Shares of Hibernia plunged 93.75 cents, to $11.50, on investor concerns about possible credit-quality problems.

The company was the subject of a Wall Street Journal article that cited its troubles with certain loans. The article "really paints a picture that troubles are deep and there is no room at the end of the tunnel," said Christopher Kelley, an analyst at Morgan Keegan & Co.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.