2 Hancock Bank branches in Montgomery to close - WSFA.com Montgomery Alabama news.

2 Hancock Bank branches in Montgomery to close

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Hancock Holding Company, the parent company of Hancock Bank and Whitney Bank, says it will close 40 branches across Alabama, Texas, Louisiana, Mississippi, and Florida by the end of the year.

Four of the affected branches (each Hancock branches) are in Alabama, including two in Montgomery. Those local branches are located on Perry Hill Road and Taylor Road.

The company said in a statement on its website that closing specific branches is "one part of a broad, proactive strategic initiative to enhance efficiencies which sustain that trademark strength and stability and to realign future business models with demographics, client banking habits, and industry trends."

Total closures span the company's entire five-state footprint.

Most of the closures will occur on August 30, 2013 with the remaining closures taking place by December 31.

Affected locations across the five states include branches from the original Hancock Bank branch network, branches acquired in previous mergers, and branches added when Hancock Holding Company acquired Whitney Holding Corporation in 2011.

The company says it has notified clients and associates affected by branch closures. The banks are working directly with clients to minimize inconveniences and relocate accounts as necessary.

Because affected associates can retain jobs through closure dates, they will receive appropriate transition benefits and can apply for other open positions.

The company says estimating job impact is "premature".

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