John Reosti is a reporter covering community banks in particular and the financial services industry in general. He also focuses on the Small Business Administration, the National Credit Union Administration Board and issues connected to the CECL accounting standard.
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The deal announced Monday would diversify EverBank's higher-cost funding model, and it would accelerate WaFd's transition away from its roots as a traditional thrift.
By John ReostiSeptember 8 -
The group behind the proposed Georgia Skyline Bank says recapitalizing a 24-year-old Virginia bank offers a faster path to success than a new charter would.
By John ReostiSeptember 4 -
First National Bank of Omaha's planned acquisition of InBankshares in Denver comes less than three months after it agreed to acquire a Kansas City-area bank.
By John ReostiSeptember 2 -
Farmers & Merchants Bank of Long Beach took an $85 million loss on the sale of $1 billion worth of municipal bonds. It plans to reinvest the proceeds into higher-yielding loans and investments.
By John ReostiSeptember 1 -
Los Angeles-based Lendistry recently received a $100 million credit facility from East West Bank to support loans to airport concession operators.
By John ReostiAugust 31 -
The Small Business Administration's proposed rule increasing the size of firms eligible for government-backed loan programs could boost the appeal of SBA loan programs to banks and credit unions, but it's drawing sharp criticism from smaller firms.
By John ReostiAugust 28 -
The Toronto-based banking giant reported better third-quarter profit growth and credit quality south of the border than in its core Canadian market.
By John ReostiAugust 27 -
Tupelo, Mississippi-based Renasant Corp. hired Catherine Mealor, who covered the company for Keefe Bruyette & Woods, to succeed the retiring Jim Mabry.
By John ReostiAugust 27 -
Cogent Bank has tapped an industry veteran to lead a new unit focused on ensuring high-net-worth clients can smoothly transfer assets to their heirs.
By John ReostiAugust 25 -
Forbright Bank in Chevy Chase, Maryland, which has gathered more than $4 billion in online deposits over the past two years, plans to sell its branch network and focus entirely on digital banking.
By John ReostiAugust 21 -
Jeff Kesler leads a firm that recently struck a deal to acquire a small bank in Palmer, Texas. Kesler says he's on the lookout for other Lone Star State banks to buy.
By John ReostiAugust 19 -
BayFirst Financial in St. Petersburg plans to focus on larger commercial deals after repairing the damage from a failed strategy that emphasized small-dollar loans backed by the U.S. Small Business Administration.
By John ReostiAugust 14 -
Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
By John ReostiAugust 12 -
First Guaranty in Hammond Louisiana agreed to a consent order with federal and state regulators that's aimed at improving its credit quality.
By John ReostiAugust 10 -
Gateway Bank, which has narrowed its losses under new CEO Mukhtar Ali, hired a team of residential-construction lenders to speed its return to profitability.
By John ReostiAugust 7 -
Supporters of mutual banks are lining up behind a proposed regulatory overhaul. The Fed's plan would make it easier for depositor-owned banks to raise capital.
By John ReostiAugust 5 -
A portfolio review initiated by BCB Bancorp's new CEO, Tom O'Brien, led to a spike in nonaccrual loans at the Bayonne, New Jersey-based bank.
By John ReostiAugust 3 -
Coastal Financial in Everett, Washington, is reshuffling its management team and abandoning an expansion plan. On Thursday, the bank reported a nearly $69 million credit expense sparked by a fintech partner's deteriorating financial condition.
By John ReostiJuly 30 -
Banks that are new to the Texas market are pricing loans very aggressively, according to senior leaders at Houston-based Prosperity Bancshares.
By John ReostiJuly 29 -
The Denver-based bank scaled back its estimate of tangible-book-value dilution resulting from the First Foundation deal to 10%, down from the 14% figure projected in October.
By John ReostiJuly 28



















