Feds give approval for Hancock-Whitney merger

GULFPORT — Hancock Holding Company reports it has received all federal regulatory approvals required under the merger agreement in connection with its proposed merger of Whitney Holding Corporation.

The closing of the merger is expected to be effective as of June 4.

Upon completion of the transaction, the combined company is expected to be the 32nd largest bank holding company headquartered in the United States, with approximately $20 billion in total assets, $16 billion in deposits, $12 billion in loans, over 300 branches, nearly 400 ATMs and almost 5,000 employees across the five contiguous states of Texas, Louisiana, Mississippi, Alabama and Florida.

Source: Hancock Holding