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re: First NBC Bank

Posted on 8/16/16 at 11:23 am to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37845 posts
Posted on 8/16/16 at 11:23 am to
From public information out there, and included in your link, they are going to restate 2013 and 2014, which is causing also a delay for 2015.

I know they grew very fast through acquisitions and it may be that some of the numbers they used are bad.

The people running that bank are very smart and have success in the banking industry. Quite simply they grew too fast.
Posted by Socrates Johnson
Madisonville
Member since Apr 2012
2198 posts
Posted on 8/16/16 at 11:36 am to
quote:

Quite simply they grew to sell.


FIFY

I don't think Friday's letter helped too much.
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