Paul Davis

The $1 billion-asset Charter said in a press release Thursday that it will pay $58.8 million, or $20.50 a share for the $369 million-asset parent of Community Bank of the South.

The $140 million-asset company said in a press release Thursday that Martin May would also become its president.

Live Oak Bancshares in Wilmington, N.C., has exited the Small Business Lending Fund.

Sunshine Bancorp in Plant City, Fla., plans to raise about $12.2 million through a private placement.

WashingtonFirst Bankshares in Reston, Va., plans to raise up to $31.1 million by selling common stock.

Umpqua Holdings in Portland, Ore., has created a unit dedicated to disrupting the banking industry.

NexBank in Dallas has bought College Savings Bank in Princeton, N.J.

First Niagara Financial Group in Buffalo, N.Y., considered offers from four potential acquirers before deciding in late October to sell itself to KeyCorp.

The $9.8 billion-asset Great Western said in a press release Monday that it will pay about $140 million, or $19.70 a share, in cash and stock for the $1.2 billion-asset parent of Home Federal Bank.

Financial Institutions in Warsaw, N.Y., has agreed to buy Courier Capital, an investment advisory firm in Buffalo, N.Y.