Capital

How Eastern Bank pulled off something few community banks have: launching a digital lending product that the 197-year-old mutual dreamed up in its innovation lab.

First Republic Bank in San Francisco plans to raise about $178 million through a common stock offering.

Paragon Commercial could raise up to $29 million when the Raleigh, N.C., company conducts its initial public offering.

First Internet Bancorp in Indianapolis plans a secondary offering of about $20 million of common stock.

HomeStreet in Seattle has raised $65 million from issuing senior debt. The $4.8 billion-asset company said in a press release Friday that the proceeds from the offering with support growth and other general corporate purposes.

National Commerce in Birmingham, Ala., has issued $25 million in subordinated debt.

Severn Bancorp in Annapolis, Md., has partially redeemed outstanding shares tied to the Troubled Asset Relief Program.

California Bank of Commerce in Lafayette has raised $9 million to help it exit the Small Business Lending Fund.

Banks need to be self-critical in evaluating a growth strategy’s chance of success while realizing that it’s hard to rebound from a growth failure.

Following the scandal-tinged departure of CEO Renaud Laplanche, the company is contemplating drastic steps to restore the confidence of loan buyers. Scenarios that would have been far-fetched a short time ago — such as diluting shareholders and funding loans off its own balance sheet — are now under consideration.

One of the last surviving black-owned banks in Chicago was rescued from its loan-related woes by a Ghanaian-American family.

The First of Long Island Corp. in Glen Head, N.Y., plans a secondary offering of about $35 million of common stock.

U.S. Century Bank in Miami has been freed from a regulatory consent order that had restricted its activities for nearly five years.

Global regulators beefed up rules for tackling interest-rate risk in banks' loan books, but stopped short of imposing binding capital requirements after fierce opposition from the financial industry.

University Bancorp in Michigan says the main goal of its recent debt offering was to raise capital, but it also was designed to comply with Sharia and other religious standards that guard against usury.

Porter Bancorp in Louisville, Ky., used part of $5 million it raised in a private placement to become current on interest payments on some debt holdings.

Meridian Bank in Malvern, Pa., has raised $13.8 million through a sale of common stock.

Midland States Bancorp in Effingham, Ill., is planning to raise $120 million through an initial public offering. The $company said in a regulatory filing Monday that it has applied to list shares on the Nasdaq Global Select Market.

Franklin Financial Network in Franklin, Tenn., plans a debt issuance to pay for its recently completed exit from the Small Business Lending Fund and to fund other activities.

ConnectOne Bancorp in Englewood Cliffs, N.J., has exited the Small Business Lending Fund program.