Bank prices initial public offering at $24 per share

GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public of $24 per share.

The common stock has been approved for listing on the NASDAQ Global Select Market, trading under the symbol “NBCB.” The offering is expected to close May 15.

First NBC operates a loan production office in Gulfport.

Established in 2006, First NBC had assets of approximately $2.8 billion as of March 31, 2013.

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