 | |
| Company type | Public |
|---|---|
| Nasdaq: HWC S&P 400 component | |
| Industry | Banking |
| Founded | 1899; 127 years ago (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 an Americanbank holding company headquartered inGulfport, Mississippi. It operates 237branches in Mississippi, Alabama, Florida, Louisiana, and Texas. The bank is the official bank of theNew Orleans Saints and 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.
Hancock County Bank was founded in 1899 inBay 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.[3]
During theWall Street crash of 1929, 162 Mississippi banks failed, leaving Gulfport without a bank. Some Gulfport residents were already customers at theLong 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 itsdomicile to Gulfport and renamed the company Hancock Bank.[3]
Hancock Bank acquiredBaton Rouge, Louisiana-based American Bank of Baton Rouge in 1990; Washington Bank and Trust Co. ofFranklinton, Louisiana for $15 million in 1994;[4] and American Security Bank based inVille Platte, Louisiana in 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, Florida after the latter was seized by theOffice of Thrift Supervision after suffering frombank failure.[10][11] In 2011, the bank acquired Whitney Holding Corporation,[12] owner of the New Orleans based Whitney Bank, established in 1883.[13] In 2017, the bank acquired First NBC Bank, which was seized by regulators after suffering from bank failure.[14]
In May 2018, the company changed its name to Hancock Whitney Corp.[15]
In 2018, Hancock Whitney acquired the Trust and Asset Management business from Capital One. In 2019, Hancock Whitney purchased MidSouth Bank.[16]