Hancock Whitney to acquire OFB Bancshares for $29.273 per share in cash
On May 15, 2026, Hancock Whitney Corporation entered into a merger agreement to acquire OFB Bancshares, Inc., a Florida corporation whose banking subsidiary is One Florida Bank. OFB Bancshares shareholders would receive $29.273 per share in cash, and the transaction requires regulatory approvals and OFB Bancshares shareholder approval before closing. Because the deal is subject to conditions and approvals, its completion and terms remain uncertain for Hancock Whitney shareholders.
Key points
- Cash consideration of $29.273 per OFB Bancshares common share, without interest.
- Termination fee of $15 million payable by OFB Bancshares in certain circumstances tied to alternative business combination proposals.
- Holders of about 23% of OFB Bancshares common stock agreed to vote in favor of the merger agreement.
- Closing requires approval from the Federal Reserve, FDIC, Florida Office of Financial Regulation and Mississippi Department of Banking and Consumer Finance, plus OFB Bancshares shareholder approval.
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.