Hancock Whitney Corporation agreed on 12 November 2026 to acquire Trustmark Corporation in an all-stock transaction valued at about US$3.2bn, based on Hancock Whitney's closing share price the previous day.
Why Hancock Whitney Corporation is buying Trustmark Corporation
The companies say the merger will create a Gulf South regional bank with greater scale, higher expected profitability, a stronger core deposit franchise and broader product capabilities.
Deal terms and financing
Each Trustmark share will be converted into 0.7463 Hancock Whitney shares. Hancock Whitney shareholders will own about 65% of the combined company and Trustmark shareholders about 35%. Five Trustmark directors, including chief executive Duane Dewey, will join the Hancock Whitney board, and Trustmark branches are expected to convert to the Hancock Whitney name in late 2027.
Regulatory approvals and timing
Completion is expected late in the first quarter of 2027, subject to regulatory approvals, approval by both companies' shareholders and other customary conditions.
