TITLE

Hancock's Thwarted Expansion Turns Out to Be Good Timing

AUTHOR(S)
Fajt, Marissa
PUB. DATE
January 2010
SOURCE
American Banker;1/21/2010, Vol. 175 Issue 11, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the bank holding company Hancock Holding Co. of Gulfport, Mississippi. The company is seen as the beneficiary of what had previously appeared to be a disaster, Hurricane Katrina in 2005. The storm forced the company to concentrate its business in its home region to finance reconstruction. As a result, it avoided expansion into regions which were devastated by the collapse of the real estate bubble, and is now in sound financial condition.
ACCESSION #
47712522

 

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