First NBC Bank, originally chartered in 1972 as First National Bank of Commerce, was a New Orleans–based commercial bank offering a full suite of financial services to corporate and retail clients. At its peak, the institution maintained a network of more than 40 branches across Louisiana and Texas, providing core deposit accounts, commercial lending, mortgage financing, and treasury management solutions. Its product portfolio also included equipment leasing, cash management, and merchant services tailored to small- and mid-sized businesses.
The bank expanded its regional presence through targeted acquisitions and organic growth initiatives, notably entering the Texas market in the mid-2010s to serve energy and service-sector enterprises. In addition to traditional banking products, First NBC Bank delivered private banking and wealth management services, encompassing investment advisory, trust administration, and estate planning through its dedicated Private Bank division. This focus on high-net-worth clients complemented its broader commercial banking activities.
Headquartered in New Orleans, First NBC Bank maintained an active role in community development, sponsoring local revitalization projects and supporting affordable housing efforts across its footprint. Under the leadership of CEO Marcus H. Brown and a senior management team with deep experience in commercial banking and risk management, the bank pursued strategies aimed at strengthening client relationships and enhancing its digital banking platforms.
In April 2017, state regulators closed First NBC Bank, and the Federal Deposit Insurance Corporation arranged for IBERIABANK Corporation to assume the bank’s deposits and most assets. While the operating bank ceased independent operations, certain legacy securities continued to trade on the OTC market under the symbol FNBCQ, representing the remaining shareholder interests following the resolution.
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