Banking Dive reports that Hancock Whitney plans to buy Trustmark for $3.2 billion. The combined Mississippi-based lender will have $58 billion in assets and about 370 branches across six Southeastern states, according to the source.
This deal brings together two regional banks, increasing their scale and footprint in the Southeast. For senior executives, the move signals further consolidation in US regional banking and raises questions about integration, cost savings, and local market competition.
