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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.