The $35.1
billion-asset company said in a press release Tuesday that the branches will
close in October. Including 20 locations that were closed earlier in the year, Hancock has reduced its network by about 18% since the end of 2020.
The layoffs represented about 5.5% of the company’s workforce.
Hancock had previously
cut 260 positions after offering a voluntary early retirement program. The
company said the early retirement effort should save it $19 million annually.
Hancock reported
second-quarter earnings of $88.7 million, or a 17% decline from a quarter
earlier. The company lost $117.1 million a year earlier after boosting its
loan-loss provision and shedding $497 million of energy loans
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