Hancock To Sell 4 Whitney Branches In Houston

GULFPORT, MS (AP) — Hancock Holding Co. says it will sell four Whitney Bank branches in Houston to Community Trust Bank of Ruston, Louisiana.

         Community Trust Bank will acquire $15 million in loans and $135 million in deposits, pending regulatory approval. The sale is expected to close by the end of March.

         No purchase price was disclosed.

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         Hancock is realigning its Houston operations to focus on business customers and selling traditional branches. It says it will open two more business-focused branches in the move.

         Based in Gulfport, Hancock has $19.5 billion in assets, operating as Hancock Bank in Mississippi, Alabama and Florida and as Whitney Bank in Louisiana and Texas.

         Community Trust Bank, a unit of Community Trust Financial Corp., has $3.5 billion in assets, with 36 offices in Louisiana, Texas and Mississippi.

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