Capital

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.

A recent meeting with the OCC is giving mutual thrifts hope that they can find a way to bring in more capital before the next recession. The OCC, while open to a solution, is keen to protect the rights of those institutions' deposit holders.

Roughly 90 banks that participated in the government's lending program still owe money to the Treasury Department and face a massive dividend increase. Many of those could view selling as a better alternative to raising new capital.

A well-known Wall Street firm is urging Citigroup to split itself in two for the benefit of investors, adding to the chorus of calls for the biggest banks to be broken up. How much of a difference will it make?

Bank of America's board approved the repurchase of as much as $800 million in shares, joining JPMorgan Chase and Capital One Financial this year in returning more capital to shareholders.

Atlantic Bancshares in Bluffton, S.C., has raised about $4 million to redeem shares issued through the Troubled Asset Relief Program.

Loans outpacing GDP and the expressed optimism of CEOs on recent earnings calls are among the signs that growth figures are too good to be true.

First Resource Bank in Exton, Pa., has redeemed its remaining preferred shares tied to the Small Business Lending Fund.

Tidelands Bancshares in Mount Pleasant, S.C., has been declared in default on $18.3 million of trust-preferred securities.

The Federal Home Loan Bank of San Francisco is exploring ways to use $40 million it received as part of a private-label securities settlement to support small-business development and job creation to help future homebuyers.

Ray Grace, North Carolina's banking commissioner, believes federal bank regulators should embrace charters for banks dedicated to innovation. Doing so, he said, would help the banking industry secure its spot as a "laboratory for change."