Hancock Whitney

Hancock Whitney Corp.
Public company
Traded as NASDAQ: HWC
S&P 400 component
Industry Banking
Founded 1899 (1899)
Headquarters Gulfport, Mississippi
Key people
 John M. Hairston, President & CEO
Michael M. Achary, CFO
Revenue Increase $1.167 billion (2017)
Increase $0.215 billion (2017)
Total assets Increase $27.336 billion (2017)
Total equity Increase $2.806 billion (2017)
Number of employees
 3,887 (2017)
Website www.hancockwhitney.com
Footnotes / references
[1]
Whitney Bank on St. Charles Avenue, New Orleans

Hancock Whitney Corp. is a bank holding company headquartered in Gulfport, Mississippi. It operates 237 branches in Mississippi, Alabama, Florida, Louisiana, and Texas. The bank is a sponsor and credit card issuing bank of the New Orleans Saints.

History

Hancock County Bank was founded in 1899 in Bay Saint Louis, Mississippi by 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.[2]

On January 8, 1902, the bank opened a branch in Pearlington, Mississippi, followed by a branch in Pass 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 toward Gulfport, Mississippi and Biloxi, Mississippi.

During the Wall Street Crash of 1929, 162 Mississippi banks failed, leaving Gulfport without a bank. Some Gulfport residents were already customers at the Long Beach, Mississippi branch 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 its domicile to Gulfport and renamed the company Hancock Bank.[2]

In 1990, the bank acquired Baton Rouge, Louisiana-based American Bank of Baton Rouge.

In January 1999, the bank acquired American Security Bank based in Ville Platte, Louisiana, raising assets to $3 billion.[3]

In 1994, the bank acquired Washington Bank and Trust Co. of Franklinton, Louisiana for $15 million.[4]

In 2001, the bank acquired Lamar Bank opening up the south-central Mississippi marketplace and establishing a presence in Hattiesburg, Mississippi.[2]

In March 2004, the bank acquired Tallahassee, Florida-based Guaranty National Bank and its 5 branches.[5]

In November 2004, the bank acquired the 103-year-old Ross King Walker, Inc., based in Hattiesburg, and in July 2005, the bank acquired J. Everett Eaves, Inc., based in New Orleans, expanding the bank's insurance services.[6][7]

In September 2006, Hancock Bank of Alabama was issued a charter to operate in Alabama.[8]

In December 2009, the bank acquired Peoples First Bank of Panama City, Florida after it was seized by the Office of Thrift Supervision after suffering from bank failure.[9][10]

In June 2011, the bank acquired Whitney Holding Corporation.[11]

In April 2017, the bank acquired First NBC Bank, which was seized by regulators after suffering from bank failure.[12]

In May 2018, the company changed its name to Hancock Whitney Corp.[13]

References

  1. ↑ "Hancock Holding Company 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. 1 2 3 Burns, Haskel (October 27, 2014). "Hancock Bank celebrates 115 years". USA Today.
  3. ↑ "Hancock Bank and American Security Bank Announce Completion of Merger" (Press release). Business Wire. January 15, 1999.
  4. ↑ "Hancock holding in a La. acquisition". American Banker. July 11, 1994. (subscription required)
  5. ↑ Linder, Craig (March 17, 2004). "Hancock Holding Buys Failed Fla. Bank". American Banker. (subscription required)
  6. ↑ "Hancock Bank Completes Ross-King-Walker Acquisition" (Press release). PR Newswire. November 4, 2004.
  7. ↑ "Hancock Bank Closes Acquisition of J. Everett Eaves Inc". Insurance Journal. July 5, 2005.
  8. ↑ "NEW APPLICATIONS RECEIVED AND ACTIONS TAKEN BY THE STATE BANKING DEPARTMENT FOR THE MONTH OF SEPTEMBER 2006" (PDF). Alabama.
  9. ↑ Quillen, Kimberly (December 21, 2009). "Hancock Holding acquires Peoples First Community Bank in Florida". The Times-Picayune.
  10. ↑ "Failed Bank Information for Peoples First Community Bank, Panama City, FL". Federal Deposit Insurance Corporation. December 18, 2009.
  11. ↑ "Hancock Holding Company Completes Whitney Holding Corporation Merger" (Press release). GlobeNewswire. June 5, 2011.
  12. ↑ "Whitney Acquiring Branches, Certain Assets and Liabilities of First NBC Bank from the FDIC" (Press release). GlobeNewswire. April 28, 2017.
  13. ↑ Manning, Margie (May 25, 2018). "Hancock Whitney Bank makes name change official". American City Business Journals.
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