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July 13 (Reuters) - First Hawaiian FHB.O will buy U.S. regional lender TriCo Bancshares TCBK.O in a $2 billion all-stock deal, expanding its presence on mainland U.S.

TriCo shareholders will receive 2.095 shares of First Hawaiian for each held, valuing the California-based lender at $63.12 per share, they said on Monday.

The deal will create a combined lender with roughly $34 billion of assets, making it the sixth-largest bank headquartered in the Western U.S.

The transaction is expected to close by the end of 2026. Evercore advised First Hawaiian on the deal, while Keefe, Bruyette & Woods advised TriCo.