Cap Markets

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.

The $3.9 billion-asset holding company for Busey Bank redeemed all its remaining shares in the program at a total redemption price of about $72.8 million.

Tri-Valley Bank in San Ramon, Calif., said that its largest individual shareholder is making a bid to double his stake.

California Republic Bancorp in Irvine has securitized $380 million of its prime auto loans.

For steering the Winston-Salem, N.C., company through an extended period of industry adversity, while providing a blueprint for large-scale M&A, King has been named American Banker's Banker of the Year for 2015.