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November 24, 2011 Once again I have the pleasure of providing an update on the progress of our Company for the third quarter of 2011 and also to provide you with more information on the significant events of the two months after the quarter-end related to our acquisition of Central Progressive Bank (CPB) in an FDIC failed bank transaction.
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August 10, 2011 It is with great pleasure that I provide you with a summary of the financial position and results of operations of our company for the second quarter of 2011. The second quarter has been a period of good progress for the Company and I believe establishes us for future expansion. Moreover, since June 30th, we have continued this progress and substantially increased our ability to increase the value of our company. Some of the highlights of the period since my last letter include...
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June 2, 2011 It is again my pleasure to provide you with a progress report on our Company and its operations for the first quarter of 2011. The first quarter of this year has been a time of significant change in our area. While the nation has remained mixed in an employmentless recovery from the strongest economic slowdown since the Great Depression, the New Orleans area has thrived on a combination of the Katrina recovery construction expenditures and a gangbuster winter tourism season....
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February 22, 2011 It is my pleasure to present you with the financial results of our Company for the year ended December 31, 2010 along with my analysis of those results. Our Company ended 2010 with total assets of $1,461,000,000 and net income of $10,234,000 ($1.19 per share) continuing our strong growth in assets and net income. In fact, our growth was in the 96th percentile among the 322 banks with assets between $1B to $3B. This is quite an accomplishment considering we were only four and one-half years old at December 31, 2010.
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December 6, 2010 It is once again my pleasure to update you on the progress of our Company for the third quarter of 2010. The quarter was marked by a successful stock offering which generated $31,400,000, net of expenses, for the future expansion of First NBC Bank Holding Company. Second, the Board of all three of our entities voted to merge Dryades Savings Bank into First NBC Bank as the result of growth restrictions imposed on Dryades prior to our acquisition and a mandate to reverse consolidations, which made growth plans for Dryades impractical. During the two years we owned Dryades we injected new capital, made great improvements in its asset quality and improved its market competitiveness and its income...
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August 20, 2010 It is my pleasure to provide you with an update of the progress of our Company for the second quarter of 2010. During that period, the country and the world have seen the economic recovery slow substantially and have also seen perhaps the greatest environmental catastrophe in U.S. history with the Horizon deepwater oil well explosion and the resulting oil spill which is unprecedented in world history in size and intensity...
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May 15, 2010 It is with great pleasure that I report on the progress our Company has achieved during the first quarter of 2010. The national economy has now begun the recovery from the deepest recession it has seen since the Great Depression although the recovery remains somewhat fragile with unemployment remaining stubbornly high. Interest rates remain at historically low levels squeezing bank interest margins and bank profitability...
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March 16, 2010 It is with great pleasure that I provide you with an update on our Company as of year-end 2009. During 2009, the Company completed its three year probationary period required for new banks and left denovo status on May 19, 2009. At year-end, the Company had completed its first full 3 years of operations with $1,077,000,000 in assets moving it into fifth place in market share in the New Orleans area. During its brief 3 plus years in existence, our Company has become recognized as a preferred provider of banking services on the south shore of New Orleans...
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November 11, 2009 It is my pleasure to update you on the progress that our Company has made during the third quarter of 2009. It is now evident that the nationwide recession has ended and our U.S. economy has entered into the recovery stage, although a fragile one. Despite the improving stock market and increasing manufacturing and residential construction, the credit markets, in general, and the megabanks, in particular, remain frozen providing the recovering economy with a real challenge to expanding the recovery...
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August 17, 2009 I am pleased to provide you with a summary of the progress which our company has made during the second quarter of 2009. As you are all aware, the national economy continues in the midst of the strongest downturn since the 1981 recession. This recession was initiated by excesses in the credit markets which led to a major crisis among the very largest financial institutions...
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June 08, 2009 I am happy to report to you on the progress our Company has made in the first quarter of 2009. Despite the significant upheaval in the nation’s economy and financial markets, the New Orleans economy has continued to progress. Unemployment levels in the area remain in the 5.3% range and continue to reflect job creation from the same month of the prior year...
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March 11, 2009 The intervening three months since I last wrote you have certainly been one of the most challenging times in the history of the United States, especially for the financial segment of our economy. Fortunately Louisiana, and especially the New Orleans metro area, has not been significantly affected by the economic turmoil throughout much of the country...
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December 11, 2008
Certainly, the third quarter of 2008 and the intervening two months since then are among the most tumultuous in our country’s history. I am very pleased to inform you that our Company has continued to grow and have success despite two hurricanes and the economic meltdown among the investment banking industry and the credit freeze initiated by the nation’s largest commercial banks...
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August 20, 2008
The second quarter of 2008 has been a very active and productive quarter for our Company. We are excited about the progress our Company has made during its second full year of operation (May 19, 2007 to May 19, 2008). Our second anniversary marked the completion of two significant acquisitions as well as continued internal growth...
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January 17, 2008 I am pleased to present an update on the progress of First NBC Bank. There have been a number of events which provide the opportunity for the bank to continue its rapid growth and expansion. We expect the future to continue to show significant returns and we will continue to offer quality customer service...
------------------------------------------------------------------------------------------------------------- May 28, 2006
Welcome.
First NBC Bank is a newly established state chartered
bank headquartered in New Orleans, Louisiana. Our main
office is located in the historic First NBC building
in the heart of the New Orleans Central Business District
at 210 Baronne Street...
