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Tag Archives: Hancock Bank

Hancock Bank hosting event to raise funds for lighthouse restoration

PASCAGOULA — Hancock Bank is hosting a “Come Light Up The Night” Round Island Lighthouse fundraiser Aug. 7 to complete interior and lighting work at the top of the historic structure. The event will take place under the historical oaks at Lighthouse Park, on the north side of the Pascagoula bridge. Preservationists and the city of Pascagoula have spent a ...

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'Branch rationalization' guiding Hancock, Regions branching strategies

Fresh off of closing more than two dozen branches and selling a handful of others in its five-state market, Hancock Bank is back in the branching business with the opening of  a full service location in West Hattiesburg. The 5,300-square-foot Oak Grove branch at 12 Newtowne Loop is among several branches and financial centers the $20 billion Gulfport-based Hancock has ...

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Hancock Holding sees quarterly profit tumble

GULFPORT — Hancock Holding Co. said profit in 2013’s fourth quarter fell 26 percent as it spent $17.1 million to improve efficiency. Hancock, which operates Hancock Bank in Mississippi, Alabama and Florida, and Whitney Bank in Louisiana and Texas, posted quarterly profit yesterday of $34.7 million, or 41 cents per share. That’s down from $47 million, or 54 cents per ...

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Bauer rankings reflect strong Q3 showing for Mississippi banks

A total of 45 Mississippi banks and saving and loans garnered five-star ratings from Bauer Financial Services in the third quarter. Of Mississippi’s largest banks, the $20 billion Hancock Bank of Gulfport was the only one to receive five stars, though Jackson’s Trustmark and Tupelo’s Renasant performed well enough to gain four stars each. BancorpSouth, the state’s second largest bank ...

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Bank bringing corporate center to Alabama; adding 100 jobs

GULFPORT — Hancock Bank is locating a corporate center in Montgomery, Ala., that will have 200 employees. Bank officials say 100 of the jobs will be new to the company. The bank’s new corporate center will be located on two floors of the Capitol Commerce Center, which was once home to Colonial Bank. Hancock’s chief information officer, Ron Milliet, will ...

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Hancock's profits tumble on expenditure for cost-cutting measures

GULFPORT — Regional bank Hancock Holding Co. said profit in 2013’s third quarter fell 30 percent as its spent $20.9 million on cost-cutting. Hancock, which operates Hancock Bank in Mississippi, Alabama and Florida, and Whitney Bank in Louisiana and Texas, posted quarterly profit of $33.2 million, or 40 cents per share. That’s down from $47 million or 55 cents per ...

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Mississippi banks show strength with top Bauer ratings

Highlighting the strong stability of Mississippi’s banks, Bauer Financial has awarded five-star “Superior” ratings to over half of the state’s banks for their first-quarter performance, including two of the largest banks — Hancock Bank and Trustmark Bank. Two other major banking Mississippi banking entities — Birmingham-based Regions Bank and Tupelo’s BancorpSouth — received the three-and-a-half star ranking of “Good” from ...

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Bank vaults have changed with the times but are still tough

The old Hollywood stereotype of a bank vault filled with stacks of cash protected behind a massive door is mostly going by the wayside. Instead of keeping large cash inventories in one place, banks spread the money around to branches or wherever else customers need it. That reduces risk and the cost of maintaining a cash inventory, giving the bank ...

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