Hancock Whitney to acquire One Florida Bank owner in all-cash deal
Hancock Whitney announced a definitive agreement to acquire OFB Bancshares (One Florida Bank) in an all-cash transaction. The deal adds a new Orlando-area footprint and is expected to close in Q3 2026, with management saying it will be immediately accretive to GAAP EPS excluding one-time costs.
1. What happened today
On May 15, 2026, Hancock Whitney entered a definitive agreement to acquire OFB Bancshares, the parent of One Florida Bank, in an all-cash transaction. One Florida Bank operates six offices in Florida, and the deal is positioned as an expansion into the Orlando market. (marketscreener.com)
2. Key deal terms disclosed
The target reported (as of March 31, 2026) total assets of about $2.1 billion, total loans of about $1.7 billion, and total deposits of about $1.9 billion. The transaction is expected to close in the third quarter of 2026, subject to customary conditions including regulatory approvals and OFB shareholder approval, and is expected to be immediately accretive to GAAP EPS excluding one-time costs. (marketscreener.com)
3. Why the stock may be moving
Bank acquirers can trade down on announcement due to near-term uncertainty around integration, execution risk, and deal economics (including purchase price, marks, and expected cost saves) even when management highlights strategic expansion and accretion. With the acquisition announcement released during U.S. market hours, it qualifies as a same-day, concrete catalyst. (marketscreener.com)