Hancock Whitney Corp. (HWC), Friday announced that its subsidiary Hancock Whitney Bank has received all regulatory approvals regarding the potential acquisition of Sabal Trust Company, a non-depository trust company.
The acquisition is expected to close on May 2, 2025.
The company expects the acquisition to expand Hancock Whitney Bank's wealth and asset management group within the high-growth Florida market.
In the pre-market hours, Hancock's stock is trading at $53.34, down 0.39 percent on the Nasdaq.
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