NEW YORK, Nov. 10, 2016 /PRNewswire/ -- Today, Clinton Group, Inc. ("Clinton Group"), a stockholder of First NBC Bank Holding Company ("First NBC" or the "Company") (NASDAQ: FNBC), issued an open letter to the board of directors of First NBC. Clinton Group has proposed a set of initiatives aimed to enhance shareholder value of FNBC. This communication is not a proxy solicitation, which may be done only pursuant to a definitive written proxy statement. About Clinton Group, Inc.Clinton Group, Inc. is a diversified asset management firm that is a Registered Investment Advisor. The firm has been investing in global markets since its inception in 1991 with expertise that spans a wide range of investment styles and asset classes. [Clinton Group Letterhead] November 9, 2016 First NBC Bank Holding Company ("First NBC or the "Company")210 Baronne Street New Orleans, Louisiana 70112 Attention: Board of Directors Gentlemen: We were heartened to see your release of November 1, 2016 that showed continued profitability at First NBC Bank and your continued focus on returning all of the Bank's regulatory ratios to well-capitalized levels. Clinton Group is a shareholder and has recently accumulated additional stock as we believe it is currently undervalued. We appreciate you listening to our views and look forward to providing additional shareholder perspectives in the future. We are happy to see that you have engaged Sandler O'Neill & Partners LP and Piper Jaffray & Co. to explore strategic options for First NBC and are confident that they will work to a solution that creates value for all stakeholders. We would encourage you to be as transparent as possible about your plans, your business model and your path forward. As Aristotle first postulated, "Nature abhors a vacuum" and his words apply equally to the marketplace and its view on information. Give the investor community detailed information and let them make informed decisions, rather than allowing speculation and unfounded concerns drive the stock away from its fundamental value.