Capital

Organizers of Studio Bank in Nashville have raised more than $40 million, satisfying the minimum amount set by regulators.

Organizers of CommerceOne Bank in Birmingham must raise at least $30 million before opening.

The Illinois company has agreed to buy Springfield Bancshares for $87 million.

A Virginia bank's decision to pursue a charter in North Carolina puzzles some observers, given the added complexity and costs.

The Alabama bank agreed to buy Peoples Bank for $23 million as part of a plan to target new Southeastern markets.

The bank, which already offers mortgages through seven offices across North Carolina, is the fourth group to announce plans for a de novo in the state.

The 106-year-old bank is looking to raise $90 million, with plans to use half of the funds to redeem outstanding preferred stock.

While industry consolidation picked up in 2017, certain regions did better than others, with strong volume and improved pricing. Here’s a look at each region.

On quarterly earnings calls set to begin next week, investors will be listening closely to CEO comments for any hints of how banks might deploy excess capital if they are no longer deemed systemically important.

The Mississippi company will gain nearly $2 billion in loans after it buys Brand Group Holdings.

Mid-Southern Bancorp could use proceeds to make more loans or to pursue acquisitions.

An affiliate of the private-equity firm Angel Oak is packaging bank-issued sub debt to minimize risk for bondholders. It recently completed its first securitization and has plans to issue two deals a year.

The company said it could raise up to $25 million through the initial public offering.

The Alabama company will enter Sarasota, Fla., after buying Premier for $52 million.

The $6 million acquisition will add four businesses with a total of $700 million in assets under management.

Gulfside Bank, which would be based in Sarasota, is angling to become southwest Florida's first new bank in a decade.

Organizers want to open the first new bank in Michigan since 2009, while a third group in Florida has filed a de novo application.

Park National, which came to regret its acquisition of a Florida bank just before the financial crisis, took more than a year to vet NewDominion before making an offer.

The company's deal for Coastway Bancorp in Rhode Island makes sense since both institutions are former credit unions.

Organizers in Winston-Salem are planning to raise at least $25 million to form Community Bank of the Carolinas.