May 14 - The NASDAQ OMX Group Inc. (Nasdaq: NDAQ) has announced that the trading of First NBC Bank Holding Company (Nasdaq: NBCB) commenced on the NASDAQ Global Select Market May 10, 2013.
First NBC Bank Holding Company is headquartered in New Orleans 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, Miss.
"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.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets including three clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-55 microsecond average speeds with 99.99 percent uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,300 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com.