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Territorial Bancorp Inc. is a Maryland-based holding company that owns Territorial Savings Bank, a Hawaii state-chartered savings bank. The company primarily engages in owning and operating the bank, which offers deposit accounts and residential mortgage loans. Its core business involves mortgage origination, investment in mortgage-backed securities, and deposit gathering in Hawaii. The bank's competitive advantage lies in its local market focus, community banking approach, and diversified loan and investment portfolio.
This description was generated via AI from an annual report. Updated about 1 year ago.