NEW ORLEANS, Nov. 16, 2016 (GLOBE NEWSWIRE) -- First NBC Bank Holding Company (NASDAQ:FNBC) (“First NBC” or “the company”), announced today the postponement of the company’s 2016 Annual Meeting of Shareholders (the “Annual Meeting”). The Annual Meeting, which was scheduled to be held on Thursday, November 17, 2016 at 11:00 a.m., will be postponed to Thursday, December 8, 2016 at 11:00 a.m. The location for the Annual Meeting will remain at the Renaissance New Orleans Pere Marquette Hotel, located at 817 Common Street, New Orleans, Louisiana 70112 in the 2nd floor ballroom.
The company has determined to postpone the Annual Meeting in order to allow the First NBC Board and management team to continue to explore all strategic options for the company. As previously announced on October 25, 2016, First NBC has engaged independent advisors to explore all strategic options to advance the interests of the company’s shareholders.
No changes have been made to the record date or the matters to be considered at the Annual Meeting, which are presented in the proxy statement and related materials that the company filed with the Securities and Exchange Commission on October 19, 2016 and previously mailed to stockholders of record as of October 7, 2016. Eligible stockholders who have not yet voted by proxy will continue to have an opportunity to do so prior to the meeting date.
First NBC noted that there can be no assurance that the review of strategic options will result in any transaction.
About First NBC Bank Holding Company
First NBC, headquartered in New Orleans, Louisiana, offers a broad range of financial services through its wholly-owned banking subsidiary, First NBC Bank, a Louisiana state non-member bank. First NBC’s primary markets are the New Orleans metropolitan area and the Florida panhandle, which it serves from 39 full service banking offices located throughout its markets.
Forward-Looking Statements
This release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements do not relate strictly to historical or current facts. Forward-looking statements reflect the current views and estimates of management of First NBC with respect to future economic circumstances, industry conditions, company performance and financial results. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors - many of which are beyond the control of First NBC - could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Among other factors, actual results may differ from those described in forward-looking statements due to the factors included in filings made by First NBC with the Securities and Exchange Commission, including those risk factors set forth in First NBC’s Annual Report on Form 10-K for the year ended December 31, 2015. Forward-looking statements speak only as of the date they are made. Copies of First NBC’s reports filed with the SEC are available in the Investor Relations section of First NBC’s website, www.firstnbcbank.com. First NBC undertakes no duty to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made or to reflect the occurrence of unanticipated events.