News Topic: Capital

The Office of the Comptroller of the Currency has given preliminary conditional approval for Winter Park National Bank, allowing organizers to work on office space, hire staff and raise capital. ... Read full article

The company has hired an investment bank to help it consider strategic alternatives, which could also include recapitalizing. ... Read full article

The deal, which is expected to close in the fourth quarter, values Cornerstone at $25.8 million. ... Read full article

Anchor's sale agreement comes less than a year after it put a representative of the activist investor Stilwell Group on its board. ... Read full article

Ashton Ryan, who had been removed as CEO in December, has still been serving as its president. The company also agreed to sell preferred stock to directors to help it make payments tied to its subordinated debt. ... Read full article

The deal, which is expected to close in the fourth quarter, should significantly increase PacWest's operations in southern California. ... Read full article

The Houston company was formed in 2009 to buy struggling banks in the wake of the financial crisis. ... Read full article

The California company will lease space on three floors of the building, while keeping a branch at the location. ... Read full article

Mid Penn agreed to pay $59 million for Scottdale Bank in a deal that is expected to close in the third quarter. ... Read full article

First Bank, based in New Jersey, will pay about $27 million for Bucks County Bank in a deal that is expected to close in the third quarter. ... Read full article

Bankers, directors and other large investors are unloading millions of shares as bank stocks stay close to all-time highs. ... Read full article

Citizens will pay about $40 million in cash and stock for the $269 million-asset Wells in a deal set to close in the third quarter. ... Read full article

The Fed said it will conduct extensive reviews only of deals that create banks with assets of $100 billion, replacing the prior mark of $25 billion. The disclosure was included in the Fed's approval of People's United's purchase of Suffolk ... Read full article

The cuts punctuate the end to a rapid expansion period at the company, which now seems to be prioritizing profitability over growth. ... Read full article

The New Orleans company, which recently sold nine branches and $1.3 billion in loans, was ordered to raise more capital or find a buyer. ... Read full article

First Busey will pay $133 million in cash and stock for Mid Illinois in a deal that should close later this year. ... Read full article

Farmers National will pay about $7.8 million in cash and stock for the $43.3 million-asset Monitor in a deal that should close in the second or third quarter. ... Read full article

State Bank of Texas, which bought the failed Seaway Bank in January, is selling nine branches to Self-Help Credit Union. ... Read full article