One Florida Bank Acquired by Hancock Whitney | Financial Services M&A Deal

Hancock Whitney has acquired One Florida Bank, a banking business in Florida, for $377.6 million. Hancock Whitney acquisitions will expand the Orlando-area footprint of One Florida Bank, a Florida-based community bank serving local customers with deposits and lending. The Hancock Whitney acquisitions strategy targets growth in central Florida, adding five Orlando-area locations and one in the Florida Panhandle to its existing Gulf Coast presence. The merger acquisition is an all-cash financial services M&A deal and is expected to close in the third quarter, with Hancock Whitney planning to retain One Florida Bank’s president and CEO to lead the combined Orlando, Jacksonville, and Panhandle markets.