"Her recognized range of specialized experience will further strengthen our capabilities as the leading Gulf Coast provider of trade and export finance products," said Luis Garza, senior vice president and director of international banking. "The Whitney Bank and Hancock Bank Export Finance Group will allow us to deliver a better, more tailored product to our client base and improve efficiency in a sector where timing can be critical to a transaction's success."
Whitney and Hancock clients now have enhanced access to four core services supporting their export efforts: 1) export credit insurance that allows otherwise ineligible foreign accounts receivable to be used for borrowing proposes; 2) working capital financing for the export of U.S. goods and services; 3) a foreign buyer program that helps American exporters close sales with foreign buyers who need financing; and 4) a letter of credit program insuring letters of credit issued by foreign banks.
"These programs help transform long-shot sales opportunities into closed deals for our clients," Garza added. "Ex-Im Bank is a time-proven U.S. resource that consistently enhances the revenue and growth of American exporters."
Hancock Holding Company is the parent of Whitney Bank in Louisiana and Texas and Hancock Bank in Mississippi, Alabama, and Florida. The company operates more than 250 full-service bank branches and more than 350 ATMs across the Gulf South spanning metropolitan Houston, Texas; south Louisiana; southern Mississippi; southern Alabama; and the Panhandle, northern, and central regions of Florida.More information about Whitney Bank and Hancock Bank is available at www.whitneybank.com and www.hancockbank.com . The Hancock Holding Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2758 The photo is also available at Newscom, www.newscom.com , and via AP PhotoExpress.
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