8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

________________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  November 13, 2008

WHITNEY HOLDING CORPORATION

(Exact Name of Registrant as Specified in Charter)

Louisiana	0-1026	72-6017893
(State or Other	(Commission	(IRS Employer
Jurisdiction of	File Number)	Identification No.)
Incorporation)

228 St. Charles Avenue, New Orleans, Louisiana 70130   

(Addresses of Principal Executive Offices, including Zip Code)

(504) 586-7272               

(Registrant’s Telephone Number, including Area Code)

___________________________

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

q	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
q	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
q	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
q	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

-  -

Item 7.01 Regulation FD Disclosure

Whitney Holding Corporation made a presentation to the Sandler O’Neill East Coast Financial Services Conference at the Ritz-Carlton Hotel in Palm Beach, Florida on November 13, 2008, beginning at 1:35 p.m., Eastern Time.  Interested parties may access a live listen-only webcast of the presentation through the Investor Relations section of our website at http://www.whitneybank.com. The presentation will be archived for 90 days following the conference.  A copy of the visual presentation is furnished herewith as Exhibit 99.1.

Item 9.01 Financial Statement and Exhibits.

(d) Exhibits

Exhibit Number	Description
99.1	Visual Presentation by Whitney Holding Corporation to the Sandler O’Neill East Coast Financial Services Conference in Palm Beach, Florida on November 13, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	WHITNEY HOLDING CORPORATION
By:	/s/ Thomas L. Callicutt, Jr._______
	Thomas L. Callicutt, Jr.
	Executive Vice President
	and Chief Financial Officer

Date:  November 13, 2008

-  -

EXHIBIT INDEX

Exhibit Number	Description
99.1	Visual Presentation by Whitney Holding Corporation to the Sandler O’Neill East Coast Financial Services Conference in Palm Beach, Florida on November 13, 2008.

EX-99.1

Ex. 99.1

John C. Hope, III
Chairman & CEO

John M. Turner, Jr.
President

Sandler O’Neill East Coast Financial Services ConferenceNovember 13, 2008
Palm Beach, Florida

John M. Turner, Jr.
President

Forward-Looking Statements

This presentation may include forward-looking statements containing expectations about
future conditions and descriptions of future plans and strategies.

Whitney's ability to accurately predict the effects of future plans or strategies is
inherently limited such that actual results and performance could differ materially from
those set forth in the forward-looking statements.

Factors that could cause actual results to differ from those expressed in the forward-
looking statements are available in Whitney’s filings with the Securities and Exchange
Commission.

Whitney does not intend, and undertakes no obligation, to update or revise any forward-
looking statements, whether as a result of differences in actual results, changes in
assumptions or changes in other factors affecting such statements.

At 9/30/08

A Growing, Diversified Company

•A great New Orleans tradition
since 1883

•One of the premier financial
institutions along the Gulf Coast

•$11 billion in assets

•Over 150 banking locations

•Whitney Bankers --- the key to
creating our unique brand

–Personalized service in
commercial, business and personal
banking

125 Years Strong

•Strong NIM

•Strong balance sheet

•Solid capital position

•Historically strong credit
culture

•Operational resiliency

•Geographic diversification

Earnings Update

3Q08 Earnings

•Net income $7 million

•Earnings per share (diluted) $.11

•Results include:

–$2 million pre-tax or $.02 per share after-tax
for casualty losses and expenses related to
hurricanes Gustav and Ike

–Provision expense of $40.0 million

•Net interest margin, 4.53%

•Fee income down slightly linked-
quarter

•Expense increase, excluding
hurricane-related expenses, mainly
in personnel and occupancy

•NOTE: 3Q07 earnings include
$31.3 million pre-tax, or $.29 per
diluted share after-tax, gain
related to the settlement of
insurance claims from the
hurricanes of 2005

Commercial and Business Banking Focus

•Total loans $8.1 billion

•Commercial portfolio 83%

•Consumer portfolio 17%

•No Indirect portfolio

•Subprime home mortgage
lending has not been part of
strategy

•Minimal Credit Card portfolio

•Oil & gas approximately 11% of
total loans

•SNCs $549 million

•Real Estate portfolio diversified
by geography

At 9/30/08

* Loan growth supported by economic and market conditions in Texas and Louisiana markets

* 8% total loan growth from a year earlier

- 35% growth in Houston

- 9% growth in southwestern LA

- 4% growth in metropolitan New Orleans

As of 9/30/08

Diversified Geographic Loan Growth

3Q08 $8.1B Total Deposits

3Q07 $8.4B Total Deposits

At 9/30/08

Deposits/Funding

•Total deposits are down 4% from a year earlier

–Decreases mainly in higher-cost CDs

•Loan growth is being funded through normal cash flows from the
investment portfolio and short-term borrowings

•Demand deposit accounts, on average, were up compared to the
prior quarter and a year ago

*NIM remains near the top of the peer group

*Active management of loan and deposit pricing

*Liquidity in the deposit base

*Moderately asset-sensitive

+100bp instantaneous change in rates ->4.5% increase in annual net interest income**

- -100bp instantaneous change in rates -> 3.5% decrease in annual net interest income**

*Loan portfolio - 56% variable rate

–(31% tied to Libor; 25% tied to Prime)

*Benefiting from wider Prime/Libor spread

Strong Net Interest Margin

** Change from base case simulation

At 9/30/08

Cost Control and Efficiencies

§Whitney’s strategic focus requires that
we address process inefficiencies and
improve automation in priority areas

