Hancock Whitney Corp Completes Merger with OFB Bancshares ($377.6M)

What Happened
Hancock Whitney Corporation announced it completed its previously announced mergers with OFB Bancshares, Inc., effective August 1, 2026, under the Merger Agreement dated May 15, 2026. The transaction closed in a multi-step merger process and immediately following the closing OFB’s banking unit, One Florida Bank, merged into Hancock Whitney Bank, with Hancock Whitney Bank continuing as the surviving bank. Hancock Whitney issued a press release on August 3, 2026 (filed as Exhibit 99.1) announcing the completion.

Key Details

• The mergers closed effective August 1, 2026; Merger Agreement dated May 15, 2026.
• OFB Bancshares common stock and stock options were converted into the right to receive cash, without interest, in an aggregate of approximately $377.6 million.
• One Florida Bank merged into Hancock Whitney Bank; Hancock Whitney Bank is the surviving banking entity.
• The company filed an 8-K (Item 8.01) and included a press release as Exhibit 99.1 (filed Aug 3, 2026).

Why It Matters
The filing confirms Hancock Whitney completed its acquisition of OFB Bancshares and integrated OFB’s bank into Hancock Whitney Bank. For investors, this is a material corporate transaction that affects the company’s size and operations in Florida and will be reflected in future financial reports. The $377.6M cash payment is the aggregate consideration for OFB equity at closing.