Frederick H. Hancock and his wife Mary E. platted the town of Hancock from land purchased in 1881. They divided the land into town lots, blocks, streets, alleys, railroad and depot ground right away. The land was deeded to the public in January of 1882. The Old Settlers Picnic is the major attraction each year. The celebration is held the weekend closest to August 5th.
Various organizations provide food stands and booths.
The parade is held on Sunday. A Bill Riley talent show is held in the evenings of this two day celebration. The winners advance to the State Fair Bill Riley Talent Show. The United Methodist Church is the only church. It was established in 1872 and used as a rural schoolhouse for many years.