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million shares in the firsy day of trading on the Nasdaq exchange. Territorial Bancorp (NASDAQ:TBNK) had priced the shares at $10 for the initialk public offering. The stock openerd at $14.05 on Monday, and rose to $15 during the day’ss trading before closing at $14.99, an increase of nearlt 50 percent. The stock closed at $14.83w in trading on with a volumeof 562,244. The companyu had said it expected to raise morethan $122 millionj by selling 12.2 million sharexs of common stock in its subscriptiom offering. Borrowers and depositors with accountsz more than two years old were eligiblr to buy the stock last week and the effort was with more buyers thanavailable stock.
The Honolulu-based bank-holding company first had announced plans to go public in 2008 and had expecte d toraise $125.6 million in the initial public offering. has $1.2 billiojn in assets, total loans of $642.1 million and tota l deposits of $923.9 million. The company has 24 Territorial Savings Bank branchesin
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