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 NBC Bank [FDIC OIG]
• Ashton Ryan Jr. steps down as president of troubled First NBC Bank [New Orleans]
• Sources: Federal grand jury opens probe into First NBC Bank meltdown, exploring bank's dealings with Gregory St. Angelo [New Orleans Advocate]
• Mandeville land deal involving ex-First NBC head Ashton Ryan subject of grand jury probe [New Orleans]
• Northshore Contractor Charged with Conspiracy to Defraud First NBC Bank [DOJ]
• Bank General Counsel Pleads Guilty To Conspiracy to Defraud First NBC Bank [DOJ]
• New Orleans Business Owner Pleads Guilty to Conspiracy to Defraud First NBC Bank [DOJ]
• Federal regulator sues auditor Ernst & Young for negligence over First NBC collapse [Times-Picayune]
• First NBC's former chief, Ashton Ryan, indicted on bank fraud and conspiracy charges [Times-Picayune]
• Grand Jury Returns Superseding Indictment Charging First NBC Bank Executives And A Borrower With Bank Fraud And False Statements [DOJ]
• In First NBC fraud trial, Mississippi developer says he built 'black hole' of debt with Ryan's help [Times-Picayune]
• 'I was never involved in any conspiracy;' Ashton Ryan takes stand in First NBC Bank fraud trial [Times-Picayune]