The parent company of Hancock Whitney Bank is acquiring One Florida Bank in an all-cash transaction.
One Florida Bank, a subsidiary of OFB Bancshares, operates five financial centers in the greater Orlando area and one in the Florida Panhandle. As of March 31, the bank reported total assets of $2.1 billion, total loans of $1.7 billion, and total deposits of $1.9 billion.
The acquisition will enhance Gulfport, Miss.-based Hancock Whitney Bank’s footprint by establishing a meaningful market presence in the Orlando area.
“This transaction represents a significant step in our long-term growth strategy, expanding our footprint into one of the most dynamic and high-growth markets in the country,” John Hairston, president and CEO of Hancock Whitney, said. “Orlando offers attractive demographics, strong economic fundamentals, and meaningful opportunities to deepen client relationships. By combining our scale, capital strength, and product capabilities with the local expertise of this talented team, we believe we are well-positioned to deliver enhanced value to our clients, associates, and shareholders alike.”
The transaction is expected to close in the third quarter of 2026.
“We are proud of the franchise we’ve built in the Orlando market, grounded in strong client relationships and community engagement. Partnering with Hancock Whitney allows us to accelerate that momentum while gaining access to broader resources, expanded capabilities, and a larger platform for growth,” Rick Pullum, resident and CEO of One Florida Bank, said.
The transaction is subject to the satisfaction of certain customary closing conditions including receipt of regulatory and OFB Bancshares shareholder approval.