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Whitney Bank closes acquisition of 9 First NBC Bank branches

  • Posted 03/10/2017
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Copyright © 2017, SNL Financial By Leo Gatdula Whitney Bank completed its acquisition of about $1.3 billion in total loans and nine branches, and assumed about $400 million in deposits and roughly $600 million in Federal Home Loan Bank of Dallas borrowings from First NBC Bank. The total loans acquired include about $300 million in previously closed tranches. Whitney paid CONTINUE READING >>

First NBC Appoints Carl J. Chaney as Chief Executive Officer

  • Posted 02/6/2017
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NEW ORLEANS–(PRNewswire)–First NBC Bank Holding Company (NASDAQ: FNBC) (“First NBC” or “the company”) today announced that its Board of Directors has appointed Carl J. Chaney as Chief Executive Officer, effective upon regulatory approval. Mr. Chaney will succeed Hermann “Buck” Moyse, III, who has served as Interim Chief Executive Officer of First NBC Bank and First NBC Bank Holding Company. Mr. CONTINUE READING >>

First NBC Announces Agreement to Sell Nine Branches and Certain Assets and Liabilities to Whitney Bank

  • Posted 12/30/2016
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NEW ORLEANS–(PRNewswire)–First NBC Bank Holding Company (NASDAQ: FNBC) (“First NBC”) today announced that its bank subsidiary, First NBC Bank, has entered into a definitive purchase agreement with Whitney Bank, the bank subsidiary of Hancock Holding Company (NASDAQ: HBHC) (“Hancock”), under which First NBC Bank will sell approximately $1.3 billion in loans and nine First NBC Bank branches, and Whitney Bank CONTINUE READING >>

Southern National Bancorp of Virginia, Inc. and Eastern Virginia Bankshares, Inc. Announce Transformational Merger of Equals

  • Posted 12/13/2016
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MCLEAN, Va. and RICHMOND, Va.–(PRNewswire)–Southern National Bancorp of Virginia, Inc. (NASDAQ: SONA) (“Southern National”), the holding company of Sonabank, and Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (“Eastern Virginia“), the holding company of EVB, jointly announced today the signing of a definitive agreement to merge.  The combination brings together two banking companies with complementary business lines creating one of the premier CONTINUE READING >>