FOR IMMEDIATE RELEASE
May 31, 2013
GULFPORT, Miss. (May 31, 2013) - As announced earlier this month, Hancock Holding Company—parent company of century-old institutions Hancock Bank and Whitney Bank—will close 40 branches across Texas, Louisiana, Mississippi, Alabama, and Florida by the end of the year.
Hancock Bank and Whitney Bank are consistently, consecutively rated among America's strongest, safest banks by BauerFinancial, Inc. Closing specific branches is one part of a broad, proactive strategic initiative to enhance efficiencies which sustain that trademark strength and stability and to realign future business models with demographics, client banking habits, and industry trends.
Total closures span the company's entire five-state footprint. Most closures will occur on August 30, 2013; the remaining, by December 31, 2013. Affected locations across the five states include branches from the original Hancock Bank branch network, branches acquired in previous mergers, and branches added when Hancock Holding Company acquired Whitney Holding Corporation in 2011.
The company has notified clients and associates affected by branch closures. The banks are working directly with clients to minimize inconveniences and relocate accounts as necessary. Because affected associates can retain jobs through closure dates, will receive appropriate transition benefits, and can apply for other open positions, estimating job impact is premature.
For More Information
R. Paul Maxwell
VP, Corporate Communications Director
228.867.8690 or email@example.com
Trisha Voltz Carlson
SVP, Investor Relation Manager
504.299.5208 or firstname.lastname@example.org