Mississippi-based Hancock Holding Co. is buying New Orleans-based Whitney Holding Co. in a $1.5 billion stock deal. The combined company will be headquartered in the Crescent City and branches will retain their current branding and identity; branches in Alabama, Mississippi and Florida will remain Hancock Bank locations and Whitney Bank branches in Louisiana and Texas will retain the Whitney name.
The 127-year-old Whitney is Louisiana’s largest bank, with $11.5 billion in assets. The new Hancock-Whitney company will have $20 billion in assets.
There will soon be a whole lot of shakin’ going on at Benny’s Sportshack Supplement Depot, a new concept by Opelousas native Benny Nele. Located at 2002 Johnston St., the supplement shop, smoothie bar and café, featuring hot off the press paninis and wraps, plans to open in late May.
Philip deMahy Sr., a once respected New Iberia ad exec, was sentenced May 2 to spend the next two years (he faced up to 100 years) in a state penitentiary after state and federal investigators found dozens of images depicting children engaged in lewd sexual acts on his personal computer.