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  6. Castle Creek Capital Invests In First NBC Bank Holding Co.

Investment Summary

Castle Creek Capital Invests In First NBC Bank Holding Co.

On June 29, 2011, asset manager Castle Creek Capital invested in financial services company First NBC Bank Holding Co.

Investment Highlights
  • This is Castle Creek Capital’s 12th transaction in the Financial Services sector.
  • This is Castle Creek Capital’s 12th transaction in the United States.
  • This is Castle Creek Capital’s 1st transaction in Louisiana.
Investment Fate
  • First NBC Bank Holding Co. went public in 2013.

Investment Summary
Date 2011-06-29
Target First NBC Bank Holding Co.
Sector Financial Services
Investor(s) Castle Creek Capital
Deal Type Venture

Target

First NBC Bank Holding Co.

New Orleans, Louisiana, United States
First NBC Bank, a Louisiana state bank that offers a broad range of financial services. First NBC is primarily focused on serving the needs of privately held businesses, their owner families, executives and professionals with 13 offices located in the parishes of Jefferson and Orleans with total assets of approximately $1.6 billion as of June 30, 2011.

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Investor(S) 1

Investor

Castle Creek Capital

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 750M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Castle Creek Capital is a private investment firm that makes control investments in U.S.-based community banks with less than $10 billion of assets. The firm specializes in operating, recapitalizing and strategically refocusing US based banks. Castle Creek targets smaller, healthier banks that are under-performing or lack critical mass. Castle Creek offers the resources to then implement a roll-up acquisition program. Castle Creek Capital LLC was founded in 1992 and is based in Rancho Santa Fe, California.

DEAL STATS #
Overall 12 of 23
Sector: Financial Services M&A 12 of 22
Type: Venture M&A Deals 1 of 1
State: Louisiana M&A 1 of 2
Country: United States M&A 12 of 23
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-28 State Bancorp

Jericho, New York, United States

State Bancorp, Inc. is the holding company for State Bank of Long Island. In addition to its seventeen branches located in Nassau, Suffolk, Queens and Manhattan, the Bank maintains its corporate headquarters in Jericho. The Bank has built a reputation for providing high-quality personal service to meet the needs of our diverse client base which includes commercial real estate owners and developers, small to middle market businesses, professional service firms, municipalities and consumers.

Sell $222M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 First Merchants

Muncie, Indiana, United States

First Merchants is a financial services holding company. First Merchants provides customers with personal banking, business banking, mortgage lending, cash management services, wealth management, and insurance. First Merchants was founded in 1893 and is based in Muncie, Indiana.

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