|07:40 EDT||UCBI||Hancock Holding to acquire $190M in healthcare loans from United Community Banks|
Hancock Holding (HBHC) announced that the bank has signed a purchase agreement to acquire approximately $190M in outstanding healthcare loans from United Community Banks (UCBI) and to assume the current lease of a loan production office, or LPO, in Nashville, Tennessee. In addition, a well-experienced team of four healthcare bankers, from UCB, joined Hancock Bank to expand this line of business. Hancock and Whitney banks currently serve clients in healthcare markets across the Gulf South such as Houston, Texas; Baton Rouge, Louisiana; New Orleans; South Mississippi; Mobile, Alabama; and Pensacola, Tallahassee, Jacksonville and Tampa, Florida. The acquired loans will be included in the company's Q4 financial results. As of June 30, Hancock had $830M in outstanding healthcare loans.