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A bank holding company operating banking offices and automated teller machines in Mississippi and Louisiana through two wholly-owned bank subsidiaries, Hancock Bank and Hancock Bank of Louisiana.
While right now, unfortunately, it appears Hancock is suffering from being too defensive in its lending, they have a secure and stolid operation. They are not risk takers, which won't yield greatly in the short term (thank you Katrina), but slow and steady always wins the race. I don't see HBHC dropping much below 35 this quarter, unless another unforeseen disaster strikes, and expect small but steady earnings growth for at least another year before they start lending less reticently. Once they feel they've secured a base, they'll pick up focus on expanding their market of operation. My $.02. What do y'all think?
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