Hancock Holding Company, the parent of Hancock Bank, says it has started a $150 million stock offering. The Gulfport, Miss.-based bank says it will use the proceeds for general corporate purposes, which might include acquisitions. Hancock also announced its third-quarter earnings today. The bank reported $15.2 million in net income during the quarter, a 4.9% drop from the $16 million the bank earned in the third quarter of 2008. Hancock says its revenues were up 4% in the quarter, to $91.1 million.
Hancock plans stock offering
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