Divestiture • Financial Services

Whitney Holding Acquires First NBC Bank Holding Co. - Nine Branches

On December 30, 2016, Whitney Holding acquired financial services company First NBC Bank Holding Co. - Nine Branches from First NBC Bank Holding Co.

Acquisition Context
  • This is Whitney Holding’s 3rd transaction in the Financial Services sector.
  • This is Whitney Holding’s 3rd transaction in the United States.
  • This is Whitney Holding’s 2nd transaction in Louisiana.

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M&A Deal Summary

Date December 30, 2016
Target First NBC Bank Holding Co. - Nine Branches
Sector Financial Services
Buyer(s) Whitney Holding
Sellers(s) First NBC Bank Holding Co.
Deal Type Divestiture

Target Company

First NBC Bank Holding Co. - Nine Branches

New Orleans, Louisiana, United States
First NBC Bank Holding Co. - Nine Branches is a provider of financial services in Louisiana.
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Buyer Overview 1

Buyer

Whitney Holding

New Orleans, Louisiana, United States

Category Company
Founded 1883
Sector Financial Services
Employees2,672
DESCRIPTION

Whitney Holding Corp., offers commercial, retail, and international banking services plus brokerage, investment, trust, and mortgage services throughout the Gulf South region.


Deal Context for Buyer #
Overall 3 of 3
Sector: Financial Services 3 of 3
Type: Divestiture 1 of 1
State: Louisiana 2 of 2
Country: United States 3 of 3
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-07 Parish National

Bogalusa, Louisiana, United States

Parish National Corp. is a provider of financial services.

Buy -

Seller Profile 1

SELLER

First NBC Bank Holding Co.

New Orleans, Louisiana, United States

Category Company
Sector Financial Services
DESCRIPTION

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.


Deal Context for Seller #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Divestiture 1 of 1
State: Louisiana 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1