Notice of Change in Control of a Bank Holding Company
The Vanguard Group, Inc., Malvern, PA, on behalf of itself, its subsidiaries and affiliates (together with The Vanguard Group, Inc., “Vanguard”), and the investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard (the “Vanguard funds”), intend to apply to the Federal Reserve Board for permission to increase the aggregate ownership position of the Vanguard funds to more than 15% of the common stock of Hawaiian Electric Industries, Inc., 1001 Bishop Street, Suite 2900, Honolulu, HI 96813. The Vanguard funds will acquire common stock of Hawaiian Electric Industries, Inc. solely for investment purposes. Hawaiian Electric Industries, Inc. controls American Savings Bank, F.S.B., 300 N. Beretania Street, Honolulu, HI, 96817. The Federal Reserve considers a number of factors in deciding whether to approve the notice.
You are invited to submit comments in writing on this notice to the Federal Reserve Bank of San Francisco, P.O. Box 7702, San Francisco, CA 94120-7702, or via email: firstname.lastname@example.org. The comment period will not end before October 22, 2022 and may be somewhat longer. The Board’s procedures for processing applications may be found at 12 C.F.R. Part 262.25. To obtain a copy of the Federal Reserve Board’s procedures, or if you need more information about how to submit your comments on the notice, contact Joseph Cuenco, Assistant Vice President, Financial Institutions Formations + Transactions and Enforcement,
415-974-2094. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the notice if they are received in writing by the Reserve Bank on or before the last day of the comment period.