Cap Markets

First United in Oakland, Md., is looking to raise up to $9.3 million through a rights offering.

The $408 million-asset company said in a press release that it completed a private placement of subordinated debt to accredited institutional investors.

Customers Bancorp in Wyomissing, Pa., is raising another $52.5 million from the latest in a series of public offerings this year.

Thomas Depping, who quit banking out of frustration with regulators five years ago, says Warburg Pincus' deep pockets will help him make Ascentium Capital a household name among small-business borrowers.

Bank of Commerce in Sarasota, Fla., will change hands following a bankruptcy auction.

Medallion Bank in New York has sold its asset-based lending division to an unnamed buyer.

Shiv Govindan at Pilgrims & Indians Capital has kept a relatively low profile as a bank investor. But two key board appointments at struggling community banks promise to make him a more visible player in the industry.

Revere Bank in Laurel, Md., has raised $31 million in a subordinated debt offering that it plans to use for M&A and other purposes.

First Internet Bancorp in Fishers, Ind., has issued $25 million in subordinated debt and intends to use the proceeds to support its rapid growth and perhaps for future acquisitions.

Bank of Southern California in San Diego has agreed to sell $7 million of its common stock to the asset management firm Castle Creek Capital.