On January 21, 2025, Hancock Whitney Corporation announced that its wholly owned bank subsidiary, Hancock Whitney Bank, had entered into an agreement to acquire Sabal Trust Company, a non-depository trust company based in St. Petersburg, Florida. The acquisition, aimed at expanding Hancock Whitney's trust and wealth management services, is expected to close in the second quarter of 2025, pending regulatory approvals and customary closing conditions.
The announcement highlights the company's forward-looking approach and its commitment to enhancing financial services for clients. However, it also includes cautionary statements regarding forward-looking risks and uncertainties, including the potential challenges of retaining customers and employees, regulatory approvals, and achieving anticipated synergies.