http://quotes.freerealtime.com/dl/frt/M?IM=quotes&type=Profile&symbol=fnbcq&qm_page=91162


Date Open High Low Close Volume Chg % Chg Adj. Close Trade Val # Trades
12/01/17 0.01 0.0129 0.0081 0.0129 300,690 -0.0021 -14.00% 0.0129 2.73k 10
11/30/17 0.008 0.015 0.008 0.015 113,776 0.002 15.38% 0.015 1.39k 7
11/29/17 0.0085 0.013 0.008 0.013 99,802 0.004 44.44% 0.013 1.08k 19
11/28/17 0.0079 0.009 0.007 0.009 75,443 0.001 12.50% 0.009 650.02 16
11/27/17 0.012 0.018 0.008 0.008 622,933 -0.004 -33.33% 0.008 6.48k 34


http://quotes.freerealtime.com/dl/frt/M?IM=quotes&type=Profile&symbol=fnbcq&qm_page=18247

Share Information :

Outstanding: 19.23m
Float: 18.31m


300,690 + 113,776 + 99,802 + 75,443 + 622,933 = 1,212,644 shares traded in last 5 days ;

Nice volume considering S Outstanding & S Float numbers

IMO

http://quicktake.morningstar.com/StockNet/bonds.aspx?Symbol=JPM&Country=usa

JPM bonds amount outstanding $525.8 Bil (Sept 2017), down from 1.9 trillion (in Jun 2017), debt to assets down only from 13.50% to 13.36%,


when page reloaded, data has changed to 1.8 trillion & 13.36%

Prospectus for:

JPMorgan Chase Capital XXIII Floating Rate Capital Securities, Series W

CUSIP : 48123UAA2

http://files.shareholder.com/downloads/ONE/5654991995x0x809825/08AF9F63-D472-4985-9E15-97BCE03FED27/48123UAA2.pdf

I haven't read the full prospectus, but this prospectus is dated

MAY 18 2007 (before seizure), probably not related

Yes you are right, there is an appeal of the (downloadable) file (appeal) in my post/link

Thanks for sharing

https://docs.justia.com/cases/federal/district-courts/colorado/codce/1:2016cv02475/166098/21

very true, thanks for the reminder Doc

back in 2012 wmih pps went down to close to NET cash a share

we agree no to agree about this

Currently, docket ends at Court Docket: #12432, see

http://www.kccllc.net/wamu/document/list/3853

The document about Brian S. Rosen still in the case is Court Docket: #12418

no document between Court Docket: #12418 and Court Docket: #12432 says he has left, so he is in.

Another way to see it; there is no Counsel to WMILT in the doc you mention
http://www.kccllc.net/wamu/document/0812229171025000000000001 ( Court Docket: #12431 ) but Counsel to WMILT still exists, right?

B.S. Rosen is in IMO

Rosen is still in the case,

Since 09/08/2017, Brian S. Rosen works for a different law firm, Proskauer Rose, but still represents WMILT (i.e. WMILT is now a client of Proskauer Rose, and Rosen is the lead attorney at that firm responsible for the representation of WMILT).

Please see:

http://www.kccllc.net/wamu/document/0812229170908000000000001

Administration of the Trust is not complete, with claims remaining to be reconciled and certain assets remaining to
be collected. Accordingly, the Trust has filed a request with the Internal Revenue Service and will file a
corresponding motion with the Bankruptcy Court to extend the term of the Trust. Such matters remain under
consideration.

