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Started By
Message
re: Whitney Sold to Hancock
Posted on 12/22/10 at 10:07 am to Chad504boy
Posted on 12/22/10 at 10:07 am to Chad504boy
quote:When you think about it, that's funny!
fricking hancock
ETA: Please tell us what you think about it....
This post was edited on 12/22/10 at 10:08 am
1
Posted on 12/22/10 at 10:09 am to LSURussian
Whitney will keep its name in La and Tx, not sure but Hancock in La may operate under the Whitney name as well.
Posted on 12/22/10 at 10:11 am to MOT
Too bad I don't own Whitney January 12.50 calls. Wow.
Posted on 12/22/10 at 10:11 am to LSURussian
quote:
Please tell us what you think about it....
Will Hancock be able to give me the cool Saints debit card I just got?
Posted on 12/22/10 at 10:14 am to MOT
quote:I'm sure that is what is being communicated now, but there's not a chance in hell that will happen permanently.
Whitney will keep its name in La and Tx, not sure but Hancock in La may operate under the Whitney name as well.
Posted on 12/22/10 at 10:15 am to Chad504boy
quote:No, you will have to have either an Ole Miss, Miss. State or Southern Miss debit card.....
Will Hancock be able to give me the cool Saints debit card I just got?
Posted on 12/22/10 at 10:17 am to Chad504boy
Re the debit card, probably not.
Posted on 12/22/10 at 10:17 am to LSURussian
quote:
No, you will have to have either an Ole Miss, Miss. State or Southern Miss debit card.....
i'm switching banks. the whitney is outside my office right now and they always have coffee and cookies so i may see...
Posted on 12/22/10 at 10:21 am to LSURussian
I'll let you know in a few minutes, but it deals with the market share in these states as opposed to MS, Al, ad Fl.
Posted on 12/22/10 at 10:30 am to MOT
quote:I'm familiar with that regulatory prohibition against concentration of deposits by any single institution in a market and just having different names on the sign outside doesn't matter. The market share limit is for competitive reasons and for limiting the control of the market by one institution.
but it deals with the market share in these states
Plus, there is no way a combined Whitney + Hancock in Louisiana or Texas would exceed the market share concentration limit, regardless of the name.
Posted on 12/22/10 at 10:46 am to LSURussian
It isn't a regulatory issue. From what I was just told it is just the way they decided to do it due to Whitney having a stronger presence in South La and especially Nola.
Eta: maybe it means the Saints debit cards will not be impacted.
Eta: maybe it means the Saints debit cards will not be impacted.
This post was edited on 12/22/10 at 10:48 am
Posted on 12/22/10 at 10:56 am to TigerTree
Maybe if you define the city limits as Orleans parish. There is definitely at least one branch on Vets. Their website lists 8 branches in greater nola. Hancock has a decent presence here. They are a big sponsor with teh Hornets, Wed @ the Square, etc. Off the top of my head, I can think of 5 friends that work for Hancock.
Posted on 12/22/10 at 10:56 am to MOT
Every time I've heard the story that a bank would keep its name in a market because of its "brand" recognition, it turned out to be only temporary.
They meant for it to be permanent, but eventually the "brand" was transitioned to the new bank's name.
The marketing and administrative costs (forms, loan documents, customer monthly statements, stationery, etc.) for maintaining two separate identities has always trumped the value of the "brand."
Maybe Whitney will be different. We will see.
They meant for it to be permanent, but eventually the "brand" was transitioned to the new bank's name.
The marketing and administrative costs (forms, loan documents, customer monthly statements, stationery, etc.) for maintaining two separate identities has always trumped the value of the "brand."
Maybe Whitney will be different. We will see.
Posted on 12/22/10 at 11:00 am to kfizzle85
One senior banker I know in Baton Rouge was recently offered a pretty high level position with Hancock. She is reluctant to take it because she is concerned that Hancock will be bought soon by a bigger fish and her job will be axed.
This Whitney purchase might delay that possibility, but it won't eliminate it.
This Whitney purchase might delay that possibility, but it won't eliminate it.
Posted on 12/22/10 at 11:02 am to LSURussian
I didn't take a job with Whitney because I didn't want to move to Lafayette or Charlotte.
Posted on 12/22/10 at 11:05 am to kfizzle85
Posted on 12/22/10 at 11:11 am to LSURussian
I hope you're right.
Posted on 12/22/10 at 11:22 am to kingfish25
Regions is the next one to be bought out.
Posted on 12/22/10 at 11:25 am to LSURussian
You mean like Hibernia = Capital One?
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