ABiz -> Acadiana Business THU, DEC 23 11:30AM by Walter Pierce

Hancock, Whitney merging

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.

Read more here.


Walter Pierce
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Comments (2)add
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written by Turiddu , December 23, 2010 - 08:42 pm
IberiaBank wanted Whitney and worked hard to buy them and did not know Whitney was talking to Hancock. Iberiabank was shocked and upset at losing this big fish. They were like a shark after a fish in trouble and didn't get it...they'll move on to another fish in trouble.
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written by northsidian shotgun , December 24, 2010 - 02:01 pm
What else is new, Turiddu.
In "The End, the one with the most "Toys Rules
Kenny, and now Jodu'nt, be De'Jevu
Its not about the "Status Quo
Its about the stuff ya "FOLD
Not atall about a "Rainbow In The Sky
Its about the chunk size of the "Pie
But, this is only "second-hand
Ya need to heah it from the "Man
And that my "Bro, be Jodu'nt, he be "The Man


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