Paul Davis

Citywide Banks of Colorado in Denver has raised $7 million from private-equity investors.

John A. Allison, former chairman and chief executive at BB&T in Winston-Salem, N.C., has returned to academia.

Fauquier Bankshares in Warrenton, Va., is planning to record a $5.5 million impairment charge tied to a souring loan relationship.

TCF Financial in Wayzata, Minn., is making preparations for its next management team.

The $75 million-asset bank said in a press release Tuesday that Michael Clabby had become its acting president and chief executive, effective last Friday.

Merchants Bancshares in South Burlington, Vt., is set to have a new chief executive.

Bank of the James Financial Group in Lynchburg, Va., is planning to raise about $11.5 million through a private placement.

MainSource Financial Group in Greensburg, Ind., has agreed to buy Cheviot Financial in Cincinnati.

Entegra Financial in Franklin, N.C., has agreed to buy Oldtown Bank in Waynesville, N.C.

The $5.4 billion-asset WSFS said in a press release Monday that it will pay $101 million, or $21.75 a share, in cash and stock for the $651 million-asset parent of Penn Liberty Bank.