Capital

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.

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.

Park National, which came to regret its acquisition of a Florida bank just before the financial crisis, took more than a year to vet NewDominion before making an offer.

The company's deal for Coastway Bancorp in Rhode Island makes sense since both institutions are former credit unions.

Organizers in Winston-Salem are planning to raise at least $25 million to form Community Bank of the Carolinas.

The company has agreed to buy United Community Bancorp. With the $114 million deal it would add five branches in the Cincinnati area.