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BancWest Corp. completes sale of 20 million First Hawaiian shares

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BancWest Corp. completes sale of 20 million First Hawaiian shares

BancWest Corp. on Sept. 10 completed the sale of 20 million common shares of First Hawaiian Inc. to J.P. Morgan Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc. and Merrill Lynch Pierce Fenner & Smith Inc. as underwriters of the public offering.

BancWest Corp. has granted the underwriters an option to purchase up to an additional 3 million common shares at the offering price within 30 days of the Sept. 5 underwriting agreement between First Hawaiian, BancWest Corp. and the underwriters.

BancWest Corp. is a unit of BNP Paribas USA Inc.

Additionally, on Sept. 5, J. Michael Shepherd resigned as a director of First Hawaiian Inc. and its unit First Hawaiian Bank.