DBRS Assigns Rating of BBB (high) to Whitney National Bank’s Subordinated Debt

Dominion Bond Rating Service (“DBRS”) has today assigned a rating of BBB (high) with Stable trend to the $150,000,000 Subordinated Debt of Whitney National Bank (the “Bank”). The Bank’s senior short- and long-term obligations are rated R-1 (low) and A (low), respectively. All trends are Stable.

The Bank intends to use the proceeds of the subordinated issue for Tier 2 capital and general corporate purposes in the ordinary course of business.

The Bank is the principal operating subsidiary of Whitney Holding Corporation, a diversified financial services holding company headquartered in New Orleans, Louisiana. Whitney Holding Corporation, rated BBB (high) and R-2 (high), reported $10.3 billion in assets at March 31, 2006.

DBRS has published a full report on Whitney Holding Corporation providing additional analytical detail. Click on the link below for the report or contact us at: info@dbrs.com.