01/15/2020

Balance of Power

The closure of First NBC Bank Holding Co. in 2017, barely a decade after its founding, remains one of the most expensive bank failures of the post-crisis years. The fast-growing New Orleans-based bank had many of the hallmarks that regulators now associate with bank failures: volatile, high-rate funding; complicated operations; and a board that didn’t push back against a domineering chief executive. In some ways, that final observation came as a surprise. First NBC’s directors and officers had “extensive banking experience” within the New Orleans market, including a board that “exhibited a diverse set of backgrounds and experiences,” according to…

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WRITTEN BY

Kiah Lau Haslett

Banking & Fintech Editor

Kiah Lau Haslett is the Banking & Fintech Editor for Bank Director. Kiah is responsible for editing web content and works with other members of the editorial team to produce articles featured online and published in the magazine. Her areas of focus include bank accounting policy, operations, strategy, and trends in mergers and acquisitions.

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