial service arrangements.
These services expanded the types of financial needs the institution could address beyond traditional deposit accounts.
Where Did Territorial Savings Bank Operate?
Hawaii Branch Network
Territorial Savings Bank maintained a branch network across Hawaii before the merger.
Its 2024 annual filing reported 28 banking offices at the end of that year. Earlier reporting showed different totals as branches opened or changed over time.
Historical locations included communities such as Honolulu, Aiea, Hilo, Hawaii Kai, Kalihi-Kapalama, and Nuuanu.
Branch information should be checked carefully because the merger changed the operating structure after 2025.
Why Historical Branch Information Can Be Confusing
Older websites and directory listings may still display Territorial Savings Bank locations under the previous institutional name.
Current customers should verify branch information through Bank of Hope or the current Territorial Savings operation. Historical directories may not accurately reflect present-day services or opening hours.
This issue is especially important for searches involving addresses, branch availability, and customer service access.
What Is The Territorial Savings Bank Routing Number?
Historical Routing Number
A commonly reported routing number associated with Territorial Savings Bank was 321370707.
Routing numbers are used for financial transactions such as electronic payments, transfers, and certain account-related activities.
However, customers should not automatically assume that a historical routing number remains valid after a merger.
Should You Still Use The Old Routing Number?
The safest approach is to verify the correct routing information with the current banking institution before initiating a transaction.
Merger-related changes can affect account instructions, payment processing, and other banking details.
Customers should rely on current information supplied by Bank of Hope rather than relying solely on older third-party directories.
Why Might Territorial Savings Bank Appear On A Financial Record?
Older Bank Transactions
Territorial Savings Bank may appear on historical financial documents because customers previously held accounts, loans, deposits, or other banking relationships with the institution.
Older statements can continue displaying the former bank name even after its corporate structure changes.
Therefore, the appearance of the name does not automatically indicate a new transaction or separate financial company.
Banking And Payment Records
The bank name may also appear in records connected with transfers, deposits, loan payments, or other financial activity.
Customers reviewing unfamiliar records should compare the transaction date, amount, account details, and payment description before drawing conclusions.
A bank name appearing in a transaction record does not by itself identify the exact merchant or purpose.
How Does Territorial Savings Compare With Other Banks?
Comparing Regional Banking Institutions
Territorial Savings was strongly connected with Hawaii’s local banking market and residential mortgage activity.
Other regional institutions may have similar deposit and lending products but operate in different geographic markets.
For example, readers researching regional financial institutions may also encounter the Midwest Heritage Bank name during broader banking research.
Such institutions can differ significantly in ownership, branch coverage, account products, and operating structure.
Why Bank Names Can Create Confusion
Financial institutions frequently change names through acquisitions, mergers, restructuring, or brand transitions.
Readers researching another institution may encounter similar issues when examining historical banking records. The Mid-Penn Bank login topic is another example involving a specific banking brand and customer access.
These comparisons show why customers should identify the legal institution behind a brand before using older banking information.
What Should Customers Do With Older Territorial Information?
Verify Current Account Information
Customers holding older Territorial Savings documents should verify their present banking details with the current institution.
This includes routing instructions, branch information, online banking access, account servicing, and payment instructions.
Using outdated information can result in rejected transfers, delayed payments, or other avoidable transaction problems.
Check The Source Of Online Information
Third-party websites may continue displaying historical information about Territorial Savings Bank.
Some pages can contain old branch addresses, routing numbers, contact details, or service information. Therefore, current banking decisions should rely on official sources whenever possible.
Readers researching employment or industry information may also encounter unrelated resources such as the IASA Job Bank during broader searches.
Frequently Asked Questions
Is Territorial Savings Bank Still A Bank?
Territorial Savings Bank no longer operates as an independent bank following its 2025 merger with Bank of Hope. The Territorial Savings name continues within the Hawaii operation.
Who Bought Territorial Savings Bank?
Hope Bancorp acquired Territorial Bancorp, the parent company of Territorial Savings Bank. Bank of Hope became the surviving bank after the merger was completed.
When Did Territorial Savings Bank Merge With Bank Of Hope?
The acquisition and related merger were completed on April 2, 2025. Territorial Savings Bank subsequently became part of Bank of Hope.
What Was The Territorial Savings Bank Routing Number?
The historical routing number commonly associated with Territorial Savings Bank was 321370707. Customers should verify current routing instructions because the bank’s structure changed after the merger.
Where Was Territorial Savings Bank Located?
Territorial Savings Bank was headquartered in Honolulu, Hawaii, and operated branches across Hawaii before the merger with Bank of Hope.
Final Takeaways
Territorial Savings Bank was a long-standing Hawaii financial institution founded in 1921. It built its business around deposits, residential mortgages, consumer lending, and other financial services for local customers.
The most important recent development occurred on April 2, 2025, when Hope Bancorp completed its acquisition of Territorial Bancorp. Territorial Savings Bank then merged into Bank of Hope, while the Territorial Savings name continued for the Hawaii franchise.
This history explains why customers may still encounter Territorial Savings Bank in older financial records and online searches. However, current banking details should be verified through the present Bank of Hope structure rather than relying exclusively on historical information.