Exhibit 99.1
First NBC Announces Leadership Transition Plan to Strengthen Operations
Separates Roles of Chief Executive Officer and President at First NBC Bank and First NBC Bank Holding
Company
Hermann "Buck" Moyse, III to Serve as Interim Chief Executive Officer; Ashton J. Ryan, Jr. to Continue as
President; Marsha S. Crowle to Serve as Interim Chief Operating Officer
First NBC Board has Initiated Comprehensive Search Process to Identify Permanent Chief Executive
Officer and Chief Operating Officer
NEW ORLEANS, Dec. 6, 2016--First NBC Bank Holding Company (NASDAQ:FNBC) (“First NBC” or “the
company”), announced today a leadership transition plan designed to strengthen the company’s
operations and to best position First NBC for the future. As part of its ongoing review of management
and internal controls, the First NBC Board of Directors has announced its intent, subject to regulatory
approvals, to:
• Separate the roles of Chief Executive Officer and President, with Ashton J. Ryan Jr continuing as
President and a member of the Boards of Directors of First NBC Bank and First NBC Bank Holding
Company;
• Appoint Hermann "Buck" Moyse, III, as Interim Chief Executive Officer of First NBC Bank and
First NBC Bank Holding Company; and
• Appoint Marsha S. Crowle as Interim Chief Operating Officer of First NBC Bank and First NBC
Bank Holding Company. Ms. Crowle will continue to serve as Chief Compliance Officer.
First NBC has a comprehensive search process underway to identify a permanent Chief Executive Officer
and Chief Operating Officer. The search process is led by the Board’s recently formed Structural and
Organizational Committee. First NBC has retained Chrisman & Company, a leading executive search firm,
to assist in the process.
“The leadership transition plan announced today is designed to strengthen First NBC’s operational
foundation as we focus on fortifying the Bank’s capital position and delivering enhanced shareholder
value,” said Shivan Govindan, First NBC's Chairman of the Board. “First NBC is a valuable New Orleans
institution with deep relationships with our customers and the local communities we serve. Thanks to
Ashton and the rest of the management team’s hard work, we believe we have a strong foundation for
success and profitability.”
Mr. Moyse has served as Chairman of the Board of First NBC Bank since September 2016 and as a
director of the Bank since its inception in 2006. Mr. Moyse has more than 35 years of banking
experience having served as an executive officer of two banking institutions and a director or advisory
director of four banking institutions. He began his banking career at City National Bank of Baton Rouge,
where he served in numerous senior executive officer positions, as well as Chairman of the Board.
During this time, he also served as President of the Community Development Corporation of First
Commerce Corp., the $9.4 billion asset parent bank holding company for City National Bank. Upon the
bank’s acquisition by Bank One, Mr. Moyse continued to serve as a senior executive for Bank One’s
Louisiana operations for 12 months. After leaving Bank One, he served as a director and founder of
Alliance Bank of Baton Rouge from 1999 until its acquisition by IBERIABANK in 2004, after which he
served for almost two years as an advisory director of IBERIABANK. Mr. Moyse is a graduate of the
College of Emporia, B.S, and Louisiana State University, M.S.W.
Ms. Crowle has more than 35 years of banking experience and has served as a Senior Executive Vice
President and Chief Compliance Officer of First NBC Bank and First NBC Bank Holding Company, holding
various managerial responsibilities over the Bank’s operations. As Chief Compliance Officer, Ms. Crowle
has overseen bank administrative processes, legal processes, regulatory compliance including BSA and
serving as the primary liaison for all regulatory agencies, as well as bank security, internal audit and
internal controls. Ms. Crowle also served as one of the organizing executives when the Bank opened and
has coordinated the administration of M&A activity and the resulting conversions. Prior to joining First
NBC, Ms. Crowle served for 10 years as a Senior Vice President and Chief Compliance Officer of First
Bank & Trust (New Orleans) and as Compliance Officer while employed for 15 years at Delta Bank.
“Buck and Marsha have been valued members of First NBC, and we appreciate their willingness to step
into these roles on an interim basis,” said Mr. Govindan. “We believe Buck’s significant industry
expertise will provide valuable support to the company and its management team during this important
time in its history. Likewise, I have great confidence that Marsha will help strengthen our operations and
control environment.”
Added Mr. Govindan, “On behalf of the entire First NBC Board, I want to thank Ashton for his leadership
in helping to create New Orleans’ largest locally headquartered financial institution. Ashton is a stalwart
of the community and we are pleased that he will remain an integral member of our expanded
management team, delivering the service our customers have come to expect from First NBC.”
“Building First NBC and serving the people of New Orleans has been a privilege and highlight of my
professional career,” said Mr. Ryan. “I am extremely proud of all that we have accomplished and the
significant role First NBC has played in rebuilding the region after Hurricane Katrina. I intend to shift my
focus to helping First NBC in growing and maintaining its customer relationships, and I am very pleased
to have Buck’s and Marsha’s combined focus dedicated to improving our operational strength. I look
forward to working with Buck and continuing to serve our customers as President. As we begin the
transition to the next chapter in First NBC’s history, I have great confidence in the company and I am
committed to supporting a seamless transition.”
As previously announced, First NBC’s Board of Directors is actively pursuing strategic options to deliver
enhanced shareholder value. First NBC does not intend to comment further unless and until a definitive
transaction is achieved.
About First NBC Bank Holding Company
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 First NBC’s ability to
obtain all applicable regulatory approvals associated with the proposed appointments in a timely
manner, as well as other 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.
First NBC Bank Holding Company
Ashton J. Ryan, Jr., 504-671-3801
President and Chief Executive Officer
aryanjr@firstnbcbank.com
or
Media:
Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Scott Bisang / Matthew Gross
212-355-4449