April 25 (Reuters) - Hawaiian Electric Industries ( HE )

is weighing the sale of its American Savings Bank FSB, Bloomberg

News reported on Thursday, citing people familiar with the

matter.

Hawaiian Electric is working with advisers to consider

various options for the bank, including a full or partial sale,

the report said, which added that no final decision has been

made.

Hawaiian Electric in an emailed statement to Reuters said it

does not comment on "rumors or speculation", while American

Savings Bank did not immediately reply to a request for comment.

Hawaiian Electric is a holding company with subsidiaries

principally engaged in electric utility, banking, and

nonregulated renewable infrastructure businesses operating in

the State of Hawaii.

It is the parent company of American Savings Bank as

well as the utility Hawaiian Electric which is facing multiple

lawsuits over a wildfire that tore through the island of Maui

last year, killing at least 100 people.

In November, the company said it was unable to submit its

quarterly filing with U.S. securities regulators on time due to

financial contributions it made towards victims of the wildfire.

In 2023, the bank's revenues amounted to about 11% of

Hawaiian Electric's consolidated revenues. The bank had assets

totaling about $9.7 billion as of Dec. 31.