Hancock Whitney to acquire OFB Bancshares for $29.273 per share in cash

HANCOCK WHITNEY CORP

OFB Bancshares shareholders representing ~23% of shares committed to vote in favor.
Transaction subject to regulatory approvals from Federal Reserve, FDIC, and state regulators.
Termination fee of $15 million payable by OFB under certain circumstances.
One Florida Bank will merge into Hancock Whitney Bank post-closing.
Deal expands Hancock Whitney's presence in Florida.

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