Hancock Whitney announced that it has entered into a definitive agreement to acquire OFB Bancshares in an all-cash transaction. OFB Bancshares is the parent company of One Florida Bank.
The acquisition advances Hancock Whitney’s long-term growth strategy by expanding its presence into the Orlando market, one of the fastest-growing regions in the U.S. One Florida Bank currently operates five financial centers in the greater Orlando area and one in the Florida Panhandle.
As of March 31, 2026, OFB Bancshares reported consolidated total assets of $2.1 billion, total loans of $1.7 billion, and total deposits of $1.9 billion. Hancock Whitney said the transaction will strengthen its existing branch footprint and establish a more meaningful market presence in Central Florida.
The deal is expected to close during the third quarter of 2026, subject to customary closing conditions, including regulatory approvals and approval by OFB Bancshares shareholders. Hancock Whitney said the acquisition is expected to be immediately accretive to GAAP earnings per share excluding one-time costs and is expected to meet or exceed the company’s internal return thresholds.
Raymond James & Associates, Inc. is serving as financial advisor to Hancock Whitney, while Wachtell, Lipton, Rosen & Katz is acting as legal advisor. Piper Sandler & Co. is serving as financial advisor to OFB Bancshares, while Smith Mackinnon, PA is serving as legal advisor.
KEY QUOTES:
“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. 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.”
John M. Hairston, President and CEO, Hancock Whitney
“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, President and CEO, One Florida Bank
