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.
-
Industry groups and lawmakers have joined bankers in insisting the agency develop a plan to resolve the paperwork problem before the partial government shutdown ends.
January 23 -
The shutdown is keeping the agency from approving about 300 loans per day, according to CBA President Richard Hunt.
January 22 -
The Virginia company cautioned that it expects lending to slow down this year.
January 22 -
The Tennessee company is pleased with loan growth. It has also been able to reduce its dependence on brokered deposits as it brings in new customers following its purchase of Capital Bank.
January 18 -
A spike in charge-offs in the third quarter stoked concerns about commercial real estate exposure. Shares in the Arkansas company rose after it reported its fourth-quarter results.
January 18 -
Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes.
January 17 -
PNC chief Bill Demchak says he's pretty sure the U.S. isn’t heading into recession, but asset quality is so strong that the regional bank is giving itself a wide berth in forecasting its loan-loss provision in case of the unexpected.
January 16 -
The Georgia company will abstain from acquisitions this year as it looks to make internal improvements.
January 15 -
The company, which has yet to report quarterly earnings, said the moves will turn a profit over time.
January 14 -
The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.
January 11 -
The agency is unable to process loan applications and faces a daunting backlog once Washington returns to work.
January 8 -
CEOs on the hot seat. Banks fighting to stay independent. Comfortable players ripe for disruption from Amazon and others. It is shaping up as a riveting year.
January 8 -
An “emergency merger” with the troubled Progressive Credit Union gives PenFed — already the nation’s third-largest credit union — the ability to welcome any potential member nationwide.
January 4 -
An “emergency merger” with troubled Progressive Credit Union gives PenFed – already the nation’s third-largest credit union – the ability to welcome any potential member nationwide.
January 4 -
A smooth integration of Access National could allow John Asbury, CEO of Union Bankshares, to move a step closer to building a regional franchise that stretches from Baltimore to Hampton Roads.
January 2 -
Bank OZK's George Gleason, one of our community bankers to watch in 2019, needs to rein in the Arkansas bank's commercial real estate exposure to placate nervous investors.
December 31 -
The branch closures will reduce overhead by an estimated $1.9 million a year.
December 28 -
Cadence has upped the exchange ratio by 10%, a move made necessary by the 40% decline in its stock price since the deal was announced in May.
December 26 -
It was a year to remember for women executives at SunTrust and Amex’s new CEO, and one to forget for Wells Fargo and investors in bank stocks.
December 25 -
The settlement of a fight with an insurance company over officer and director coverage yielded a $6 million payout for FNCB in Dunmore.
December 24
