The Official Committee of Unsecured Creditors filed a plan of reorganization and related disclosure statement for First NBC Bank Holding Company in the US Bankruptcy Court on March 14, 2018. As per the plan filed, allowed administrative claims shall be paid full in cash. Allowed secured claims shall either receive cash equal to the allowed amount or get possession of the property. Allowed priority claims of $0.08 million shall be paid full in cash. Allowed general unsecured claims of $60 million shall receive its stock pro-rata distribution of new common stock and pro-rata share of litigation trust interests. Subordinated claims will be paid pro-rata share of cash, in full satisfaction of the claim. It is anticipated that subordinated claims will receive no distribution under the plan. Interest holders shall neither receive nor retain any property under the plan and all interests of the debtor shall be cancelled on the effective date. The plan will be funded through available cash in hand, issuance of equity and litigation trust assets.