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Subsequent Event | 3 Months Ended
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Mar. 31, 2017
Subsequent Event [Abstract] |
Subsequent Event | 15. Subsequent Event ﻿ On April 28, 2017, the Company announced that its banking subsidiary, Whitney Bank, entered into a purchase and assumption agreement with the FDIC (“Agreement”), which acted as the receiver for the Louisiana Office of Financial Institutions (“OFI”) following the OFI's determination to close F NBC. Pursuant to the Agreement, Whitney Bank acquired selected assets and liabilities of FNBC from the FDIC. ﻿ Under the A greement, Whitney acquired approximately $1.6 billion in deposits, which were primarily in the form of transaction and savings accounts, and purchased approximately $1.0 billion in cash, securities, loans, and other assets, primarily at book value, for a transaction premium of $35 million. The FDIC made a payment to Whitney Bank of $655 million for the net liabilities assumed. These am ounts are subject to adjustment based upon final settlement with the FDIC pursuant to the A greement. ﻿ Whitney will continue to operate the former FNBC banking premises for a period of time. Whitney will h ave the right for a 90-day period to purchase at fa ir market value any owned F NBC banking premises (and purchase at fair market value certain related assets) a nd will have the right for a 60-day period to assume the leases for any leased premises (and purchase at fair market value certain related assets). ﻿ The terms of the A greement require the FDIC to indemnify Whitney against certain liabilities of FNBC and its affiliates not assumed or otherwise purchased by Whitney. Neither the Company nor Whitney Bank acquired any assets, common stock, preferred stock or debt, or assumed any ot her obligations, of F NBC Bank Holding Company or FNBC.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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