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Hancock Whitney

#2777

Rank

$4.76B

Marketcap

US United States

Country

Hancock Whitney
Leadership team

Mr. Michael M. Achary (Sr. EVP, CFO & Principal Accounting Officer)

Mr. D. Shane Loper (Sr. EVP & COO)

Mr. John M. Hairston (Pres, CEO & Director)

Products/ Services
Banking, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Gulfport, Mississippi, United States
Established
1899
Company Registration
SEC CIK number: 0000750577
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
HWC
Social Media
Overview
Location
Summary
Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It accepts various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts. The company also offers loans products comprising commercial and industrial loans; commercial real estate loans; construction and land development loans; residential mortgages; consumer loans comprising second lien mortgage home loans, home equity lines of credit, and nonresidential consumer purpose loans; revolving credit facilities; and letters of credit and financial guarantees. In addition, it offers investment brokerage and treasury management services, and annuity and life insurance products; and trust and investment management services to retirement plans, corporations, and individuals. Further, the company facilitates investments in new market tax credit activities; and holds various foreclosed assets. The company operates 177 banking locations and 232 automated teller machines primarily in the Gulf south corridor, including southern and central Mississippi; southern and central Alabama; southern, central, and northwest Louisiana; the northern, central, and panhandle regions of Florida; and certain areas of east Texas, including Houston, Beaumont, Dallas, and San Antonio. It also operates a loan production office in Tennessee; and a trust and asset management office in Texas. The company was formerly known as Hancock Holding Company and changed its name to Hancock Whitney Corporation in May 2018. Hancock Whitney Corporation was founded in 1899 and is headquartered in Gulfport, Mississippi.
History

Hancock County Bank was founded in 1899 in Bay 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.On January 8, 1902, the bank opened a branch in Pearlington, Mississippi, followed by a branch in Pass Christian, Mississippi, the popular destination of Northerners fleeing the brutal winters, and of affluent New Orleanians seeking relief from the sweltering heat of the summers.

The Pearlington and Logtown branches were closed after the decline of the lumber industry and the company turned its attention toward Gulfport, Mississippi and Biloxi, Mississippi.

During the Wall Street Crash of 1929, 162 Mississippi banks failed, leaving Gulfport without a bank. Some Gulfport residents were already customers at the Long 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 its domicile to Gulfport and renamed the company Hancock Bank.In 1990, the bank acquired Baton Rouge, Louisiana-based American Bank of Baton Rouge.

In 1994, the bank acquired Washington Bank and Trust Co. of Franklinton, Louisiana for $15 million.In January 1999, the bank acquired American Security Bank based in Ville Platte, Louisiana, raising assets to $3 billion.In 2001, the bank acquired Lamar Bank opening up the south-central Mississippi marketplace and establishing a presence in Hattiesburg, Mississippi.In March 2004, the bank acquired Tallahassee, Florida-based Guaranty National Bank and its 5 branches.In November 2004, the bank acquired the 103-year-old Ross King Walker, Inc., based in Hattiesburg, and in July 2005, the bank acquired J. Everett Eaves, Inc., based in New Orleans, expanding the bank's insurance services.In September 2006, Hancock Bank of Alabama was issued a charter to operate in Alabama.In December 2009, the bank acquired Peoples First Bank of Panama City, Florida after it was seized by the Office of Thrift Supervision after suffering from bank failure.In June 2011, the bank acquired Whitney Holding Corporation.In April 2017, the bank acquired First NBC Bank, which was seized by regulators after suffering from bank failure.In May 2018, the company changed its name to Hancock Whitney Corp.In July 2018, Hancock Whitney acquired the Trust and Asset Management business from Capital One.

In 2019, Hancock Whitney purchased MidSouth Bank.

Mission
Hancock Whitney's mission is to help its customers, communities, and colleagues thrive by providing innovative and comprehensive financial services in an inspiring and respectful environment.
Vision
Hancock Whitney's vision is to be the most admired banking and financial services company in its markets by delivering exceptional experiences every day.
Key Team

Mr. Cecil W. Knight Jr. (Exec. VP & Chief Banking Officer)

Mr. David J. Lundgren Jr., C.F.A., CFA (Chief Investment Officer)

Mr. Joseph S. Exnicios (Sr. Exec. VP)

Ms. Trisha Voltz Carlson (Exec. VP & Investor Relations Mang.)

Ms. Joy Lambert Phillips Esq. (Sr. EVP, Corp. Sec. & Gen. Counsel)

Ms. Cindy S. Collins (Chief Compliance Officer)

Mr. R. Paul Maxwell (VP & Sr. Communications Officer)

Recognition and Awards
Hancock Whitney as been recognized by numerous organizations as a leader in its field. It has been named one of the Top 10 Best Banks to Work For in the U.S. by American Banker Magazine, one of the Top 200 Healthiest Banks in America by DepositAccounts.com, and one of the Most Sustainable Banks in the U.S. by Sustainalytics.
References
Hancock Whitney
Leadership team

Mr. Michael M. Achary (Sr. EVP, CFO & Principal Accounting Officer)

Mr. D. Shane Loper (Sr. EVP & COO)

Mr. John M. Hairston (Pres, CEO & Director)

Products/ Services
Banking, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Gulfport, Mississippi, United States
Established
1899
Company Registration
SEC CIK number: 0000750577
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
HWC
Social Media