Hancock Whitney Corporation filed an 8-K with the U.S. Securities and Exchange Commission on August 3, 2026, disclosing the completion of its previously announced mergers with OFB Bancshares, Inc., effective August 1, 2026.

Key Highlights

  • Merger effective date: The mergers were completed effective August 1, 2026.
  • Acquisition target: Hancock Whitney acquired OFB Bancshares, Inc., a Florida corporation.
  • Merger Agreement date: The Agreement and Plan of Merger was dated May 15, 2026.
  • Total cash consideration: OFB Bancshares common stock and stock Options were converted into the right to receive cash in an aggregate of approximately $377.6 million, without interest.
  • Bank Merger: One Florida Bank, OFB Bancshares' wholly owned banking Subsidiary , merged into Hancock Whitney Bank, with Hancock Whitney Bank surviving.
  • Press release: Hancock Whitney issued a press release announcing the completion on August 3, 2026.

Hancock Whitney Closes Acquisition of OFB Bancshares for Approximately $377.6 Million in Cash

According to the filing, Hancock Whitney Corporation ( Nasdaq : HWC), a Mississippi corporation, completed a series of mergers with OFB Bancshares, Inc. effective August 1, 2026. The transaction was carried out pursuant to an Agreement and Plan of Merger dated May 15, 2026, entered into between Hancock Whitney, OFB Bancshares, and a Wholly Owned Subsidiary of Hancock Whitney identified in the filing as the "Merger Subsidiary."

The filing describes a two-step corporate merger structure. In the first step, OFB Bancshares merged with and into the Merger Subsidiary, with OFB Bancshares surviving that initial merger. In the second step, OFB Bancshares then merged with and into Hancock Whitney, with Hancock Whitney surviving as the continuing entity. The filing states that immediately following the second merger, One Florida Bank, OFB Bancshares' wholly owned banking subsidiary, merged with and into Hancock Whitney Bank, Hancock Whitney's wholly owned banking subsidiary, with Hancock Whitney Bank continuing as the surviving bank.

The filing discloses that, 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." The 8-K was signed by Michael M. Achary, Chief Financial Officer of Hancock Whitney Corporation, on August 3, 2026. The filing notes that a press release dated August 3, 2026, announcing the completion of the mergers was filed as Exhibit 99.1 and incorporated by reference. The company's 6.25% Subordinated Notes also trade on Nasdaq under the ticker HWCPZ.

What Was Disclosed

Hancock Whitney Corporation reported the completion of its acquisition of OFB Bancshares, Inc. effective August 1, 2026, with total cash consideration of approximately $377.6 million, and the subsequent merger of One Florida Bank into Hancock Whitney Bank.