NEW ORLEANS -- Hibernia Corp. said it won agreement to extend for another day, until today, the due date of its loan from a group of banks led by Chase Manhattan of New York.

The due date on the loan, part of a recovery package for the New Orleans banking company, has been extended several times. Hibernia, which is seeking to recapitalize itself and its lead bank, said that only "minor technicalities" in the documentation remained to be resolved.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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