Approval of proposal by Whitney Holding Corporation

The following press release was published by the Board of Governors of the Federal Reserve System on Sept. 25, 2008. It is reproduced in full below.

The Federal Reserve Board on Thursday announced its approval of the proposal by Whitney Holding Corporation, New Orleans, Louisiana, to acquire Parish National Corporation, Covington, Louisiana.

Attached is the Board's Order relating to this action.

Source: Board of Governors of the Federal Reserve System