Cap Markets

Northway Bank in Berlin, N.H., has exited the Small Business Lending Fund.

Community Shores Bank Corp. in Muskegon, Mich., has raised about $5.3 million and has been released from an enforcement action.

Unlike the bargain-heavy aftermath of the crisis, acquisitions during the recovery have been hampered by high premiums and unsatisfactory returns.

Colony Bankcorp in Fitzgerald, Ga., has redeemed about a quarter of its shares in the Troubled Asset Relief Program.

The $390.1 million-asset company said in a press release Tuesday that it has agreed to sell common stock to institutional investors led by Patriot Financial Partners.

Customers Bancorp in Wyomissing, Pa., plans to raise $30 million in an aggregate offering of its common stock.

The $1 billion-asset holding company for Veritex Community Bank redeemed about $8 million worth of SBLF shares.

Synovus Financial in Columbus, Ga., has offered to acquire up to $100 million of its outstanding subordinated debt.

Citizens & Northern in Wellsboro, Pa., has paid off a $24 million repurchase agreement and will record a loss on the prepayment.

Birmingham Bloomfield Bancshares in Birmingham, Mich., has redeemed its shares in the Small Business Lending Fund and exited the program.