Hancock Holding Company Becomes Accredited Provider of AFP Service Codes™
Standard demonstrates high level of transparency for corporate banking
BETHESDA, Md., March 26, 2014
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
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.
AFP Service Codes™is a trademark of the Association for Financial
Professionals. For more information about bank accreditation, see
www.afponline.org/servicecodes or contact Tom Hunt at 301.907.2862 or
ABOUT HANCOCK HOLDING COMPANY
Helping create opportunities for consumers, businesses, and communities across
a five-state Gulf South footprint, Hancock Holding Company (Nasdaq:HBHC)
operates Hancock Bank in Mississippi, Alabama, and Florida and Whitney Bank in
Louisiana and Texas. The company's comprehensive regional network of financial
services includes traditional and online banking; commercial and energy
banking; small business banking; trust and investments; corporate trust
services; insurance; private banking; and mortgage services. Both founded more
than a century ago to help people achieve their financial goals and dreams,
Hancock Bank and Whitney Bank consistently rank among America's strongest,
safest financial institutions, according to BauerFinancial, Inc. More
information and online banking services are available at www.hancockbank.com
ABOUT AFP® (www.afponline.org)
Headquartered outside Washington, D.C., the Association for Financial
Professionals (AFP) is the professional society that represents finance
executives globally. AFP established and administers the Certified Treasury
Professional and Certified Corporate FP&A Professional credentials, which set
standards of excellence in finance. The quarterly AFP Corporate Cash
Indicators serve as a bellwether of economic growth. The AFP Annual Conference
is the largest networking event for corporate finance professionals in the
AFP, Association for Financial Professionals, Certified Treasury Professional,
and Certified Corporate Financial Planning & Analysis Professional are
registered trademarks of the Association for Financial Professionals.© 2013
Association for Financial Professionals, Inc. All Rights Reserved.
SOURCE Association for Financial Professionals
Contact: David Johnson, Media Specialist, Association for Financial
Professionals, 301.907.2862, firstname.lastname@example.org
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