-
First NBC Bank Holding in New Orleans has agreed to buy State Investors Bancorp in New Orleans.
December 31 -
First NBC Bank Holding in New Orleans has delayed the release of its 10-Q, after it discovered an accounting error.
August 13 -
When the hurricane hit the Gulf Coast nearly a decade ago, it brought with it unimaginable destruction. Still, it also allowed the area's banks a chance to work together, connect with clients and work toward a stronger future.
August 24
First NBC Bank Holding in New Orleans has agreed to raise its purchase price for State Investors Bancorp and has delayed the targeted completion date.
The $4.1 billion-asset First NBC had agreed to purchase State Investors for $51 million and will now pay an additional consideration tied to how much longer it takes to close the deal, according to a
First NBC also agreed to pay State Investors a $250,000 termination fee if the deal does not close by Dec. 31, according to a
No reason was given for the postponement.
First NBC earlier this month
The deal has been approved by the boards of both companies, by State Investors' shareholders and by the Louisiana Office of Financial Institutions. It still requires approval from the Federal Deposit Insurance Corp. and the Federal Reserve Board.
