Hancock Holding Company's $175.5 Million Common Stock Offering One of the Best in America Nov 5, 2009 04:17PM

GULFPORT, Miss., Nov. 5, 2009 (GLOBE NEWSWIRE) -- Hancock Holding Company's recent public offering of common stock (Nasdaq: HBHC), which raised approximately $175.5 million in gross proceeds for general corporate purposes and potential growth, was the lowest discount-to-last-sale of any public bank equity raise in the country year to date. Additionally, the discount on Hancock's offering relative to the price of the stock prior to filing was only 2.7 percent in a year where the average discount has been more than 12 percent. Hancock executives stated that the unusually tight discount and high degree of interest in the offering indicates tremendous national market confidence in the strength and stability of 110-year-old Hancock Bank and the four-state region the company serves. "We are very pleased with the overwhelming interest and the results this offering generated. This ranking comes despite headlines about the challenges large national banks face. For 110 years, Hancock Bank ...


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