Capital

The proposed merger will create a bank with more than $1 billion in assets.

Triad Business Bank adds to the list of de novo efforts taking place in the state.

Sound Bank has new management as part of the transaction. It will also get a new name and expand into higher-growth markets.

Tandem Bank has approval from the Georgia Department of Banking and Finance as its aims to become the state's first new bank since the financial crisis.

It is comfortable with the deal for MidSouth despite the seller's lingering credit issues, given a shared history and the opportunity to add low-cost deposits.

Innovation is part of Emily Girsch's daily routine. That's why the chief financial officer at Lincoln Savings Bank in Cedar Falls, Iowa, spends a lot of time thinking about the need to modernize bank regulations for the digital age.

MidSouth had spent the last two years improving credit quality by reducing its exposure to energy credits.

Entegra Financial, which had a deal to be sold to SmartFinancial, has instead agreed to be sold to First Citizens, which offered more money and will pay a breakup fee for the initial deal.

MiCommunity Bancorp, which will be Michigan's first new bank since the financial crisis, raised $30 million in initial capital.

The company could use its share of proceeds from the IPO to repay debt and pursue bank acquisitions.