[ http://www.kccllc.net/wamu/document/0812229171030000000000001 10/18 ]

thanks RajuSondh1

no problem

GL

Really??, please read :

Interim Dividend Distribution

As of June 30, 2017, the Receiver had approximately $2.76 billion to distribute to holders of claims allowed by the receivership, according to the priorities established in 12 U.S.C. § 1821(d)(11)(A). The most recent receivership balance sheet summary can be found at the following link: (WAMU Quarterly Receivership Balance Sheet Summary). After paying JPMC in full, the Receiver made an interim dividend distribution on September 26, 2017, on all approved senior unsecured claims of the receivership, including the claims of DBNTC, general trade creditors, and the WAMU senior bondholders. This distribution represented approximately 95% of the receivership’s remaining total current assets. The allowed senior unsecured creditors shared equally (on a pro rata basis) in this distribution. The remaining funds in the receivership are expected to be sufficient to cover future expected and potential losses and expenses.
The settlement did not resolve certain claims by the Receiver against JPMC, including the Receiver’s claims against JPMC relating to its alleged participation with other banks in manipulating certain benchmark rates and markets (LIBOR, interest rate swaps, ISDAfix, treasury securities, credit default swaps, and foreign exchange rates). It also preserves all claims of the Receiver against other persons who caused losses to WAMU prior to its failure, including claims relating to restitution orders and all regulatory and supervisory claims of FDIC-C. The Receiver anticipates that it will make a final distribution at a later date. It is unlikely that the Receiver will have sufficient funds to distribute to holders of receivership certificates issued to WAMU subordinate note holders or equity holders.
WAMU, which was the largest failure of an insured depository institution in the history of the FDIC, had $307 billion assets, $188 billion deposits, and over 2,300 branches in fifteen states when it failed. JPMC acquired substantially all of WAMU’s assets from the FDIC, paid about $1.9 billion, and assumed all of the deposits and “substantially all other liabilities” of WAMU. The resolution of WAMU through the P&A Agreement was completed at no cost to the Deposit Insurance Fund.

WAMU Quarterly Receivership Balance Sheet Summary link ( https://www5.fdic.gov/drrip/bal/balancesheet.asp

) not working at this moment

see:


https://www.fdic.gov/bank/individual/failed/wamu-settlement.html

The Receiver anticipates that it will make a final distribution at a later date. It is unlikely that the Receiver will have sufficient funds to distribute to holders of receivership certificates issued to WAMU subordinate note holders or equity holders.

https://www.fdic.gov/bank/individual/failed/wamu-settlement.html

http://www.4-traders.com/FIRST-NBC-BANK-HOLDING-CO-34912586/news/

Date Current Short Previous Short Change % Change From Prev Avg Daily Vol Days To Cover
10/13/2017 310853 637995 -327142 -51.28 87,450 3.55

[ http://otcshortreport.com/company/FNBCQ?index=ocat&action=view ( click on "Equity Short Interest" ) ]

file:///C:/Users/USUARIO/Downloads/gov.uscourts.laeb.185316.95.0.pdf

file:///C:/Users/USUARIO/Downloads/gov.uscourts.laeb.185316.5.0.pdf

file:///C:/Users/USUARIO/Downloads/gov.uscourts.laeb.185316.2.0.pdf

https://www.courtlistener.com/docket/6061278/first-nbc-bank-holding-company/

http://quicktake.morningstar.com/StockNet/bonds.aspx?Symbol=JPM&Country=usa



the link (in which the info about these bonds could be found) is no longer working

Was This Bond offering reported in SEC filings? If not, where can it be found?
Also, where can be found what is this money being used for? Maybe there is a connection with the WMB final payment RON, AZ, LG and others are talking about

TIA

http://www.kccllc.net/wamu/document/0812229170908000000000001

So Brian S. Rosen is no longer working for Weil Gotshal & Manges LLP but still works for the WMI Liquidating Trust

Yes, we do

WMI Liquidating Trust
Next Dollar Analysis - LTI Balance as of June 30, 2017

Remaining Aggregate Distribution Distribution Description LTI Distribution Recipient (1)
Up to $49,353,000 Until LTI holders of Remaining Post-Petition Interest, PIERS and GUC
are paid in full
Remaining Post Petition
Interest Claim -- Senior Floating
20.2%
General Unsecured Claims 2.0%
PIERS CUSIPs 77.8%

http://www.wmitrust.com/wmitrust/document/8817600170728000000000001 17/18

http://otcshortreport.com/company/FNBCQ?index=ocat&action=view

Fletch-42

Could you Please tell me How many dollars per PIERS/H share were paid in last distribution ( http://www.wmitrust.com/wmitrust/document/8817600170130000000000002 )??

