Gulfport, Miss.-based Hancock Whitney Corporation is expanding in Orlando, Fla., by acquiring OFB Bancshares. .Financial terms of the deal were not disclosed. Hancock Whitney is the holding company of Hancock Whitney Bank, while OFB Bancshares is the parent company of One Florida Bank. One Florida Bank has five branches in Greater Orlando, and one in the Florida Panhandle. As of March 31, the bank had $2.1 billion in assets, $1.7 billion in total loans and $1.9 billion in total deposits. As of late January, Hancock Whitney Bank had $35.4 billion in assets, $29.5 billion in deposits and 184 branches in Mississippi, Texas, Louisiana, Florida and Alabama. “Orlando offers attractive demographics, strong economic fundamentals, and meaningful opportunities to deepen client relationships,” said Hancock Whitney President and CEO John M. Hairston. St. Petersburg, Fla.-based Raymond James & Associates is financial advisor to Hancock Whitney, while Wachtell, Lipton, Rosen & Katz, New York City, is legal advisor. Minneapolis-based Piper Sandler & Co. is financial advisor to OFB Bancshares, while Smith Mackinnon, Orlando, is legal advisor.
