Hancock Whitney to Acquire Trustmark for $3.20 Billion

Hancock Whitney Corporation (HWC) entered into a merger agreement on November 12, 2026, to acquire Trustmark Corporation (TRMK) for $3.20 billion.

Deal Structure:

Hancock Whitney will issue 0.7463 shares of common stock for each outstanding share of Trustmark common stock, valuing Trustmark at $54.02 per share, representing a premium of 18.57% over the stock’s last close.

Company Profile:

Trustmark is a Mississippi-based bank holding company headquartered in Jackson, providing retail and commercial banking, wealth management, and insurance services to individuals and businesses across Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas.

Hancock Whitney is a Mississippi-based bank holding company headquartered in Gulfport, providing retail and commercial banking, lending, treasury management, wealth management, and investment services to individuals and businesses across Mississippi, Alabama, Florida, Louisiana, and Texas.

Deal Details and Timeline:

Hancock Whitney shareholders will own roughly 65% of the combined company, while Trustmark shareholders will hold the remaining 35%.

The merger will create a leading regional bank in the Gulf South, with about $58 billion in assets and operations across six Southeastern states.

The merger is expected to close late in the first quarter of 2027.

Five members of Trustmark’s Board, including CEO Duane Dewey, will join Hancock Whitney’s Board.

Following the conversion, which is expected to take place in late 2027, Trustmark’s employees and branches will operate under the Hancock Whitney name and brand.

Trustmark has appointed Goldman Sachs as its financial advisor and Covington & Burling, along with Brunini, Grantham, Grower & Hewes, as its legal advisors. Hancock Whitney has appointed Raymond James & Associates as its financial advisor and Wachtell, Lipton, Rosen & Katz as its legal advisor.

Hancock Whitney will pay a multiple of 1.50 times the tangible book value for Trustmark.

Deal Metrics:

For an in-depth look at this M&A transaction, please visit the Deal Metrics page here:
Deal Metrics for the acquisition of Trustmark Corporation (TRMK) by Hancock Whitney Corporation (HWC)

The Deal Metrics page for each merger or acquisition includes:

– A spread history chart of the merger from announcement through eventual completion or failure.
– Every event as the merger progresses through the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
– News and SEC filings.
– A history of deal updates.
– And a whole lot more.

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Editor’s Note: Baranjot Kaur contributed to this article