The Boards of Directors of First NBC Bank Holding Company and First NBC Bank took action to appoint Chief Executive Officer Carl J. Chaney to serve in the dual capacity as President of the company and Bank, subject to any required regulatory approvals. Mr. Chaney succeeds Ashton J. Ryan, Jr., who had been serving as President of the company and Bank, who resigned his position, effective April 6, 2017. Mr. Ryan will continue to serve the Bank in an advisory capacity. Mr. Ryan also resigned his position on the Boards of Directors of the company and Bank, effective April 6, 2017. The company has announced that it received the non-objection of the Federal Reserve Bank of Atlanta by letter dated March 27, 2017 with respect to the Company's appointment of Carl J. Chaney as Chief Executive Officer of the Company. The Louisiana Office of Financial Institutions and the Federal Deposit Insurance Corporation had previously issued their respective approvals or non-objections with respect to the appointment of Carl J. Chaney as Chief Executive Officer of the Bank. Pending such approvals, Mr. Chaney had been serving in a consulting capacity with the Company and Bank.