Holding Cos. For Hancock, Whitney Banks To Merge
NEW ORLEANS (AP) — The parent companies of two historic Southern banks -- Hancock Bank in Mississippi and Whitney National Bank of New Orleans -- have announced a merger.
A Wednesday morning news release says Hancock Holding Company and Whitney Holding Corporation have entered into an agreement to merge in a stock-for-stock transaction approved unanimously by both companies' boards of directors.
According to the news release, shareholders of Whitney Holding Corporation will receive 0.418 shares of Hancock Holding Company common stock in exchange for each share of Whitney common stock. The agreement still needs regulatory approval. The banks have branches in Texas, Louisiana, Mississippi, Alabama, and Florida.
More From News Talk 96.5 KPEL
![Truck Crashes Through Louisiana Convenience Store, Injuries Unknown](http://townsquare.media/site/36/files/2024/07/attachment-451428443_875361657961063_9009058308210370374_n.jpg?w=980&q=75)
![Lafayette Police Seek Public’s Help in Identifying iPad Theft Suspect](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-2024-07-15T194605.280.jpg?w=980&q=75)
![Alleged Donald Trump Shooter Spotted Nearly 30 Minutes Before Shots Fired](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161431349.jpg?w=980&q=75)
![WATCH: Would This Viral ‘Texas Gumbo’ Pass a South Louisiana Inspection?](http://townsquare.media/site/36/files/2023/12/attachment-Texas-Gumbo-Pepper-Belly-Pete.jpg?w=980&q=75)
![Donald Trump Has Made His Vice Presidential Pick](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2159730000.jpg?w=980&q=75)
![CHECK IT OUT: You Can Rent This Awesome Tower in New Iberia, Louisiana](http://townsquare.media/site/36/files/2024/07/attachment-new-iberia-airbnb-2.jpg?w=980&q=75)
![Man Wins $100,000 With Lottery Strategy From Watching ‘Lottery Changed My Life’](http://townsquare.media/site/33/files/2022/04/attachment-giorgio-trovato-BRl69uNXr7g-unsplash.jpg?w=980&q=75)
![Louisiana to be Prominently Featured at Republican National Convention](http://townsquare.media/site/36/files/2024/07/attachment-RNC-LOGO.jpg?w=980&q=75)
![What We Know About the 20-Year-Old Man Who Tried to Assassinate Donald Trump](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161922154.jpg?w=980&q=75)