The Big Easy Bank That Got Swamped

An ambitious New Orleans banker gets in over his head.

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Sources:

• Banc One to Pay $3 Billion In Stock for First Commerce [Bloomberg News]
• FIRST NBC BANK HOLDING COMPANY [S-1]
• First NBC Bank shares rise on first trading day [New Orleans Advocate]
• Driving Forces: Ashton Ryan [New Orleans City Business]
• Inside the Industry: Banking | First NBC Bank [Biz New Orleans]
• First NBC profit inches upward [The Times-Picayune]
• First NBC: Statements not reliable [New Orleans Advocate]
• New Orleans’s Premier Bank, First NBC, Runs Into Problems [WSJ]
• First NBC Bank Co. deemed in 'troubled condition' by Fed [New Orleans Advocate]
• Regulators to review First NBC management, procedures, liquidity [New Orleans Advocate]
• First NBC proposes management shakeup; Ashton Ryan to remain as president but not CEO [New Orleans Advocate]
• Short of an outright sale, First NBC Bank deal 'a big step forward,' but challenges remain [New Orleans Advocate]
• New Orleans' troubled First NBC Bank anticipates further drop in value [New Orleans Advocate]
• First NBC Bank fails, ordered closed; will be absorbed by Whitney Bank [New Orleans Advocate]
• First NBC Bank's parent company files for bankruptcy protection [New Orleans Advocate]
• First NBC Bank Holding Company [8-K]
• Material Loss Review of First