Cap Markets

Mid-Southern Bancorp could use proceeds to make more loans or to pursue acquisitions.

An affiliate of the private-equity firm Angel Oak is packaging bank-issued sub debt to minimize risk for bondholders. It recently completed its first securitization and has plans to issue two deals a year.

The company said it could raise up to $25 million through the initial public offering.

Are American college students using their student loan dollars wisely? A LendEDU study explored how those funds are spent.

UBS agreed to pay $230 million to resolve a New York state probe into the Swiss bank's marketing and sales of residential mortgage-backed securities before the financial crisis, boosting the state's recoveries in the investigation to almost $4 billion.

The Alabama company will enter Sarasota, Fla., after buying Premier for $52 million.

The $6 million acquisition will add four businesses with a total of $700 million in assets under management.

Gulfside Bank, which would be based in Sarasota, is angling to become southwest Florida's first new bank in a decade.

Organizers want to open the first new bank in Michigan since 2009, while a third group in Florida has filed a de novo application.

Nonbanks are originating more commercial mortgages on fixer-uppers in response to a sharp drop in the cost of funding in the securitization market. These deals are said to be "vastly different" than other CRE instruments that sustained big losses in the crisis — so far.