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

The $8.6 billion-asset company said in a press release Wednesday that James Scott will become chairman on Jan. 21.

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.

Mark Simmons, a seasoned commercial lender, is planning to open a bank in California’s Orange County that is dedicated to making loans to businesses. Core Commercial Bank, expected to be the state’s first de novo since 2008, would jump into a market where commercial lenders are plentiful — and aggressive.

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.

The Federal Deposit Insurance Corp.'s third-quarter industry update pointed to signs of banks expanding their risk profiles despite slow revenue growth.

Charles Cook will retire next year as chairman of Truxton Corp. in Nashville, Tenn.

Hanmi wants to make sure that, when the dust settles, it is part of the nation's biggest Korean-American bank. The move also shows how difficult it will be for ethnic banks to gain meaningful scale while sticking to their niche groups.

First Financial Northwest in Renton, Wash., has filed for permission to adopt a commercial bank charter.

Huron Valley State Bank in Milford, Mich., plans to raise as much as $5 million to grow its two-branch business.

The head of the Independent Community Bankers of America fires a legal warning at NCUA and says relations between the two industries has never been more strained.

BNH Financial in Laconia, N.H., has agreed to buy Community Guaranty in Plymouth, N.H.

Blue Ridge Bankshares in Luray, Va., has issued $10 million in subordinated debt and plans to exit the Small Business Lending Fund.

U.S. bank earnings increased 5% in the third quarter from a year earlier to $40.4 billion as a “few large banks” recorded lower litigation expenses, the Federal Deposit Insurance Corp. said Tuesday.

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

The rapid growth of competition from nonbanks has the potential to hit community banks harder than the mortgage meltdown.

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