Hancock Whitney Bank completed the acquisition of trust and asset management business of Capital One.

Hancock Whitney Bank, a regional US bank offering comprehensive personal and business financial services across the Gulf South, completed the acquisition of the trust and asset management business of Capital One, the primary banking subsidiary of Capital One Financial Corporation, a financial holding company, offering consumer banking, credit cards, auto loans, and commercial banking services. Financial terms were not disclosed. “This transaction is an excellent strategic fit with our existing Hancock Whitney wealth management group, and illustrates the type of largely in-market, low-risk business deals we prefer under our current M&A strategy. As a complement to our current lines of business for individuals and institutions, we believe Hancock Whitney will have one of the most talented teams of advisors located in wealth management offices across the Gulf South, with the opportunity to help improve our strategic goal of enhancing noninterest income as a percent of revenue,” John M. Hairston, Hancock Whitney President and CEO.