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Get filing alertsHancock Whitney closes $377.6M acquisition of One Florida Bank
Filed August 3, 2026 · Period ending August 1, 2026 · ~1 min read
Key Changes
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Completed acquisition of OFB Bancshares (parent of One Florida Bank) for approximately $377.6 million in cash on August 1, 2026, following merger agreement signed May 15, 2026.
Item 8.01 verify on EDGAR → -
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One Florida Bank merged into Hancock Whitney Bank immediately following parent company merger; systems conversion scheduled for Q4 2026.
Exhibit 99.1 view on EDGAR →
Summary
Hancock Whitney closed its acquisition of OFB Bancshares on August 1, 2026, paying approximately $377.6 million in all-cash consideration to shareholders and option holders. The transaction adds One Florida Bank's operations to Hancock Whitney's footprint through a two-step merger process that concluded with One Florida Bank merging into Hancock Whitney Bank. The deal closed on schedule following the May 2026 announcement, and the systems conversion is planned for Q4 2026.
The all-cash structure is straightforward, with no earn-outs or contingent payments disclosed. The filing confirms execution of a previously announced strategic expansion into Florida's banking market.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Effective August 1, 2026, Hancock Whitney Corporation, a Mississippi corporation (“Hancock Whitney”), completed its previously announced mergers (the “Mergers”) with OFB Bancshares, Inc., a Florida corporation (“OFB Bancshares”), pursuant to an Agreement and Plan of Merger, dated as of May 15, 2026 (the “Merger Agreement”) between Hancock Whitney, OFB Bancshares and a wholly owned subsidiary of Hancock Whitney (the “Merger Subsidiary”).
Hancock Whitney closed its acquisition of OFB Bancshares on August 1, 2026, following the merger agreement signed May 15, 2026. The transaction involved a two-step merger process where OFB Bancshares first merged into a Hancock Whitney subsidiary, then into Hancock Whitney itself. Immediately after, OFB Bancshares' banking subsidiary One Florida Bank merged into Hancock Whitney Bank.
Added in current filing · verify on EDGAR →
Pursuant to the Merger Agreement, at the effective time of the first merger, 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.
Hancock Whitney paid approximately $377.6 million in cash to acquire OFB Bancshares. This all-cash consideration was paid to OFB Bancshares shareholders and stock option holders at closing, with no stock component or earn-out provisions disclosed.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Hancock Whitney Corporation (Nasdaq: HWC) (“Hancock Whitney”), announced earlier today that it has completed the acquisition of OFB Bancshares, Inc. (“OFB Bancshares”), parent company of One Florida Bank, effective August 1, 2026. The transaction was announced on May 15, 2026. The systems conversion is expected to take place in the fourth quarter of 2026.
Hancock Whitney has closed its acquisition of OFB Bancshares, the parent company of One Florida Bank, with an effective date of August 1, 2026. The deal was originally announced in May 2026. The systems conversion, which will integrate One Florida Bank's operations into Hancock Whitney's platforms, is scheduled for the fourth quarter of 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 4, 2026 · How we verify