OFB Bancshares Acquired by Hancock Whitney | Financial Services M&A Deal

Hancock Whitney has completed the acquisition of OFB Bancshares, a banking business in Florida, for $377.6 million. Hancock Whitney acquisitions include One Florida Bank’s parent, expanding the buyer’s footprint in Orlando and strengthening community banking and commercial lending capabilities. The OFB Bancshares acquisition supports financial services M&A growth through a strategic acquisition priced at 200% of tangible book value. The merger acquisition is a strategic acquisition by a strategic buyer and is expected to close in the third quarter, with the deal valued on an announced basis for financial services deals FL.