Capital

Just two months after a capital infusion, First Capital Bancshares added banking veterans including John McCoy and Harvey Glick as directors in a board overhaul, changed CEOs, and decided to move its corporate headquarters to Charleston, S.C.

The Chicago institution, formed in 2010 to buy the failed ShoreBank, has hired Sandler O'Neill to gauge interest from potential buyers, according to a published report.

Having solid relationships with those who cover the banking industry can lend credibility to management teams, especially when times are tough.

The as-yet-unnamed bank, which would be based near Charlotte, N.C., would be led by Randy Helton, a former CEO at American Community Bancshares.

The company agreed to buy Bank of River Oaks for $85 million in cash.

The California company has agreed to buy Grandpoint Capital, a business bank in Los Angeles, for $641 million.

At least eight banks are in various stages of formation, including two that have opened. While that is nowhere near the de novo activity of the early 2000s, it's a positively brisk pace compared with the standstill that existed for many years after the financial crisis.

The company, which is planning to sell at least $25 million in stock, said in a presentation tied to the offering that it is well positioned for M&A.

The company, which raised $23 million through a private placement, had a 6.97% total capital ratio at Dec. 31.

Louisiana credit union says secondary capital influx helped fuel earnings.