FOR IMMEDIATE RELEASE
May 20, 2013
GULFPORT, Miss. (May 20, 2013)—Gulfport based Hancock Bank has once again earned high honors as one of the country's most financially sound financial institutions, according to a recent announcement from America's leading bank rating and research agency.
BauerFinancial, Inc., has awarded Hancock Bank a 5-Star Superior rating for the quarter ending December 31, 2012—national recognition affirming the bank's strong capital, asset quality, profitability, proactive risk management, and sound business practices.
Founded in 1899, Hancock Bank has received BauerFinancial, Inc., recommendations (4-Star or 5-Star ratings) for 94 consecutive quarters—more than 23 years.
"By making common-sense business decisions, proactively managing risk, and understanding how people prefer to do business, Hancock Bank has safeguarded the bank's strength and stability through 100-plus years of economic and industry changes. We are again honored that another prestigious organization such as BauerFinancial, Inc., has again recognized our commitment to financial soundness," said Hancock Holding Company President and CEO Carl J. Chaney.
Hancock Holding Company (Nasdaq: HBHC) is the parent company of Hancock Bank in Mississippi, Alabama, and Florida and Whitney Bank in Louisiana and Texas.
"One thing has remained constant: top-performing institutions maintain strong policies, prudent underwriting, and responsible investment. Hancock Bank is a bank in which you can place your trust," commented Karen L. Dorway, president of BauerFinancial, Inc.
BauerFinancial, Inc., Coral Gables, Fla., has reported on and analyzed the performance of U.S. banks and credit unions since 1983. No institution pays BauerFinancial for a rating, nor can any bank choose to be excluded.
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