Cap Markets

The Treasury Department has significantly reduced its stake in Broadway Financial in Los Angeles.

Stephen Gordon has long been known as an entrepreneurial banker, which helped him expand his California bank aggressively over a five-year period. A spike in chargeoffs that led to a third-quarter loss spurred Gordon to beef up credit oversight. The question is whether that effort will stymie loan growth.

Highlands Bancorp in Vernon, N.J., has raised $8.5 million through a sale of common stock.

American Banker predicted these five bankers would make news. Several delivered, mostly with small, strategic deals and finding ways to make money in spite of challenging conditions.

Add Investar Holding in Baton Rouge, La., to the growing list of community banks filing shelf registrations.

Sussex Bancorp in Rockaway, N.J., has raised $15 million by selling fixed- to floating-rate subordinated notes to an institutional investor. It did not name the investor.

Regulators have warned about the dangers of high commercial real estate concentrations despite bankers' assertions that they are managing risk better than they did before the financial crisis. Still, CRE concerns could influence M&A and loan diversification in 2017.

Equity Bancshares in Wichita, Kan., has raised $35.4 million in a common stock offering and plans to use the proceeds to pay down a line of credit and support growth.

Prosperity Bancshares in Houston filed a shelf registration to sell a variety of shares.

Peapack-Gladstone Financial in Bedminster, N.J., has filed a shelf registration statement to sell as much as $100 million in securities.