Hancock Bank of Gulfport, Miss., will acquire property and casualty insurance agency Ross-King-Walker Inc. (RKW) of Hattiesburg, according to company officials. The purchase will be an all-cash transaction and is expected to become effective in the fourth quarter. RKW will retain its name and become an affiliate of Hancock Insurance Agency. It will maintain its existing team and operational structure. RKW, with revenues of $1.75 million, has 23 employees at offices in Hattiesburg, Pascagoula, Meridian and Columbia.
Topics Mergers & Acquisitions
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