Wells Fargo agreed to sell a Hawaiian subsidiary.

The San Francisco-based bank holding company reached an agreement in principle to sell Crocker Financial to First Hawaiian Creditcorp, the companies announced. Hawaiian-based Crocker Financial was part of Crocker National, which was recently acquired by Wells Fargo. Although the firms didn’t reveal the purchase price, they said the proposed sale involves $30 million in total assets. Crocker Financial and First Hawaiian Creditcorp are both industrial loan companies.