11:55 AM EST, 01/21/2025 (MT Newswires) -- Hancock Whitney ( HWC ) said Tuesday that its Hancock Whitney Bank unit agreed to acquire St. Petersburg, Florida-based non-depository trust company Sabal Trust.

Financial terms of the deal weren't disclosed.

The company expects the deal to close in Q2.

Hancock Whitney ( HWC ) shares were up 1.6% in recent trading.

Price: 60.07, Change: +0.97, Percent Change: +1.64