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Gulf Coast bankers say they were better prepared to handle the onslaught of Hurricane Isaac, which slammed into Louisiana on Wednesday. Bankers are better prepared seven years after Katrina battered the Gulf Coast, learning how to run their banks remotely and keeping plenty of cash on hand.
August 29 -
The ailing Central Progressive Bank in Lacombe, La., may have found its savior on the other side of Lake Pontchartrain.
October 3
First NBC Bank Holdings in New Orleans is looking to sell $100 million worth of shares in its initial public offering.
The $2.8 billion-asset company will offer nearly 4.2 million shares, or 32% of its total equity, at $24 each, it said Friday in a
The underwriters, represented by Keefe, Bruyette & Woods and Sandler O'Neill & Partners, will collectively have the option to buy an additional $15 million worth of shares.
First NBC will use the proceeds to fund organic growth and may consider bank acquisitions, though it has none planned, it said.
First NBC has seen its annual net income steadily rise in the past five years. It made $29.5 million in 2012, an increase of 49% compared to 2011. It has 34 branches and nearly 80% of its loans are in the New Orleans metropolitan area.
