Cap Markets

Banks need to be self-critical in evaluating a growth strategy’s chance of success while realizing that it’s hard to rebound from a growth failure.

Following the scandal-tinged departure of CEO Renaud Laplanche, the company is contemplating drastic steps to restore the confidence of loan buyers. Scenarios that would have been far-fetched a short time ago — such as diluting shareholders and funding loans off its own balance sheet — are now under consideration.

One of the last surviving black-owned banks in Chicago was rescued from its loan-related woes by a Ghanaian-American family.

The First of Long Island Corp. in Glen Head, N.Y., plans a secondary offering of about $35 million of common stock.

U.S. Century Bank in Miami has been freed from a regulatory consent order that had restricted its activities for nearly five years.

Global regulators beefed up rules for tackling interest-rate risk in banks' loan books, but stopped short of imposing binding capital requirements after fierce opposition from the financial industry.

University Bancorp in Michigan says the main goal of its recent debt offering was to raise capital, but it also was designed to comply with Sharia and other religious standards that guard against usury.

Porter Bancorp in Louisville, Ky., used part of $5 million it raised in a private placement to become current on interest payments on some debt holdings.

Meridian Bank in Malvern, Pa., has raised $13.8 million through a sale of common stock.

Midland States Bancorp in Effingham, Ill., is planning to raise $120 million through an initial public offering. The $company said in a regulatory filing Monday that it has applied to list shares on the Nasdaq Global Select Market.