Cap Markets

Meta Financial Group in Sioux Falls, S.D., agreed to sell $3.1 million of common stock to a group of existing investors and reached a separate agreement to issue prepaid cards for a business partner.

Banks better get ready for a quick, steep increase in deposit costs after the Fed raises rates. Technology, new regulations and other factors have changed the slower-paced retail-banking game of old, JPMorgan Chase executives say.

National Bank Holdings in Greenwood Village, Colo., plans to repurchase as much as $100 million of its common stock.

First Choice Bank, in Cerritos, Calif., has raised $30 million from a secondary stock offering.

Equitable Financial in Grand Island, Neb., said its depositors and stockholders have approved its plan to convert from a mutual thrift to a fully stock-owned company.

Citizens Community Bank in South Hill, Va., has redeemed about 75% of its outstanding preferred stock in the Small Business Lending Fund.

MidWestOne Financial Group in Iowa City, Iowa has raised $8.4 million in a private placement of its common stock.

Atlantic Coast Financial in Jacksonville, Fla., has taken several steps to restructure its debt holdings, including prepaying $60 million in advances with the Federal Home Loan Bank and $56.3 million of securities sold under separate repurchase agreements.

Access National's four-year-old wealth management subsidiary has grown rapidly and is poised to enter the black. The allure of fee revenues has drawn many community banks into this field amid weak loan growth and tight interest margins.

Credit Karma in San Francisco has raised $175 million in venture capital to expand its product offerings for consumers' personal finances.