Hancock Holding Co. (HBHC) said that it has acquired the banking operations of Peoples First Community Bank through a loss-sharing agreement with the Federal Deposit Insurance Corp.
Hancock Bank will acquire about $1.8 billion in assets and assume about $1.7 billion in liabilities.
Depositors of Peoples First will automatically become depositors of Hancock Bank, and deposits will continue to be insured by the FDIC. All offices of People First will open under regular business hours on December 19, and December 21, as branches of Hancock Bank.
Hancock Bank said the transaction is immediately accretive to earnings per share and tangible book value per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.