News Topic: Capital

Organizers of Gainey Business Bank, a bank planned in Scottsdale, received approval from the state's banking regulator to raise capital while completing a charter application. ... Read full article

P. Byron DeFoor, who already has majority stakes in two community banks, is planning to buy First Columbia Bancorp. ... Read full article

The New Jersey company will pay $76 million for a bank with a low loan-to-deposit ratio and an SBA lending platform. ... Read full article

The West Virginia company will pay a total of $118 million for Poage Bankshares and Farmers Deposit Bancorp. ... Read full article

Moxy Bank would focus on low- and moderate-income depositors in the nation's capital, while operating a lending platform in North Carolina. ... Read full article

Coastal Financial in Everett, Wash., said that it could be active in M&A with capital from its IPO and that it has already identified several possible targets. ... Read full article

First Western Financial in Denver could use the roughly $31 million it is hoping to raise to pay off debt and redeem preferred shares. ... Read full article

VisionBank is the second de novo effort that would focus on the nation's capital. ... Read full article

Beach Community Bank, which recently added $100 million in capital, hired veteran banker Carl Chaney as its executive chairman. ... Read full article

The deal is designed to improve capital ratios and reduce risk at the Seattle company. ... Read full article

Aquesta Financial Holdings expects to record a post-tax gain of $1.7 million from the sale of its insurance business. ... Read full article

The company agreed to aquire United Bancorp. for $51 million. ... Read full article

Old National will have the fifth-biggest deposit market share in the city when it completes the $434 million acquisition. ... Read full article

The company will pay $48 million for four branches and $230 million in loans. ... Read full article

The Connecticut company will have nearly $48 billion in assets after it buys First Connecticut Bancorp. ... Read full article

The groups applauded a proposal to establish minimum GSE capital requirements, but called for more immediate steps to release the companies from conservatorship. ... Read full article

The deal for the Denver commercial lender joins a growing list of large acquisitions being announced in competitive urban markets. ... Read full article

Cadence first discussed a deal with the Atlanta target four years ago. But negotiations picked up steam once it was clear State Bank had other suitors. ... Read full article