Hancock Whitney, whose banking network includes Louisiana, agreed November 12 to acquire Trustmark in a stock transaction valued at approximately $3.2 billion, the companies announced.
The proposed combination would have about $58 billion in assets. Trustmark would merge into Hancock Whitney.
The companies expect closing late in the first quarter of 2027, contingent on regulators, shareholders of both companies and other customary conditions. Trustmark’s conversion to the Hancock Whitney name is expected later, in late 2027.
Trustmark shareholders would receive 0.7463 Hancock Whitney shares for each share they own. The announced valuation uses Hancock Whitney’s November 11 closing share price.