Short answer
HANCOCK WHITNEY CORP (HWC) filed an 8-K current report with the SEC on May 19, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). Hancock Whitney agreed to acquire OFB Bancshares through a two-step merger, followed by One Florida Bank’s merger into Hancock Whitney Bank.
HANCOCK WHITNEY CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Hancock Whitney agreed to acquire OFB Bancshares through a two-step merger, followed by One Florida Bank’s merger into Hancock Whitney Bank
- OFB shareholders to receive $29.273 cash per share, with stock options cash-settled based on intrinsic value
- Approximately 23% of OFB shares committed to vote for the transaction, strengthening shareholder approval prospects
- Closing requires regulatory approvals from four agencies, OFB shareholder approval, and other customary conditions
- $15 million termination fee payable by OFB under specified circumstances involving alternative acquisition proposals
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