Whitney Bank sells to Hancock


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  • | 6:24 p.m. December 22, 2010
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  • Tampa Bay-Lakeland
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Whitney Holding Corp. sold to Hancock Holding Co. in an all-stock deal that values Whitney at roughly $1.5 billion. The combined bank will manage $20 billion in assets and $12 billion in loans through a network of 305 branches.

Whitney expanded its presence on the Gulf Coast late last year by installing Eric Obeck as its regional president for the Tampa Bay area. The bank also brought on Tramm Hudson, a Gulf Coast banking veteran, as its Sarasota/Manatee president.

In February, the bank added Chris Pennewill, Jr., chairman of the Manatee Chamber of Commerce, to its staff as a senior vice president.

 

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