Capital

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.

CoBiz Financial in Denver plans to issue up subordinated debt to redeem its shares in the Small Business Lending Fund.

The $20.4 billion-asset company said in a news release that it could offer fixed-to-floating rate non-cumulative perpetual preferred stock, according to a shelf registration filed with the Securities and Exchange Commission.

Atlantic Coast Financial in Jacksonville, Fla., is in talks to restructure its debt and has reversed the valuation allowance on a deferred tax asset.

BOK Financial in Tulsa, Okla., and Webster Financial in Waterbury, Conn., each reported that its Tier 1 common equity ratio would remain above regulators' minimum guideline, as regional banks continue to disclose Dodd-Frank Act stress-test results.

Executives have taken a wide range of approaches to deal with the prolonged period of low interest rates and the risks associated with their eventual rise. Some of those balance-sheet strategies have cut into banks' profitability and thus their efficiency.