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

Hancock Whitney has acquired OFB Bancshares, a banking business in Florida, for $377.6 million. OFB Bancshares operates as an Orlando, FL community bank focused on deposit gathering and lending for local customers, supporting a retail banking franchise in the financial services sector. Hancock Whitney acquisitions in Florida aim to expand commercial and consumer banking capabilities through an add on acquisition of a well-established institution in Orlando. The financial services M&A is structured as an add on acquisition and is part of Hancock Whitney’s strategic acquisition strategy, with the deal status announced and a total consideration reported at $377.6 million.