Hancock Bank and Whitney Bank have released a joint statement detailing the closures of more than 40 of its banks in five states.
Only one Mississippi bank will reportedly close.
As discussed during the recent Gulf South Bank Conference in New Orleans, Hancock Bank and Whitney Bank will close a combined 40-45 branches across the company’s five-state footprint of Texas, Louisiana, Mississippi, Alabama, and Florida. Most of the closures will occur on August 30, 2013, followed by a handful of possible additional closures by December 31, 2013.
Branch closures will not affect the majority of the banks’ clients across the five states. Nevertheless, the company will provide appropriate required notices and more details to clients affected by branch closures and work closely with clients to minimize impacts and inconveniences. Once the company completes client notifications in the coming weeks, it will release more information to keep clients and communities informed about local changes.
Hancock and Whitney are strong, well-capitalized banks—ranked among the strongest, safest banks in America—dedicated to providing personalized, award-winning service and products tailored to clients’ financial needs. These branch closures are part of the banks’ continuing proactive efforts to reposition market strategies, provide the financial services clients want in an efficient manner, and offer the convenient delivery channels clients prefer based on changing consumer habits and industry trends. Many other institutions in the region and throughout the country are making similar changes.
As two well-established, century-old Gulf South financial institutions, Hancock Bank and Whitney Bank have deep roots in the hometowns the banks serve. Both banks remain firmly committed to creating opportunities for people and communities across the region and to helping individuals, businesses, and non-profit organizations achieve success.
Source: Hancock Bank