Capital

Bankwell Financial Group in New Canaan, Conn., has issued $25.5 million in subordinated debt and it plans to exit the Small Business Lending Fund program.

Activist investor Joseph Stilwell is demanding that Carroll Bancorp in Sykesville, Md., pick up the pace on stock buybacks.

The recapitalization will allow City National Bank to continue as a certified Community Development Financial Institution, the bank said.

The $120 million-asset mutual thrift filed its application with federal regulators this month. Citizens expects the formation to be completed by the first quarter, Chief Executive Tommy Johnson said in an interview.

The Office of the Comptroller of the Currency has promoted Amrit Sekhon to deputy comptroller for capital and regulatory policy.

FNBH Bancorp in Michigan has been unable to make an important move without its primary regulator's OK in the six years since its nonperforming assets hit double digits. It's an extreme example of the tension between past problems and future visions that freezes many banks.

Bryn Mawr Bank in Pennsylvania has issued $30 million in subordinated debt.

Coast Bancorp has sold two buildings next to its bank's headquarters in San Luis Obispo, Calif., and has refinanced debt.

Summit Financial Group in Moorefield, W.Va., said its employee stock-ownership plan has acquired a stake in the company from a Louisiana bank.

The first stress tests for regional banks show loan losses closely in line with the postcrisis period. However, an independent analysis suggests losses likely would be even higher.