News / Article

First NBC Bank expanding market area for New Market Tax Credits

Source: theneworleansadvocate.com - Nov 13, 2015

First NBC Bank in New Orleans has received approval to expand its market area for federal New Market Tax Credits to all of Louisiana, Arkansas, Tennessee, Mississippi, Alabama and the Florida counties of Escambia, Santa Rosa and Okaloosa.

First NBC Community Development Fund LLC received the approval from the Community Development Financial Institutions Fund beginning with new allocations of New Markets Tax Credits in 2016.

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Category: General Business