Shivan Govindan wasted no time trying to turn First NBC Bank around.

Govindan, a veteran bank investor, became the New Orleans company's chairman in September. A few short months later, the $4.9 billion-asset First NBC has shaken up its management and agreed to sell more than a quarter of its assets.

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.