Hancock Whitney Bank completed the acquisition of 9 branches and certain assets and liabilities of First NBC Bank for $323m.

Hancock Whitney Bank, a regional US bank offering comprehensive personal and business financial services across the Gulf South, completed the acquisition of 9 branches and certain assets and liabilities of First NBC Bank, a New Orleans-based bank, for $323m. “We are pleased to be able to quickly deploy a portion of our recent capital raise to strategically grow our company. The purchase of these assets and liabilities will strengthen our position in Greater New Orleans, where we already enjoy one of the top market share positions, and we expect the transaction will add approximately $26 million of incremental annual earnings once completed,” John M. Hairston, Hancock Whitney President & CEO.