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re: Whitney Sold to Hancock

Posted on 12/22/10 at 9:42 am to
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 12/22/10 at 9:42 am to
I was surprised by the buyer (and I think they overpaid) but I think its better for the area that it's a local thing, so hopefully we don't lose any/many jobs.
Posted by LSURussian
Member since Feb 2005
126994 posts
Posted on 12/22/10 at 9:47 am to
quote:

so hopefully we don't lose any/many jobs.
Top management in the main office will be eliminated, of course. They don't need two CEO's, two CFO's, two heads of credit, etc. So the number of people axed might be small, but the big salaries will have to go.

But if the other poster is correct and Hancock only has a few branches in N.O., then the bank's branch personnel are pretty safe.
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