GULFPORT, Miss., Nov. 4 /PRNewswire-FirstCall/ -- One of Mississippi's
oldest property and casualty insurance leaders has officially joined the
century-old insurance subsidiary of one of America's strongest, safest
financial institutions and the largest financial services company
headquartered in South Mississippi.
Earlier today, officials representing Hancock Bank and Hattiesburg based
Ross-King-Walker, Inc. (RKW), signed the proverbial dotted lines in an
all-cash transaction finalizing Hancock's acquisition of RKW as a division of
Hancock Insurance Agency. The post-merger entity will retain the trade name
Established in 1902, Hancock Insurance Agency -- an Independent Insurance
Agents & Brokers of America (IIABA) "Best Practices" agency -- is a wholly
owned subsidiary of Hancock Bank. With current revenues of $1.8 million and
21 employees at offices in Hattiesburg, Pascagoula, Meridian, and Columbia,
MS, RKW has provided quality protection for thousands of Gulf South families
and businesses since 1901.
"Both Ross-King-Walker and Hancock Insurance Agency represent some of the
nation's most well-respected carriers. We believe this mutually beneficial
partnership will significantly enhance the spectrum of tailored insurance
options we can offer Hancock's retail and commercial customers and will
provide RKW customers entree to Hancock Bank's comprehensive lines of
financial services choices," said Camors C. "Chris" Roth, CPCU, corporate head
of Hancock Insurance Agency.
Roth and RKW President Charles Leggett, Jr., said they expect to maintain
existing agency teams and operational structure to nurture existing business
relationships and cultivate new growth opportunities.
"This venture is a logical progression toward bringing stronger insurance
resources to Hancock Bank's consumer and commercial customers through RKW's
professional expertise and roster of well-established providers. We can also
introduce RKW customers to Hancock's full array of financial solutions and the
company's 105-year-old legacy of strength, stability, integrity, and service,"
Founded in 1899, Hancock Bank operates 103 full-service offices and more
than 130 automated teller machines throughout South Mississippi, Louisiana,
and the Florida Panhandle. Other bank subsidiaries include Hancock Investment
Services, Inc., Hancock Mortgage Corporation, Magna Insurance Company, and
Harrison Finance Company. Hancock Holding Company (Nasdaq: HBHC) -- the
parent company of Hancock Bank Mississippi, Hancock Bank of Louisiana, and
Hancock Bank of Florida -- has assets of $4.6 billion.
Additional information about RKW is available at www.rosskingwalker.com.
Readers can access Hancock Bank corporate profiles as well as online banking
and bill pay services at www.hancockbank.com.
SOURCE Hancock Holding Company
/CONTACT: Carl J. Chaney, EVP & Chief Financial Officer, +1-228-868-4727,
or +1-800-522-6542, or Paul D. Guichet, VP, Investor Relations,
+1-228-214-5242 or +1-800-522-6542, both of Hancock Bank; or Charles Leggett,
Jr., President of Ross-King-Walker, Inc., +1-601-544-3300, or +1-800-844-7594/
/Web site: http://www.rosskingwalker.com /
/Web site: http://hancockbank.com /
CO: Hancock Holding Company; Ross-King-Walker, Inc.
IN: FIN INS
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3459 11/04/200416:59 ESThttp://www.prnewswire.com