At 697 feet and 52 stories, One Shell Square is the city’s tallest building. It’s borne the named One Shell Square since it first opened in 1972. Beginning in 2018, it will be renamed the Hancock-Whitney Center.
Hancock-Whitney Bank is moving 400 employees out of its current 106 year old building at 228 St. Charles Avenue in to One Shell Square, and has purchased the building’s naming rights. Hancock Whitney will also open a bank branch and financial center in the second-story lobby.
“Hancock Holding Co. and Whitney Bank are making a long-term commitment to the local community and economy with this move, and it is a win-win for our city, our clients, and our company,” Whitney Bank President Joe Exnicios said in a statement. “It gives us a more efficient and usable space to provide better services and products, and it gives us room to grow.”
Shell will still occupy 18 floors in the building, but in recent years it cut its local workforce from 2,300 to 1,400. Shell tells CSB that it also upgraded its office space at 701 Poydras Street to create an integrated operations center, which it uses for employees to remotely monitor and support their offshore operations in real time.
Hancock-Whitney Bank hasn’t announced what will do with its current headquarters, but it will most likely be sold to a developer at a later date for redevelopment.
Hertz Investment Group purchased One Shell Square as part of a $416 million deal in 2015.
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