Bank failure · LA

First Nbc Bank (New Orleans, LA) — failed April 28, 2017

First Nbc Bank of New Orleans, Louisiana was closed on April 28, 2017 and resolved through a purchase and assumption. Whitney Bank (MS) took over its insured deposits. At failure it held $3.3B in assets and $3.0B in deposits. The FDIC's estimated loss on the failure is $722.1M (21.7% of assets).