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TERRITORIAL BANCORP INC.
1132 Bishop Street
Suite 2200
Honolulu, Hawaii 96813
May 14, 2009
VIA FACSIMILE AND EDGAR
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(202) 772-9216
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Re: Territorial Bancorp Inc.
Registration Statement on Form S-1 (Registration Number 333-155388)
Request for Acceleration of Effectiveness
Ladies and Gentlemen:
Territorial Bancorp Inc., a Maryland corporation (the "Company"), hereby
requests that the Company's Registration Statement on Form S-1 be declared
effective on May 14, 2009 at 5:00 p.m., or as soon thereafter as is practicable.
The Company hereby acknowledges that:
o should the Commission or the staff, acting pursuant to delegated
authority, declare the filing effective, it does not foreclose the
Commission from taking any action with respect to the filing;
o the action of the Commission or the staff, acting pursuant to
delegated authority, in declaring the filing effective, does not
relieve the Company from its full responsibility for the adequacy and
accuracy of the disclosure in the filing; and
o the Company may not assert this action as a defense in any proceeding
initiated by the Commission or any person under the federal securities
laws of the United States.
Very truly yours,
/s/ Vernon Hirata
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Vernon Hirata
Vice Chairman, Co-Chief Operating Officer,
General Counsel and Corporate Secretary