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Started By
Message
re: Whitney Sold to Hancock
Posted on 12/23/10 at 3:10 pm to Poodlebrain
Posted on 12/23/10 at 3:10 pm to Poodlebrain
quote:Now THAT makes a lot of sense!
I've heard that regulators were encouraging Whitney to find a buyer.
I sure hope Hancock included that into the price they are paying. It could turn into a black hole for a long time if they didn't.
0
Posted on 12/23/10 at 3:19 pm to Poodlebrain
quote:Also, it appears Hancock is not a member of the Federal Reserve. At least I can't find it on their website after a quick search.
And Hancock will surrender the national charter and continue to operate under state charters.
Whitney, of course, is required to be a FRB member since they have a national bank charter.
I wonder if Hancock will drop the membership or transfer the share into its name?
Posted on 12/23/10 at 4:43 pm to LSURussian
quote:
Well, if you share JT's values, you could always go after insider information and trade on it without a problem.
You have a truly amazing propensity to:
a)make up shite about me
b)talk about me in in absentia
Posted on 12/23/10 at 6:00 pm to Tiger JJ
quote:If you'll give me your email address, I'll email you every time I write about you. Would that be better?
talk about me in in absentia
Posted on 12/24/10 at 11:50 am to LSURussian
I found it pretty funny that some of the local media reported this as just a merger (no mention of a buyout) and that two local banks merged to make both stronger.
HAHA BS
I work at a bank (not hancock or whitney) near the nola/jp line on veterans. There is a hancock and a whitney here within 150 yards of one another. The whitney is going BYE BYE.
HAHA BS
I work at a bank (not hancock or whitney) near the nola/jp line on veterans. There is a hancock and a whitney here within 150 yards of one another. The whitney is going BYE BYE.
Posted on 12/24/10 at 12:34 pm to Brightside Bengal
The BR paper did not mention the issue of Whitney keeping its name in the La. market. I'm wondering if that was just a propaganda line given to Whitney employees to help keep their morale up.
Posted on 12/25/10 at 11:50 am to LSURussian
quote:
If you'll give me your email address
Pics of me. My email address. Anything else to add to your stalker's smorgasbord? Maybe Santa will just cut to the chase and bring you that blowup doll of me you've been pining for?
Posted on 12/25/10 at 12:11 pm to Tiger JJ
Merry Christmas, JT. 
ETA: BTW, you were mentioned in my thread on the O-T. I didn't bring up your name, for the record. I'll try to alert you whenever I see you mentioned in a thread.
ETA: BTW, you were mentioned in my thread on the O-T. I didn't bring up your name, for the record. I'll try to alert you whenever I see you mentioned in a thread.
This post was edited on 12/25/10 at 12:19 pm
Posted on 12/25/10 at 9:03 pm to Brightside Bengal
What makes you say the Whitney is going
Posted on 12/26/10 at 9:43 pm to LSURussian
quote:
The BR paper did not mention the issue of Whitney keeping its name in the La. market. I'm wondering if that was just a propaganda line given to Whitney employees to help keep their morale up.
I wish that were the case, but it isn't. Unless the propaganda was extended beyond Whitney employees to include Hancock employees, the official press release, news outlets in Mississippi, etc.
Posted on 12/26/10 at 9:58 pm to MOT
Interesting. Thanks for the info.
Posted on 12/27/10 at 9:24 am to MOT
Hancock (holding company) moving corporate HQ to New Orleans.
LA and TX will become Whitney. Everything else will become Hancock.
Hancock will prob move Whitney under its LA state charter and be regulated by the state and FDIC for various reasons.
Looks like a huge win for LA in many respects.
LA and TX will become Whitney. Everything else will become Hancock.
Hancock will prob move Whitney under its LA state charter and be regulated by the state and FDIC for various reasons.
Looks like a huge win for LA in many respects.
Posted on 12/27/10 at 10:18 am to Alltheway Tigers!
quote:
Looks like a huge win for LA in many respects.
Explain, please.
Posted on 12/27/10 at 10:32 am to SEC CHAMP
We end up with a bank with ~$20B in assets "headquartered" in the state? If nothing else it removes the uncertainty surrounding Whitney and does it in the best possible way, by keeping it a regional bank instead of a bunch of national branches.
Posted on 12/28/10 at 10:20 pm to kfizzle85
quote:
We end up with a bank with ~$20B in assets "headquartered" in the state?
The " " could be appropriate, as it may just be that in name only.
Posted on 12/29/10 at 8:26 am to Shankopotomus
My commercial banker at Whitney here in Lafayette sent out an email last week about it, then quickly retracted it. His email said Whitney would continue to use the Whitney name in Louisiana. I'm not sure if that is still the case.
Posted on 12/29/10 at 9:32 am to MOT
It may be, I guess that remains to be seen. Regardless, its still a best-case scenario for Louisiana regarding Whitney (sans maybe Iberia buying them).
Posted on 12/31/10 at 10:24 am to kfizzle85
Iberia was talking but Whitney was not listening.
Posted on 12/31/10 at 6:18 pm to Alltheway Tigers!
All public information points to Whitney not really having a choice of whether they wanted to listen or not. Hancock must've just made a better offer.
Posted on 1/2/11 at 9:02 pm to kfizzle85
quote:
All public information points to Whitney not really having a choice of whether they wanted to listen or not. Hancock must've just made a better offer.
Again...Whitney did not listen to Iberia as it already had Hancock.
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