NBH Holdings Corp. Raises $1.15 Billion to Create Community Banking Franchise

James G. Connolly is NBH's President and Chief Executive Officer. An accomplished banking executive with over 23 years of industry experience, he previously served as President and a Director of Citizens Financial Group, a $153 billion bank holding company. Mr. Connolly leads a team of proven bankers that has worked together for numerous years, and which has an established track record of success and significant experience in risk management, acquisitions, integration, and organic growth. NBH's executive management team includes James B. Fitzgerald, Chief Financial Officer, Thomas M. Metzger, Chief Risk Officer, and Donald Gaiter, Chief of Acquisitions and Strategy. NBH will be overseen by a highly-credentialed Board of Directors chaired by Frank V. Cahouet, former Chairman, President, and Chief Executive Officer of Mellon Financial Corporation.

Mr. Connolly said, "We are pleased to have completed this equity offering. We are eager to begin the process of creating a high-performing, community-focused banking enterprise that delivers a superior level of service and is recognized for its commitment to its customers, employees and investors. The current recapitalization of the U.S. banking industry provides a unique opportunity for NBH, and we appreciate the confidence that our investors have placed in us."

The private placement transaction was executed pursuant to Rule 144A of the Securities Act of 1933 and other exemptions. The company will seek to make control investments in one or more U.S. banking institutions over time.

FBR Capital Markets Corporation (Nasdaq: FBCM | Quote | Chart | News | PowerRating) served as financial advisor and placement agent for the offering. Wachtell, Lipton, Rosen & Katz served as NBH's legal advisor.

About NBH Holdings Corp.

NBH Holdings Corp. was created to build a leading community bank franchise delivering high quality customer service and strong shareholder results. Led by a highly experienced and accomplished management team with a successful track record of operating large and complex financial institutions, NBH intends to apply to become a bank holding company.

Forward Looking Statements

This document includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements may include, but are not limited to, statements about our future financial and operating results as well as our plans, objectives, expectations and intentions. These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "may," "can," "could," "might," "will" and similar expressions identify forward-looking statements, including statements related to expected operating and performing results, planned transactions, planned objectives of management, future developments or conditions in the banking industry and other trends, developments and uncertainties that may affect our business in the future. Such risks, uncertainties and other factors include, among other things: (i) our status as a recently organized corporation; (ii) our ability to identify potential candidates for, and consummate, investment transactions; (iii) the timing of investment transactions and our dissolution and liquidation if we fail to enter into a definitive agreement with respect to a Qualified Investment Transaction by the Investment Transaction Deadline (each as defined in our Certificate of Incorporation); (iv) the reduction of the proceeds held in our investment account due to third party claims or other expenses and liabilities; (v) the possibility that we would issue shares of our capital stock or debt securities to complete an investment transaction; (vi) constraints on our ability to consummate an attractive investment transaction due to our limited resources and the significant competition for investment transaction opportunities; (vii) changes in the regulatory environment; (viii) conflicts of interest of our directors and officers; (ix) potential future affiliations of our officers and directors with competing businesses; (x) the existence of registration rights with respect to the securities being offered; (xi) the lack of a market for our securities; (xii) our being deemed an investment company; (xiii) our ability to obtain additional financing, if required, to complete an investment transaction or to fund the operations and growth of our business; and (xiv) our ability to integrate acquisitions and to achieve synergies, operating efficiencies and/or other expected benefits within expected time-frames or at all, or within expected cost projections, and to preserve the goodwill of acquired businesses. Any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

SOURCE: NBH Holdings Corp.

Sard Verbinnen & Co 
Denise DesChenes/Kathryn Kranhold, 212-687-8080