TIA

insert-text-here

https://www.sec.gov/Archives/edgar/data/1496631/000149663117000005/dispositionofassetsandothe.htm

Item 2.01. Completion of Acquisition or Disposition of Assets.

On March 10, 2017, First NBC Bank (“FNBC Bank”), the wholly-owned banking subsidiary of First NBC Bank Holding Company (“Company”), pursuant to the previously disclosed Purchase and Assumption Agreement, dated as of December 30, 2016, with Whitney Bank, the wholly-owned banking subsidiary of Hancock Holding Company, completed the disposition of certain loans and other assets to Whitney Bank.
In the transaction, Whitney Bank acquired approximately $1.3 billion in total loans (inclusive of approximately $300 million in previously closed tranches) and 9 branch locations, and assumed approximately $400 million in deposits and approximately $600 million in Federal Home Loan Bank of Dallas borrowings from FNBC Bank. Whitney Bank paid approximately $320 million in total cash in connection with the transaction, including just under $42 million in a transaction premium.

https://www.sec.gov/Archives/edgar/data/1496631/000149663117000011/unregisteredsaleofequityse.htm


Item 3.02.
Unregistered Sales of Equity Securities.

On April 5, 2017, First NBC Bank Holding Company (the “Company”) authorized the issuance of shares of its Series E non-cumulative mandatorily convertible perpetual preferred stock to members of its board of directors in consideration for their direct contribution of an aggregate amount of $1.725 million to fund the most recent interest payment on the Company’s outstanding subordinated debt securities in February 2017. The Series E preferred stock ranks junior to the Company’s outstanding Series D preferred stock and senior to the Company’s common stock with regard to dividends and distributions upon liquidation. Dividends on the Series E preferred stock are payable after September 30, 2018, as, if and when declared by the Company’s board of directors out of funds legally available therefor, at a rate of 5% per annum, in cash or in kind through the issuance of additional shares of Series E preferred stock. The shares of Series E preferred stock will convert automatically into shares of common stock of the Company upon the later to occur of (1) the completion of an equity offering by the Company as a result of which the Company’s bank subsidiary becomes “adequately capitalized” within the meaning of the federal bank regulatory capital rules and (2) the approval by the Company’s shareholders of an amendment to the Company’s articles of incorporation to increase the amount of authorized shares of common stock of the Company to an amount sufficient to permit the conversion of shares of preferred stock of the Company issued in the equity offering, and the conversion will occur at a price per common share equal to the per share price at which common shares are issued in the equity offering. The Series E preferred stock has no voting rights.

https://www.sec.gov/Archives/edgar/data/1496631/000149663117000017/bankruptcy_triggeringevent.htm

Item 1.03. Bankruptcy or Receivership.

On May 11, 2017, the Board of Directors of First NBC Bank Holding Company (“Company”) commenced a voluntary bankruptcy case under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Eastern District of Louisiana. The bankruptcy filing follows the appointment of the Federal Deposit Insurance Corporation as receiver of First NBC Bank, the Company’s wholly-owned subsidiary and principal asset, on April 28, 2017, for which the Company has previously announced that it does not expect any recovery. In its Chapter 11 petition, the Company reported that as of May 10, 2017, the amounts of assets and liabilities reflected on its books and records were estimated to be $6.0 million and $65.0 million, respectively.

http://www.4-traders.com/FIRST-NBC-BANK-HOLDING-CO-34912586/news/First-NBC-Bank-Extension-Approved-The-U-25140026/

http://www.4-traders.com/FIRST-NBC-BANK-HOLDING-CO-34912586/news/Sources-Federal-grand-jury-opens-probe-into-First-NBC-bank-meltdown-exploring-bank-s-dealings-with-25053151/

https://www.bankruptcyobserver.com/bankruptcy-case/FIRST-NBC-BANK-HOLDING

FIRST NBC BANK HOLDING COMPANY Bankruptcy
FIRST NBC BANK HOLDING COMPANY filed a voluntary chapter 11 bankruptcy case. Up to date docket information and all documents are available online.

