Hancock Whitney
 | |
| Company type | Public |
|---|---|
| Nasdaq:HWC S&P 400component | |
| Industry | Banking |
| Founded | 1899 |
| Headquarters | Gulfport, Mississippi,U.S. |
Key people | John M. Hairston (president&CEO) Michael M. Achary (CFO)[1] |
| Revenue |  $1.442 billion (2019) |
| $0.322 billion (2019) | |
| Total assets | $30.601 billion (2019) |
Number of employees | 3,887 (2017) |
| Website | hancockwhitney |
| Footnotes / references [2] | |
Hancock Whitney Corp.is abank holding companyheadquartered inGulfport, Mississippi.It operates 237branchesin Mississippi, Alabama, Florida, Louisiana, and Texas. The bank is the official bank of theNew Orleans Saintsand issues the official debit card. The bank is also the official bank of LSU Athletics and the Louisiana Ragin’ Cajuns, being the exclusive provider of credit cards for the LSU Tigers, as well as debit cards for both athletic brands.
History
[edit]Early history
[edit] | This sectionneeds additional citations forverification.(December 2021) |
Hancock County Bank was founded in 1899 inBay Saint Louis, Mississippiby 19 individuals. On its first day, the bank opened with $10,000 in capital and $8,277.41 in deposits. The bank was originally founded to capitalize on the booming lumber, cotton, and wool trades and also the market for poultry and produce.[3]
On January 8, 1902, the bank opened a branch inPearlington, Mississippi,followed by a branch inPass Christian, Mississippi,the popular destination of Northerners fleeing the brutal winters, and of affluent New Orleanians seeking relief from the sweltering heat of the summers.
The Pearlington and Logtown branches were closed after the decline of the lumber industry and the company turned its attention towardGulfport, MississippiandBiloxi, Mississippi.
During theWall Street Crash of 1929,162 Mississippi banks failed, leaving Gulfport without a bank. Some Gulfport residents were already customers at theLong Beach, Mississippibranch and several Gulfport businessmen appealed to the bank to open a downtown Gulfport branch. The bank opened a branch at the corner of 13th Street and 26th Avenue in the former First National Bank of Gulfport Building. In 1933, the bank moved to the location that would become One Hancock Plaza in downtown Gulfport, and the company changed itsdomicileto Gulfport and renamed the company Hancock Bank.[3]
Recent history
[edit]Hancock Bank acquiredBaton Rouge, Louisiana-based American Bank of Baton Rouge in 1990; Washington Bank and Trust Co. ofFranklinton, Louisianafor $15 million in 1994;[4]and American Security Bank based inVille Platte, Louisianain 1999, raising assets to $3 billion.[5]It acquired Lamar Bank, opening up the south-central Mississippi marketplace and establishing a presence inHattiesburg, Mississippi,in 2001;[3]andTallahassee, Florida-based Guaranty National Bank and its 5 branches in 2004.[6]
Additionally, bank's insurance services were expanded by acquiring the 103-year-old Ross King Walker, Inc., based in Hattiesburg in 2004; and J. Everett Eaves, Inc., based in New Orleans in 2005.[7][8]
In 2006, Hancock Bank of Alabama was issued a charter to operate inAlabama.[9]
In 2009, the bank acquired Peoples First Bank ofPanama City, Floridaafter the latter was seized by theOffice of Thrift Supervisionafter suffering frombank failure.[10][11]In 2011, the bank acquired Whitney Holding Corporation.[12]In 2017, the bank acquired First NBC Bank, which was seized by regulators after suffering from bank failure.[13]
In May 2018, the company changed its name to Hancock Whitney Corp.[14]
In 2018, Hancock Whitney acquired the Trust and Asset Management business from Capital One. In 2019, Hancock Whitney purchased MidSouth Bank.[15]
See also
[edit]References
[edit]- ^"Officers & Directors — Hancock & Whitney Bank".snl.Hancock Whitney Corporation.
- ^"Hancock Holding Company 2017 Form 10-K Annual Report".U.S. Securities and Exchange Commission.
- ^abcBurns, Haskel (October 27, 2014)."Hancock Bank celebrates 115 years".USA Today.
- ^"Hancock holding in a La. acquisition".American Banker.July 11, 1994.(subscription required)
- ^"Hancock Bank and American Security Bank Announce Completion of Merger"(Press release).Business Wire.January 15, 1999.
- ^Linder, Craig (March 17, 2004)."Hancock Holding Buys Failed Fla. Bank".American Banker.(subscription required)
- ^"Hancock Bank Completes Ross-King-Walker Acquisition"(Press release).PR Newswire.November 4, 2004.
- ^"Hancock Bank Closes Acquisition of J. Everett Eaves Inc".Insurance Journal.July 5, 2005.
- ^"NEW APPLICATIONS RECEIVED AND ACTIONS TAKEN BY THE STATE BANKING DEPARTMENT FOR THE MONTH OF SEPTEMBER 2006"(PDF).Alabama. Archived fromthe original(PDF)on 2018-01-29.Retrieved2018-01-07.
- ^Quillen, Kimberly (December 21, 2009)."Hancock Holding acquires Peoples First Community Bank in Florida".The Times-Picayune.
- ^"Failed Bank Information for Peoples First Community Bank, Panama City, FL".Federal Deposit Insurance Corporation.December 18, 2009.
- ^"Hancock Holding Company Completes Whitney Holding Corporation Merger"(Press release).GlobeNewswire.June 5, 2011.
- ^"Whitney Acquiring Branches, Certain Assets and Liabilities of First NBC Bank from the FDIC"(Press release).GlobeNewswire.April 28, 2017.
- ^Manning, Margie (May 25, 2018)."Hancock Whitney Bank makes name change official".American City Business Journals.
- ^"Hancock Whitney purchases Mid South Bank".
External links
[edit]- Business data for Hancock Whitney Corp.: