Hancock Whitney plans $3.2B Trustmark merger

Hancock Whitney Corporation and Trustmark Corporation have agreed to an approximately $3.2 billion all-stock merger, with Trustmark merging into Hancock Whitney, which will remain the surviving company. The combined Gulf South bank is expected to have about $58 billion in assets and operate across six Southeastern states, bringing together the two Mississippi-headquartered institutions to expand their scale, capabilities and growth opportunities. The merger agreement values Trustmark shares at approximately $54.02 each. The companies expect the deal to close late in the first quarter of 2027, pending regulatory and shareholder approvals and other customary conditions.