Hancock Bank’s proposed acquisition of Gulf Coast banking rival Whitney Bank has been approved by shareholders of both companies. The next step for the $1.5 billion stock deal will be approval from the Federal Reserve. The companies hope to complete the acquisition during the current quarter. The combined bank will have about $20 billion in assets and about $16 billion in total deposits, making it the 32nd largest bank in the United States with just under 300 branches in Louisiana, Mississippi, Alabama, Florida and Texas.
Shareholders approve Hancock buyout of Whitney
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