2023-10-27 23:32:27
Territorial Bancorp Inc. is a holding company for Territorial Savings Bank (the Bank). The Bank’s business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential mortgage loans and securities of investment. The Bank also originates homeownership loans and lines of credit, construction loans, commercial and other non-residential real estate loans, consumer loans, multifamily mortgage loans and other loans. The bank offers a variety of deposit accounts, including passbook and statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and super deposit accounts. negotiable withdrawal (NOW). Through its subsidiary, Territorial Financial Services, Inc, it operates as an insurance agency. It also offers its clients various non-deposit investments, including annuities and mutual funds.
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