AcquisitionsAug 3, 2026, 08:46 AM
Hancock Whitney Completes One Florida Bank Acquisition for $377.6M
AI Summary
Hancock Whitney Corporation completed its acquisition of OFB Bancshares, Inc., parent company of One Florida Bank, effective August 1, 2026. The transaction involved a cash consideration of approximately $377.6 million for OFB Bancshares common stock and stock options. A systems conversion for the acquired entity is anticipated in the fourth quarter of 2026.
Key Highlights
- Hancock Whitney completed the acquisition of OFB Bancshares, Inc.
- The acquisition included OFB Bancshares' wholly owned banking subsidiary, One Florida Bank.
- The transaction was effective August 1, 2026.
- Total cash consideration for OFB Bancshares was approximately $377.6 million.
- Systems conversion for the acquired entity is expected in the fourth quarter of 2026.
- The merger was initially announced on May 15, 2026.
Price Impact
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