Hancock Whitney Corporation (Nasdaq:HWC), parent company of Hancock Whitney Bank, announced on Friday that it has entered into a definitive agreement to acquire OFB Bancshares Inc, parent company of One Florida Bank, in an all-cash transaction.

One Florida Bank operates five financial centres in the greater Orlando, Florida area and one in the Florida Panhandle.

As of 31 March 2026, OFB Bancshares Inc reported consolidated total assets of USD2.1bn, total loans of USD1.7bn, and total deposits of USD1.9bn. The acquisition is expected to strengthen Hancock Whitney's financial centre footprint and establish a meaningful presence in the Orlando market.

The transaction is expected to close in the third quarter of 2026 and is projected to be immediately accretive to GAAP earnings per share excluding one-time costs. It is also expected to meet or exceed Hancock Whitney's minimum thresholds for internal rate of return and return on invested capital.

Completion is subject to customary closing conditions, including regulatory approval and approval from OFB Bancshares Inc shareholders.