§Strategic investments

§Opened new offices

§Offered additional products and services

§Updated technology

§Uncontrollable expenses have and could
impact total expenses

§Hurricane losses and expenses

§Pension plans

§FDIC increased assessments

§Credit collection expenses

§Will continue expense control measures
for the foreseeable future

Asset Quality

Provision For Credit Losses

•3Q08 provision = $40 million

–$25 million for residential-related credits within CRE,
mainly Tampa

–$5 million for downgrades on a couple of C&I credits

–$4 million for increase to unallocated allowance and
adjustments to qualitative factors

–$4 million for consumer and other smaller credit
charge-offs

–$1 million for changes to noncriticized credits

•Prompt identification of problem loans leads to increased level of
downgrades, criticized and nonperforming loans

•Increase of $121 million in criticized during 3Q08

–Special mention credits increased $19 million to $168 million

–Special mention and substandard combined, increased $102 million

•Approximately $58 million from 4 previously uncriticized credit relationships

$s in millions

Prompt Identification of Problem Loans

NPAs are included in total criticized portfolio

Criticized loan portfolio
(by risk rating)

At 9/30/08

•NPAs = $255 million at 9/30/08

–NPLs = $235 million

–ORE = $20 million

•Handful of larger loans can
significantly impact our ratios

•Approximately $57 million of the
increase in the third quarter came from
five previously identified and criticized
real estate-related credits in Florida

•A $13 million previously criticized
Louisiana credit also added to increase

NPLs by geography (at 9/30/08)

Lack of Granularity Continues To Impact Results

Florida Loan Portfolio Facts

•Florida loan portfolio approximately $1.37 billion, or 17% of total
loans

–Approximately $515 million in panhandle

–Approximately $855 million in Tampa Bay area

•CRE portfolio totals $983 million

–Residential construction $57 million

•19% of total FL portfolio is criticized

•$156 million, or 66%, of total nonperforming loans are in Florida

–$102 million in Tampa Bay area

–$54 million in panhandle

At 9/30/08

New Orleans Times-Picayune, October 19, 2008

Parish Merger Complete

Parish Merger Complete

•Merger closed 11/7/08

•Whitney now has 17 northshore locations
and 12.9% proforma market share

•Expect to merge Parish National Bank into
Whitney National Bank before year-end
2008

–Following approval from the OCC

–Upon completion of systems-integration work

–Until that time Parish will operate under its
current name

•Parish had approximately $771 million in
assets, $606 million in loans and $636
million in deposits at 9/30/08

John C. Hope, III
Chairman & CEO

Current Outlook

•The financial industry turmoil has caused all
banks, including Whitney, to refocus short-term
strategies and tactics

•In the short run, our entire industry will be
internally focused on credit, liquidity and capital
concerns

•There are fundamental shifts in our industry that
we must be ready to take advantage of as they
develop

Unusual Times

•These are unprecedented times

–The economy is in recession

–Credit issues have become and will most likely remain
problematic in the near-term

–Downward movement in rates by the Fed

–Deposit runoff

Credit Outlook

•Cannot predict when we may see a turn or
stabilization in the level of problem credits

•Considering a variety of ways to manage
problem assets

•Confidence in our bankers and our processes

Today’s Environment Requires Focus & Discipline

•Credit discipline

•Focus on strategic market
segmentation

•Balance sheet management

•Focus on growing fee income

•Reduction of expenses

•Continued geographic
diversification

•Capital management

New Orleans Times-Picayune, October 19, 2008

Amazing Opportunities Ahead

•There are amazing opportunities
ahead

•We need to be prepared to take
advantage of these opportunities

Strategic Plan Update

•We have re-examined our strategies and believe
that they are still valid and essential to
Whitney’s long-term success

•While we will need to remain flexible and some
of the timetable has shifted because of the
current environment, we are determined not to
lose sight of achieving the initiatives in our
Strategic Plan

Sound Capital Levels

•Company remains well-capitalized

•Recurring financial analysis will be
conducted to determine the optimal
capital structure

•Management is prepared to
reconsider the current quarterly
dividend rate if credit problems
continue to have a significant
adverse impact on Whitney’s
earnings performance

•Parish merger will decrease current
leverage and Tier I ratios between
75-90bps

Company ratios

TARP

•Announced our intent to participate in late October

•Eligible for up to $282 million in capital (excluding Parish)

•Why?

–Allows us to build upon already strong capital levels

–Will provide the flexibility to withstand a deeper and/or longer
recession

–Will allow us to continue to service our customers

–Will provide the ability to capitalize on any strategic
opportunities that may arise

•Charter currently does not allow the Company to issue
preferred stock

–Special shareholders meeting in December

Whitney’s Guiding Principles Will Not Change

•Soundness- This ensures our continuity and
promotes the trust of our customers, shareholders and
communities.

•Profitability - We focus on profitability, since it is not
only a gauge of our success, but ensures that we will
have the capital we need to continue to evolve and
improve in the future.

•Growth - Growth will result when we exercise
leadership and diligently apply sound, profitable
strategies to our local market opportunities.

•Service

•Knowledge

•Relationship-focus

•Friendly

•Community-conscious

John C. Hope, III
Chairman & CEO

John M. Turner, Jr.
President

Sandler O’Neill East Coast Financial Services ConferenceNovember 13, 2008
Palm Beach, Florida