Cap Markets

On Dec. 31, 2016. Dollars in thousands.

Stakeholders have until May 9 to offer their thoughts on how to design an additional source of capital for credit unions.

The deal, which is expected to close in the fourth quarter, values Cornerstone at $25.8 million.

Anchor's sale agreement comes less than a year after it put a representative of the activist investor Stilwell Group on its board.

Ashton Ryan, who had been removed as CEO in December, had been serving as its president. The New Orleans company also agreed to sell preferred stock to directors to help it make payments tied to its subordinated debt.

The deal, which is expected to close in the fourth quarter, should significantly increase PacWest's operations in Southern California.

Arizona, Nevada, Florida and North Carolina have lost more banks than other states, based on the percentage decline since 2010. Each has a unique set of reasons that goes beyond regulation and a dearth of de novo activity.

The Houston company was formed in 2009 to buy struggling banks in the wake of the financial crisis.

Triumph Bancorp in Texas agreed to sell its CLO management firm just months after new risk retention rules kicked in.

The California company will lease space on three floors of the building, while keeping a branch at the location.