newsfilter
← Latest News
Business Wire·

Hancock Whitney Corporation to Acquire Trustmark Corporation

HWCTRMK
  • Hancock Whitney Corporation & Trustmark Corporation entered a definitive merger agreement where Trustmark will merge into Hancock Whitney in an all-stock transaction valued at approximately $3.2 billion.
  • The combination creates a premier Gulf South regional bank with approximately $58 billion in assets & a presence across six Southeastern states.
  • Both institutions are headquartered in Mississippi & the merged entity aims to deliver improved profitability, strong capital ratios, & expanded resources for high-growth markets.
  • Hancock Whitney shareholders will own approximately 65% of the combined company, while Trustmark shareholders will own approximately 35%.
  • Under the transaction terms, Hancock Whitney will issue 0.7463 shares of common stock for each outstanding share of Trustmark common stock.
  • The merger is expected to be approximately 7% accretive to Hancock Whitney's 2028 estimated earnings per share & dilutive to tangible book value per share with an earn-back period of approximately 2.8 years.
  • Closing is anticipated in the late first quarter of 2027, subject to regulatory approvals, shareholder votes, & other customary conditions.
  • Five Trustmark board members, including CEO Duane Dewey, will join Hancock Whitney's board following the transaction close.
  • Trustmark associates & branches are expected to operate under the Hancock Whitney name & brand upon conversion in late 2027.
  • Raymond James & Associates & Wachtell, Lipton, Rosen & Katz serve as financial & legal advisors to Hancock Whitney, while Goldman Sachs & Co., LLC & Covington & Burling LLP & Brunini, Grantham, Grower & Hewes, PLLC serve as advisors to Trustmark.
  • A conference call to discuss the strategic & financial implications of the transaction is scheduled for Thursday, November 12, 2026, at 8:00 a.m. Central Time.