Capital

FVCBancorp will use part of the proceeds to help pay for its pending acquisition of Colombo Bank.

Farmers & Merchants will pay $89 million for the parent of Bank of Geneva.

The Oakland bank has raised $25 million through a private placement of common stock.

The first meeting is structured like a job interview. After that, organizers should expect plenty of questions about money, management and markets.

Jacobs Asset Management, which expressed frustration over a slow turnaround at MidSouth, said it could launch a proxy battle at next year's annual meeting.

Ratings firms and mutual funds are seeing greater value in community banks because of their simplicity and local connections.

Organizers of Piermont Bank said in their application with the FDIC that they want to raise $100 million and eventually operate in several urban coastal communities.

Keith Mestrich, who runs the union-founded bank, plans to use a more liquid stock to pursue acquisitions in cities such as Boston, Seattle and Los Angeles.

Guaranty Bancorp could have had a different owner if not for a suitor’s ill-timed stock hiccup that gave a rival the upper hand.

The transaction was set up to give Mercantil more autonomy to expand in South Florida, Houston and New York.

Customers Bancorp said Flagship Community Bank has temporarily withdrawn its application with the FDIC to acquire the digital bank.

The proposed Piermont Bank would be based in Midtown Manhattan. It is the second de novo being planned in New York.

While most acquirers are content to let cost savings trickle down to the bottom line, WSFS will use the purchase of Beneficial to reinvent itself.

The Delaware company plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels.

Tekalign Gedamu, who would chair Marathon International Bank, says that Zekarias Tamrat is bad-mouthing the de novo effort following his dismissal and a subsequent payment disagreement. Tamrat was slated to be the bank's president.

Tory Nixon, who became Umpqua's chief banking officer this spring, is trying to drive more customers to use mobile banking (only 15% do so now industrywide) without alienating them in the process.

Zekarias Tamrat blamed the proposed Marathon International Bank's chairman and directors for delays in getting its application approved.

A task force created by the American Bankers Association asserts that applying for a bank charter is too time-consuming and that some de novo rules are too rigid.

Despite continued industry consolidation, the company still expects to have at least 10 chances each year to buy another bank.

At least six groups are exploring opening new banks in the state, which is enjoying an economic recovery and has a dearth of local financial institutions.