Home > Boards > US OTC > Banking and Finance > First NBC Bank Holding Company (FNBCQ)

Hi Oich,

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investsen   Friday, 06/19/20 12:03:56 AM
Re: oich post# 2099
Post # of 2117 
Hi Oich,
The debtor have settled with FDIC in 2017 and agreed to let FDIC take the tax refund.
In return, Under the terms of the settlement, First NBC Bank Holding Co. can pursue the combined tax assets without facing a legal challenge by the FDIC.

Please correct me if I am wrong. The amended plan discusses about three components

1. tax refund (goes to FDIC)
2. 147 millions in tax credits
3. 365 millions in NOL

is it correct that the 147 millions is not tax refund?.

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