Fishman Haygood represents bidder in final bid round for purchase of First NBC tax credit portfolio

Fishman Haygood partner Megan Riess and associate Chris Wootten represented a final bidder in the sale of all new markets tax credit assets of First NBC Bank, which is currently under the control of the FDIC.  First NBC Bank was placed into receivership earlier this year. The FDIC has been administering the sale and transfer of the failed bank’s assets, which included new markets tax credit investments, allocations, and related loans.  Fishman Haygood provided advice and assistance in connection with one of the final bids for the assets and provided input on the transfer structure and documentation reviewed by final bidders in connection with the purchase.