Hancock acquires failed Florida bank

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Hancock Bank has taken over the failed Peoples First Bank, a move that gives it 29 additional branches across Florida. Locations of Peoples First in the Florida Panhandle and the central part of the state are re-opening today as Hancock branches. Peoples First has $1.8 billion in deposits and locations in cities such as Pensacola, Jacksonville and Orlando. The move gives Mississippi-based Hancock more than 180 locations across the Gulf Coast.

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