News

Fed Terminates Enforcement Action Against HCSB Financial

  • Posted: 03/23/2017
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Copyright © 2017, SNL Financial By Joshua Recamara The Federal Reserve Board on March 21 terminated an enforcement action against Loris, S.C.-based HCSB Financial Corp., according to a March 23 press release. The enforcement action was issued on May 9, 2011, by the Federal Reserve Bank of Richmond. Under the agreement, HCSB needed to submit a cash flow projection for CONTINUE READING >>

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 >>

Suncrest Bank Named to 2017 OTCQX Best 50

  • Posted: 02/2/2017
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VISALIA, Calif.–(PRNewswire)–Suncrest Bank (OTCQX: SBKK) is pleased to announce it has been named to the 2017 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. Suncrest Bank was ranked number 15 on the list. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on CONTINUE READING >>