HANCOCK HOLDING COMPANY (NASDAQ:HBHC) Files An 8-K Regulation FD Disclosure
Item 7.01.
banking subsidiary, Whitney Bank (“Whitney”), has received
regulatory approval to acquire approximately $1.3 billion in
loans, 9 branch locations with approximately $500 million in
transaction and savings deposits, and to assume approximately
$600 million in FHLB borrowings from First NBC Bank Holding
Company’s banking subsidiary First NBC Bank (“First NBC”). The
transaction was announced on December 30, 2016. On January 4,
2017 Whitney acquired approximately $160 million of the
identified loans, and on January 27, 2017 Whitney acquired a
second tranche of approximately $100 million of the identified
loans as detailed in the purchase agreement. The transaction is
expected to close March 10, 2017 subject to customary closing
conditions.
furnished hereto as Exhibit 99.1. In accordance with General
Instruction B.2 of this Current Report on Form 8-K, the
information presented in Item 7.01 of this Current Report on Form
8-K and Exhibit 99.1 shall not be deemed to be “filed” for
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, nor shall the information be deemed incorporated by
reference in any filing under the Exchange Act or the Securities
Act of 1933, as amended, except as expressly set forth by
specific reference in such filing.
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Exhibit No.
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Description
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99.1
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Press Release dated February 20, 2017
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About HANCOCK HOLDING COMPANY (NASDAQ:HBHC)
Hancock Holding Company (Hancock) is a financial services company that provides a network of service financial choices to the Gulf South region through its bank subsidiary, Whitney Bank, a Mississippi state bank. The Company operates through overall banking operations segment. Whitney Bank operates under brands, such as Hancock Bank in Mississippi, Alabama and Florida and Whitney Bank in Louisiana and Texas. The Bank operates across the Gulf South region comprising southern Mississippi; southern and central Alabama; southern Louisiana; the northern, central, and panhandle regions of Florida; Houston, Texas, and Nashville, Tennessee. The Bank offers a range of traditional and online community banking services to commercial, small business and retail customers, providing a variety of transaction and savings deposit products, treasury management services, investment brokerage services, secured and unsecured loan products, and letters of credit and similar financial guarantees. HANCOCK HOLDING COMPANY (NASDAQ:HBHC) Recent Trading Information
HANCOCK HOLDING COMPANY (NASDAQ:HBHC) closed its last trading session 00.00 at 46.80 with 438,609 shares trading hands.
