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.

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.