NEW YORK, May 10, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that the trading of First NBC Bank Holding Company (Nasdaq:NBCB) commenced on the NASDAQ Global Select Market® today, Friday, May 10, 2013.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=18648
First NBC Bank Holding Company is headquartered in New Orleans, Louisiana and offers a broad range of financial services through its wholly-owned subsidiary, First NBC Bank, a Louisiana state non-member bank. Since its inception in 2006, First NBC Bank has become one of the primary lending institutions in the New Orleans metropolitan area and Southeast Louisiana. Founded in the aftermath of Hurricanes Katrina and Rita, First NBC Bank developed a community bank guided by the principles of stability and soundness, long-term banking relationships, responsiveness to customer needs, high-quality service and devotion to the community it serves. First NBC Bank has since expanded to operate 31 full-service branch offices throughout the market and a loan production office in Gulfport, Mississippi.
"Since its foundation, First NBC Bank has made a positive impact on the local economies in New Orleans, Louisiana and Southeast Louisiana," said Nelson Griggs, Senior Vice President, NASDAQ OMX. "Like the more than 270 local and community banks listed on NASDAQ, we are confident that becoming a public company will provide First NBC Bank Holding Company with continuous opportunities to better serve their market. We congratulate First NBC Bank Holding Company on its IPO today, and look forward to an enduring partnership with their management and shareholders in the years to come."
First NBC Bank Holding Company joins some of the world's most progressive and innovative companies by listing on The NASDAQ Stock Market, which is home to more than 550 financial and real estate companies – more than any other U.S. exchange. This year, NASDAQ has welcomed 12 IPOs in the financial sector, including First NBC Bank Holding Company, CyrusOne Inc, HF2 Financial Management and Garrison Capital Inc.
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The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
The photo is also available via AP PhotoExpress.
CONTACT: Jennifer Knapp +1 212 401 8916 Jennifer.Knapp@nasdaqomx.com
Source:The NASDAQ OMX Group, Inc.