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Louisiana bank failure is costliest since financial crisis

Regulators on Friday seized New Orleans-based First NBC Bank in the costliest bank failure since the financial crisis, with cleanup costs estimated at $1 billion . The Louisiana Office of Financial Institutions handed the bank to the Federal Deposit Insurance Corp. in the fourth failure of a federally insured bank this year. Hancock Holding Co. of Gulfport, Mississippi, bought $1.6 billion in ...

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Split results for stocks on Syria strike and weak jobs gains

Following a somewhat disappointing jobs report and U.S. missile strikes against Syria, stocks aren’t much changed Friday as investors buy gold and high-dividend stocks and sell banks and other assets. Defense contractors are making substantial gains and the price of oil is rising. KEEPING SCORE: The Standard & Poor’s 500 held steady at 2,356 at noon Eastern time. The Dow ...

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Former Hancock CEO to lead troubled New Orleans bank

The former CEO of Hancock and Whitney banks is taking over the reins of a troubled New Orleans bank. First NBC Bank Holding Co. said Monday that it has named Carl Chaney as CEO, pending regulator approval. Chaney retired from Hancock Holding Co. in 2015 after six years as co-CEO with John Hairston. First NBC is selling nine branches and ...

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