First NBC Bank, committee asks court to adjourn confirmation hearing

By Caroline Salls

Pittsburgh, Aug. 5 – First NBC Bank Holding Co. and its official committee of unsecured creditors are asking the U.S. Bankruptcy Court for the Eastern District of Louisiana to adjourn the hearing on confirmation of their joint Chapter 11 plan, according to a motion filed Friday.

The company and committee is asking the court to adjourn the hearing for at least two weeks. It is currently scheduled for Wednesday.

According to the motion, “while the general structure of the plan remains intact and the treatment of claims and interests will not change, certain issues have recently been presented to the debtor which now require some changes to the details of the underlying deal structure of the joint plan.”

First NBC said the additional time is needed to finalize those changes and gain approval from affected parties.

First NBC, a New Orleans-based bank holding company, filed bankruptcy on May 11, 2017. The Chapter 11 case number is 17-11213.

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