American Savings Bank Closes Upsized IPO

04:35 PM EDT, 09/21/2026 (MT Newswires) -- American Savings Bank (ASBH) said late Monday it closed its upsized initial public offering of nearly 8.1 million common shares by the selling stockholders at $16 apiece. The company also reported the closing of the subsequent exercise of an over-allotment option by the underwriters to buy up to an additional 1.2 million shares, according to a statement. The company said it did not receive any proceeds from the sale.