Hancock Whitney to acquire One Florida Bank in all-cash transaction

Hancock Whitney (HWC), parent company of Hancock Whitney Bank, and OFB Bancshares, parent company of One Florida Bank, announced that they have entered into a definitive agreement whereby Hancock Whitney will acquire OFB Bancshares, in an all-cash transaction. One Florida Bank operates five financial centers in the greater Orlando, Florida, area and one in the Florida Panhandle. As of March 31, 2026, OFB Bancshares, on a consolidated basis, reported total assets of $2.1B, total loans of $1.7B, and total deposits of $1.9B. This acquisition will enhance Hancock Whitney Bank’s existing financial center footprint by establishing meaningful market presence in the Orlando area. The transaction is expected to close in the third quarter of 2026 and is expected to be immediately accretive to GAAP EPS excluding one-time costs and meets or exceeds Hancock Whitney’s minimum thresholds for Internal Rate of Return and Return on Invested Capital.