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First NBC receives 15-day stay from Nasdaq, plans to regain compliance

New Orleans-based First NBC Bank Holding Co. received a 15-day stay ofsuspension, running through Oct. 20, from trading on the Nasdaq Global SelectMarket.

The company received the stay after it requested a before the NasdaqListing Qualifications Panel. The hearing is set for Nov. 17.

First NBC expects to regain compliance with the Nasdaq listingrules before the 15-day period expires with the help of filing its Form 10-Qfor June 30 during the time period.

The company's common stock was subject to a tradingsuspension and delisting from the stock market because it had not all of its past-due SECreports by the deadline in its compliance plan.