Hancock, Whitney shareholders to vote on merger
Published: April 29,2011
GULFPORT — Hancock Holding Co.’s proposed buyout of its longtime Gulf Coast banking rival, New Orleans-based Whitney Holding Corp., will be judged today by shareholders of both companies.
Separate shareholder meetings are scheduled to decide whether to go along with Hancock’s $1.5-billion stock-for-stock deal to acquire Whitney. Both groups have to approve.
The companies also are awaiting federal banking approval. Hancock hopes to close the acquisition during the current fiscal quarter.
The combined bank will have about $20 billion in assets and about $16 billion in total deposits.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Molpus closes Fund after more than $662M in commitments
- Realtors chooses Nita Wingard
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- No debate, but Cochran and Childers lobby for votes for Senate
- Politics of paying for transportation: Hand wringing and a lot of talk
- Entergy agrees to cut $35M from its new rate plan
- MSU reminding fans that drones are prohibited at football games
- Kemper County plant will cost at least another $496M to complete
- Ford Foundation gives to UM for new science building