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Mississippi

Hancock Whitney Agrees to Buy Trustmark

The all-stock deal values Trustmark at roughly $3.2 billion and would create a bank with about $58 billion in assets.

Updated on Nov. 12, 2026 in Financial Services

Photograph of a pale limestone and smoked glass office tower beneath live oak trees on a warm late-afternoon street in the American South.
Hancock Whitney agreed to acquire Trustmark in an all-stock deal valued at about $3.2 billion, creating a bank with roughly $58 billion in assets. AI Illustration. Upload story photo >

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Hancock Whitney has agreed to acquire Trustmark in an all-stock transaction valued at roughly $3.2 billion. The combined bank would hold roughly $58 billion in assets.

Why it matters

The combination strengthens Hancock Whitney's presence across the Southeast and expands its core deposit franchise and growth opportunities. For Mississippi, where both banks are headquartered, it consolidates two major home-state institutions into a larger regional player.

The deal sets an exchange ratio of 0.7463 Hancock Whitney shares per Trustmark share, implying $54.02 per Trustmark share, an 18.6% premium to its last close. Hancock Whitney is projected to gain roughly 7% in 2028 profit per share, though the closing timeline runs to late 2027.

The players

Hancock Whitney

A Gulfport, Mississippi-based regional bank holding company focused on the Gulf South that is acquiring Trustmark in this deal.

Trustmark

A Jackson, Mississippi-based bank holding company whose shareholders will receive Hancock Whitney shares under the agreed exchange ratio.

Raymond James

A financial services firm that advised Hancock Whitney on the transaction.

Goldman Sachs

A global investment bank that advised Trustmark on the transaction.

The details

Hancock Whitney shares fell about 10% in premarket trading after the announcement, while Trustmark shares rose about 5.5% in light volume. Hancock Whitney closed its One Florida Bank acquisition before announcing the Trustmark deal, and Raymond James advised Hancock Whitney while Goldman Sachs advised Trustmark.

Timeline

  1. November 12, 2026: Hancock Whitney announces the agreement to acquire Trustmark.

  2. Late 2027: The Trustmark acquisition is expected to close.

  3. 2028: The deal is projected to boost Hancock Whitney's profit per share by roughly 7%.

Market Landscape

The agreement continues a wave of regional bank consolidation in which mid-sized lenders combine to gain scale against larger national banks. By pairing two Mississippi-headquartered institutions, the deal reinforces a regional strategy of building a Southeastern franchise through acquisition.

Mississippi customers of both banks should expect no immediate change while the deal awaits closing in late 2027. Once combined, customers may see shifts in branch networks and product offerings as the two institutions integrate.

The takeaway

Bank mergers of this size typically take months to integrate, so account holders should watch for official notices from either bank before the late 2027 closing. Keeping an eye on those communications is the most practical way to know how services may change.

What happens next

The Trustmark acquisition is expected to close in late 2027, at which point the combined institution would take effect.

Further reading

For more on the state's lending and banking sector, see Financial Services coverage across Mississippi.

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