NEW ORLEANS, June 10, 2016 (GLOBE NEWSWIRE) -- First NBC Bank Holding Company (“First NBC”) (NASDAQ:FNBC), the holding company for First NBC Bank, announced today that it timely filed with Nasdaq its formal plan to regain compliance with the listing rules of Nasdaq, including its reporting obligations with the Securities and Exchange Commission. Under the plan submitted to Nasdaq, First NBC expects to file its Annual Report on Form 10-K for the year ended December 31, 2015, as well as all subsequently due quarterly reports, within the compliance period permitted by Nasdaq rules. The plan is subject to review and acceptance by Nasdaq. If Nasdaq does not accept First NBC’s plan, First NBC will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
About First NBC Bank Holding Company
First NBC, headquartered in New Orleans, Louisiana, offers a broad range of financial services through its wholly-owned banking subsidiary, First NBC Bank, a Louisiana state non-member bank. First NBC’s primary markets are the New Orleans metropolitan area, the Mississippi Gulf Coast, and the Florida panhandle, which it serves from 39 full service banking offices located throughout its markets and a loan production office in Gulfport, Mississippi.
This release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements do not relate strictly to historical or current facts. Forward-looking statements reflect the current views and estimates of management of First NBC with respect to future economic circumstances, industry conditions, company performance and financial results. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors - many of which are beyond the control of First NBC - could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Among other factors, actual results may differ from those described in forward-looking statements due to Nasdaq’s evaluation of First NBC’s plan to regain compliance; any changes that may occur with respect to the plan during the Nasdaq review process; First NBC's ability to comply with any such approved plan of compliance, to complete the audit of its 2015 consolidated financial statements, to file its Annual Report on Form 10-K for the year ended December 31, 2015 and its Form 10-Q for the period ended March 31, 2016 within the projected timeframes, to maintain listing of its securities on Nasdaq, and to comply with all other listing rules applicable to it; and other factors included in filings made by First NBC with the Securities and Exchange Commission, including those risk factors set forth in First NBC’s Annual Report on Form 10-K for the year ended December 31, 2014. Forward-looking statements speak only as of the date they are made. Copies of First NBC’s reports filed with the SEC are available in the Investor Relations section of First NBC’s website, www.firstnbcbank.com. First NBC undertakes no duty to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made or to reflect the occurrence of unanticipated events.