Capital

Just two months after a capital infusion, First Capital Bancshares added banking veterans including John McCoy and Harvey Glick as directors in a board overhaul, changed CEOs, and decided to move its corporate headquarters to Charleston, S.C.

Having solid relationships with those who cover the banking industry can lend credibility to management teams, especially when times are tough.

The company agreed to buy Bank of River Oaks for $85 million in cash.

At least eight banks are in various stages of formation, including two that have opened. While that is nowhere near the de novo activity of the early 2000s, it's a positively brisk pace compared with the standstill that existed for many years after the financial crisis.

The company, which raised $23 million through a private placement, had a 6.97% total capital ratio at Dec. 31.