FIRST NBC BANK HOLDING COMPANY (NASDAQ:FNBC) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

FIRST NBC BANK HOLDING COMPANY (NASDAQ:FNBC) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Story continues below

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.

On March 21, 2017, First NBC Bank Holding Company (the Company)
received a notice (the Notice) from The Nasdaq Stock Market LLC
(Nasdaq) stating that the Company is not in compliance with
NASDAQ Listing Rule 5250(c)(1) because it had not timely filed
its Annual Report on Form 10-K for the year ended December 31,
2016. Nasdaq Listing Rule 5250(c)(1) requires listed companies to
timely file all required periodic financial reports with the
Securities and Exchange Commission (SEC). The Company has
previously reported the receipt of a similar notification from
Nasdaq staff as a result of the delay in the Companys filing of
its Quarterly Report on Form 10-Q for the period ended September
30, 2016.
In response to the prior notification, the Company submitted to
Nasdaq a plan to regain compliance with Nasdaqs listing rules
through the filing of the Companys past due SEC reports, which
plan was accepted by Nasdaq. Under the plan, the Company has
agreed to file all past due SEC reports not later than April 30,
2017.
Item 7.01. Regulation FD Disclosure
On March 27, 2017, the Company issued a press release announcing
its receipt of the Notice. A copy of the press release is
attached as Exhibit 99.1 and is incorporated herein by reference.
As provided in General Instruction B.2 to Form 8-K, the
information furnished in Exhibit 99.1 of this Current Report on
Form 8-K will not be deemed filed for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the Exchange
Act), or otherwise subject to the liabilities of that section,
and such information will not be deemed incorporated by reference
in any filing under the Securities Act of 1933, as amended, or
the Exchange Act, whether made before or after the date hereof,
regardless of any general incorporation language in such filings.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No.
Description
99.1
Press release, dated March 27, 2017, announcing receipt
of non-compliance notice from Nasdaq


About FIRST NBC BANK HOLDING COMPANY (NASDAQ:FNBC)

First NBC Bank Holding Company is a bank holding company. The Company offers a range of financial services through its banking subsidiary, First NBC Bank. The Company operates through community banking segment. It offers financial services to businesses, institutions and individuals in southeastern Louisiana and the Florida panhandle. The Company’s primary focus is on commercial real estate and commercial lending. Its loans include construction loans, commercial real estate loans, consumer real estate loans, commercial and industrial loans, and consumer loans. Its securities portfolio consists primarily of the United States Government agency obligations, mortgage-backed securities, and municipal securities, although the Company also holds corporate bonds. The Company’s primary source of funding for its loans is deposits. Its deposits include noninterest-bearing demand, negotiable order of withdrawal (NOW) accounts, money market accounts, savings deposits and certificates of deposit.

FIRST NBC BANK HOLDING COMPANY (NASDAQ:FNBC) Recent Trading Information

FIRST NBC BANK HOLDING COMPANY (NASDAQ:FNBC) closed its last trading session down -0.05 at 3.85 with 319,453 shares trading hands.

An ad to help with our costs