This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hancock Holding Company Becomes Accredited Provider Of AFP Service Codes™

Stocks in this article: HBHC

BETHESDA, Md., March 26, 2014 /PRNewswire/ -- The Association for Financial Professionals (AFP) today announced that Hancock Holding Company has become an accredited provider of the AFP Service Codes™ ––the standard that corporate treasury departments use for comparing bank services.

The codes give companies over 1,000 identifiers for a wide range of banking services. Global corporations use the codes to track bank services and to organize, rationalize, and automate their monthly review of account analysis (billing) statements.  

AFP recently updated the codes to include 247 identifiers for banking services that have become more widely adopted in recent years in addition to revisions to over 443 existing codes.

By displaying the AFP codes in corporate account statements, accredited banks demonstrate to their corporate banking partners that they are following the highest global standard of fee reporting and enhanced customer service.

"Corporate treasury staff are resource-constrained and must produce statement analyses in quickly," said Tom Hunt, AFP's director of treasury services.  "By becoming an accredited provider, Hancock Holding Company clearly supports fee transparency and simplification of processes so that treasury teams can devote more time to managing their cash positions."

We are pleased that we are among only a few banks nationwide that have the ability to offer our clients this valuable service," said Kerrie Duvernay, Treasury Products and Services Manager for Hancock Bank and Whitney Bank. "It is an example of our ongoing commitment to providing new services to our business customers that can be used to streamline processes and perform treasury functions efficiently and effectively."

To become accredited, banks submit their service codes for review by AFP and demonstrate compliance with the standard.  Once approved, they receive support from AFP in implementing the codes, reconciling discrepancies, and handling service fee anomalies created by bank mergers or other events.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs