Struggling First NBC Bank Holding Co. is pursuing strategic options, weighing the possibilities of raising new capital by selling shares or of an outright sale of the bank, according to people familiar with the matter. In October, already battered shares in the New Orleans lender plunged further after it disclosed that regulators deemed it to be in “troubled condition” and restricted its ability to take on debt. While the bank had...

Source: Wall Street Journal November 06, 2016 21:49 UTC