AcquisitionsJul 20, 2026, 09:22 AM
Hancock Whitney Gets Approvals for OFB Bancshares Acquisition
AI Summary
Hancock Whitney Corporation announced it received regulatory approval from the Federal Reserve, FDIC, and Mississippi Department of Banking and Consumer Finance for its proposed acquisition of OFB Bancshares, Inc., parent company of One Florida Bank. Additionally, OFB Bancshares shareholders approved the merger agreement. The acquisition, initially announced on May 15, 2026, is expected to close around August 1, 2026, pending customary closing conditions.
Key Highlights
- Received regulatory approval from Federal Reserve, FDIC, and Mississippi Department of Banking and Consumer Finance.
- OFB Bancshares shareholders approved the merger agreement for the acquisition.
- Acquisition involves OFB Bancshares, Inc., parent company of One Florida Bank.
- Proposed acquisition was initially announced on May 15, 2026.
- Expected closing date is on or about August 1, 2026.
- Acquisition remains subject to satisfaction of other customary closing conditions.
Price Impact
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