An investigation for long-term investors in shares of First NBC Bank Holding Company was announced concerning possible breaches of fiduciary duties by certain officers and directors at First NBC Bank Holding.
Investors who purchased shares of First NBC Bank Holding Company (NASDAQ:FNBC) and currently hold any of those NASDAQ:FNBC shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain First NBC Bank Holding directors breached their fiduciary duties and caused damage to the company and its shareholders.
On November 17, 2016, First NBC Bank Holding announced that it has entered into a Consent Order with the Federal Deposit Insurance Corporation and the Louisiana Office of Financial Institutions. Under the Consent Order, First NBC Bank Holding has agreed, among other things, to review the bank’s management, its loan review and problem loan identification processes, and its loan portfolio policy and procedures. First NBC Bank Holding also announced that it has received a notification from the Nasdaq Stock Market informing the company that it was not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its quarterly report on Form 10-Q for the period ended September 30, 2016. First NBC Bank Holding has until January 17, 2017 to submit a plan to regain compliance with its reporting obligations.
Those who purchased NASDAQ:FNBC shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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