First NBC Bank Holding Company and official committee of unsecured creditors jointly filed plan of reorganization with related disclosure statement in the US Bankruptcy Court on April 17, 2019. As per the plan filed, administrative expense claims, fee claims of professionals, ordinary course liabilities, quarterly fees and priority tax claims shall be paid full in cash. Priority NQDC claims of $0.08 million shall be paid full in cash. Allowed general unsecured claims of $66.41 million will get recovery of 6% either in cash from Aggregate Settlement amount or in debt of Senior Debt Instrument with a principal balance equal to Aggregate Settlement amount and Subordinated Instrument with a principal amount equal to the balance of such holder’s Claim. Series D preferred equity will either get cash option of $0.25 million or debt option of $37.94 million of promissory note. Equity interests and Series E preferred equity shall remain unaltered under the plan. The plan will be funded through available cash in hand, exit facility of $4 million and liquidation of litigation and distribution trust assets. First NBC Bank Holding Company and the official committee of unsecured creditors filed modified joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on May 3, 2019. As per the amended plan filed, there is no change in the treatment of any claim class.