BANKING & FINANCE - July 30, 1991
From Times Staff and Wire Reports
NCNB Denies Hibernia Rumors: NCNB Corp., trying to complete one of the largest mergers in U.S. banking history, denied reports that it was exploring the acquisition of Hibernia Corp. of New Orleans, Louisiana’s biggest bank. Reports by the Wall Street Journal and the trade newspaper American Banker said Charlotte-based NCNB was considering investing in the firm with possible long-term plans to take over the troubled bank. The reports came only days after NCNB agreed on a merger with C&S;/Sovran in a $4.3-billion stock swap that would create the nation’s third-largest banking company, with about $118 billion in assets.
