FIRST NBC BANK Failed 2017

NEW ORLEANS, LA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FIRST NBC BANK of NEW ORLEANS, LA was closed on 2017-04-28. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to WHITNEY BANK (GULFPORT, MS). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4092
FDIC Certificate
58302
FDIC FIN
10526
Bank name
FIRST NBC BANK
Location
NEW ORLEANS, LA
Failure date
2017-04-28
FDIC resolution date
2017-04-28
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$753M
Deposits at failure
$3,032M
Assets at failure
$3,326M
Acquiring bank
WHITNEY BANK (GULFPORT, MS)