NEW YORK—Covington advised Trustmark Corporation (“Trustmark”) in its entrance into a definitive agreement and plan of merger, pursuant to which Trustmark, parent company of Trustmark Bank, will merge with and into Hancock Whitney Corporation (“Hancock Whitney”), parent company of Hancock Whitney Bank, in an all-stock transaction valued at approximately $3.2 billion.
This merger establishes a premier Gulf South regional bank with approximately $58 billion in assets and a presence across six Southeastern states. The merger is expected to close late in the first quarter of 2027, subject to the receipt of regulatory approvals, approval by Hancock Whitney and Trustmark shareholders and the satisfaction of other customary closing conditions.
Trustmark is a bank holding company headquartered in Jackson, Mississippi, with assets of $19.1 billion as of September 30, 2026. Trustmark trades on the NASDAQ under the symbol “TRMK.” Through its wholly owned subsidiaries, Trustmark operates as a financial services organization providing banking and financial solutions to corporate institutions and individual customers through offices in Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas.
Hancock Whitney offices and financial centers in Mississippi, Alabama, Florida, Louisiana, and Texas offer comprehensive financial products and services, including traditional and online banking; commercial and small business banking; private banking; trust and investment services; healthcare banking; and mortgage services. The company also operates combined loan and deposit production offices in the greater metropolitan areas of Nashville, Tennessee, and, Atlanta, Georgia.
The Covington team included Bruce Bennett, Samantha Kirby, Charlotte May, and William McCurdy (financial services), Laura Bleier, Ethan White, and Amanda Wang (corporate), Michael Francese, Megan Woodford, and Jason Kraynak (employee benefits and executive compensation), Ansgar Simon and Gabrielle Braxton (tax), and Priscilla Combari and Taylor Wells (IP).
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