The case was filed on 05/11/2017 in Louisiana Eastern bankruptcy court; it is identified with case number 17-11213. There are 147 docket items. The docket was last checked on 09-28-2017 at 14:48 GMT.

Access This Case
Online for only
$30.00/month
Statistical Information:
Assets Liabilities Number of Creditors Nature of Business
$1MM - $10MM $50MM - $100MM 1-49 Other

https://www.sec.gov/Archives/edgar/data/1143930/000091205701531093/a2058482zs-3a.htm

Thanks LG for the info,

Do you remember where to find the CAP REMOVAL CLAUSE [on preferred (K;P) shares]?

TIA

https://www.plainsite.org/dockets/moj4ucg7/district-of-columbia-district-court/united-western-bank--v-office-of-the-comptroller-of-the-currency-et-al/

Hi Large,

I cannot thank you enough for your contribution in WaMu and here, THANK YOU SO MUCH ¡¡

I hope nad expect you are right and we are paid, that is what all of we hope and expect

In your opinion, Are these ( 1.9 Trillion ) bonds





(http://quicktake.morningstar.com/stocknet/bonds.aspx?symbol=jpm ) related to purchasing 3 X WAMU (RICO), related to Federal Reserve Balance Sheet Reduction { https://www.federalreserve.gov/newsevents/pressreleases/monetary20170920a.htm : In October, the Committee will initiate the balance sheet normalization program described in the June 2017 Addendum to the Committee's Policy Normalization Principles and Plans } , etc ??

GLTA

PS: sometimes I believe you are Luke Gromen : https://twitter.com/LukeGromen; yep, I know I'm crazy { FDIC-R secondary effects :) }

hi BOB ¡¡

No idea, these (WAMu + United Western) FDIC-R processes are very long, I believe we have to wait, see, research and especially remain calm and patient

{ https://www.fdic.gov/news/news/press/2011/pr11013.html

As of September 30, 2010, United Western Bank had approximately $2.05 billion in total assets and $1.65 billion in total deposits. First-Citizens Bank & Trust Company did not pay the FDIC a premium for the deposits of United Western Bank. In addition to assuming all of the deposits of the failed bank, First-Citizens Bank & Trust Company agreed to purchase essentially all of the assets. }

Every 1% of 1.65Billion is 16,5 Million, so "United Western FDIC-R" is returning cash at a certain "rhythm" (last update 09/13/2017)

https://www.fdic.gov/news/news/press/2011/pr11013.html

As of September 30, 2010, United Western Bank had approximately $2.05 billion in total assets and $1.65 billion in total deposits. First-Citizens Bank & Trust Company did not pay the FDIC a premium for the deposits of United Western Bank. In addition to assuming all of the deposits of the failed bank, First-Citizens Bank & Trust Company agreed to purchase essentially all of the assets.

Is this compatible with this?



Apparently it is ( https://www.fdic.gov/about/contact/directory/ )

GLTA

Hi NewToGame¡¡,
this is the way i see this:

https://www.fdic.gov/bank/individual/failed/unitedwestern.html#dividends


VIII. Priority of Claims

In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:
Depositors
General Unsecured Creditors
Subordinated Debt
Stockholders

So we are still in the Depositors tranche, which in other cases (see Washington Mutual)



was paid in full (only) weeks after the seizure


On the other hand, somehow, The FDIC-R process of United Western has generated monies that have meant payments/"dividends" to the depositors tranche as time has gone