FDIC Settles $165M Suit Against Defunct La. Bank's Execs

By Emily Enfinger (December 8, 2023, 6:10 PM EST) -- A Louisiana federal judge dismissed a lawsuit in which the Federal Deposit Insurance Corp., acting as the receiver of the defunct First NBC Bank, sought to recover more than $165 million from the bank's leaders and insurers, saying in an order that the parties have settled....

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