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

Hi Oich,

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investsen   Friday, 06/19/20 10:13:10 AM
Re: oich post# 2102
Post # of 2117 
Hi Oich,
I looked at the history from the Bankruptcy filing. They claimed around 350+ millions as DTA which is equal to approximately 105 millions in Tax refund that goes to FDIC.

"Additionally, the court expected the First NBC's operating losses for 2017 to exceed $700 million.
Under the terms of the settlement, First NBC Bank Holding Co. can pursue the tax assets without facing a legal challenge by the FDIC.

In exchange, the FDIC is seeking nearly $3.5 million that the bank transferred to its parent company over two months beginning in November 2016, at a time when it was prohibited from doing so under the terms of a consent order that was reached with regulators."

we are all set with FDIC.

I think the numbers $365 million NOL and 147 millions tax credits come from 700+millions of Operating losses for 2017.



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