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Friday, 04/28/2017 8:59:28 PM

Friday, April 28, 2017 8:59:28 PM

Post# of 59422
https://www.fdic.gov/news/news/press/2017/pr17034.html
DROPED $2.60 Afters Hours

Press Releases
Whitney Bank, Gulfport, Mississippi, Assumes All Transactional Deposit Accounts of First NBC Bank, New Orleans, Louisiana
FDIC to Mail Checks to Holders of Time Deposit Accounts, Including IRAs and CDs
FOR IMMEDIATE RELEASE
April 28, 2017
Media contact:
In LA: Julianne Breitbeil – (202) 340-2043, jbreitbeil@fdic.gov
In DC: David Barr – (703) 622-4790, dbarr@fdic.gov

First NBC Bank, New Orleans, was closed today by the Louisiana Office of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Whitney Bank, Gulfport, Mississippi. No depositor is losing money as a result of this transaction.

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