WHITNEY HOLDING CORP
425, 2000-09-20
NATIONAL COMMERCIAL BANKS
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             Pursuant to Rule 425 under the Securities Act of 1933

                  Subject Company: Whitney Holding Corporation
                         Commission File No. 000-01026

      Joint Press Release of Whitney Holding Corporation and American Bank

                                 [WHITNEY LOGO]

                           WHITNEY HOLDING CORPORATION

                             228 ST. CHARLES AVENUE

                              NEW ORLEANS, LA 70130

                                  NEWS RELEASE

CONTACT: Thomas L. Callicutt, Jr.                          FOR IMMEDIATE RELEASE
         504/552-4591                                      September 20, 2000

                   WHITNEY TO EXPAND IN HOUSTON, TEXAS MARKET
                            WITH AMERICAN BANK MERGER

         New  Orleans,  Louisiana.  Whitney  Holding  Corporation  (NASDAQ-WTNY)
announced  today that it has  entered  into a  definitive  agreement  to acquire
American Bank in Houston, Texas. American Bank has approximately $280 million in
total assets in six locations in Harris County, principally in downtown Houston,
and one location in Fort Bend County.  Whitney entered the robust Houston market
with the  acquisition of Bank of Houston in February 2000.  Bank of Houston will
be merged into  Whitney  National  Bank,  the  principal  subsidiary  of Whitney
Holding  Corporation,  in October.  American  Bank is also expected to be merged
into Whitney National Bank after its acquisition by Whitney Holding Corporation.

         The  acquisition is structured as a tax-free  exchange of American Bank
common stock for 1,815,000  shares of Whitney Holding  Corporation  common stock
and is subject to certain  conditions,  including  completion  of customary  due
diligence  and approval by  appropriate  regulatory  agencies and American  Bank
shareholders. The acquisition is expected to close in the first quarter of 2001.

         David R. Wilson, Chairman and Chief Executive Officer of American Bank,
said,  "We are  pleased  that  American  Bank will  become an  integral  part of
Whitney's  focused growth in the Houston  market.  We have similar  cultures and
business  philosophies,  which stress personal banking  relationships.  American
Bank's merger with Whitney will serve both its customers and employees well."

         William L. Marks, Chairman and Chief Executive Officer of Whitney said,
"American Bank brings significant customer relationships,  talented relationship
managers  and a number of  strategic  locations  to our efforts to expand in the
vibrant  Houston  market.   We  are  pleased  to  have  such  a  high-performing
organization  join us in our plan to become  among the  mid-tier of banks in the
Houston market. The acquisition of American Bank will more than double Whitney's
deposit market share in Houston."

                                    - MORE -
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         On August  8,  2000,  Whitney  announced  the  pending  acquisition  of
Prattville Financial Services Corporation and its principal subsidiary,  Bank of
Prattville,  Alabama.  On  September  5, 2000,  Whitney  announced  the  pending
acquisition of First  National Bank of Gonzales,  Louisiana.  Both  acquisitions
await  appropriate  regulatory and other  approvals and are expected to close in
the fourth quarter of 2000.

         Whitney Holding  Corporation,  through its banking subsidiaries Whitney
National Bank and Bank of Houston,  has 118 banking  locations in the five-state
Gulf Coast region stretching from Houston,  Texas; across southern Louisiana and
the coastal region of  Mississippi;  to central and south Alabama;  and into the
panhandle of Florida.

                                      -----

     In  connection  with the proposed  acquisition  of American  Bank,  Whitney
intends to file a registration statement, including the related prospectus, with
the Securities  and Exchange  Commission.  WHITNEY URGES  INVESTORS AND AMERICAN
BANK SHAREHOLDERS TO READ THESE DISCLOSURE  DOCUMENTS WHEN THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.  A free copy of these documents
(after they are filed) and other  documents filed by Whitney with the Commission
can be obtained at the  Commission's  web site at  www.sec.gov.  Shareholders of
American Bank and other  investors can request a free copy of the prospectus and
registration  statement (after they are filed) and any other relevant  documents
filed or to be filed  (after they are filed) by  Whitney,  by writing to Whitney
Holding  Corporation,  228 St. Charles Avenue,  New Orleans,  Louisiana,  70130,
Attention: Corporate Secretary.

                                      -----

To the  extent  that  this  press  release  contains  statements  that  are  not
historical facts, they should be considered forward-looking statements.  Various
important   factors  that  might  cause  future  results  to  differ  from  such
forward-looking  statements  are  described in more detail in Whitney's  filings
with the Securities and Exchange Commission.

                                      -----

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