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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Detractors are suddenly hopeful that the controversial accounting standard could be delayed or altered after FSOC's longer-than-expected closed session on the issue.
By John ReostiDecember 20 -
The move is sure to draw criticism from bankers because it would allow credit unions to compete for backing from private investors.
By John ReostiDecember 19 -
The move is sure to draw criticism from bankers because it would allow credit unions to compete for backing from private investors.
By John ReostiDecember 18 -
Live Oak Bancshares became an SBA juggernaut by making loans, selling them and making more. With economic conditions changing, it is retaining more credits.
By John ReostiDecember 14 -
The National Credit Union Administration board voted to decrease the normal operating level for the share insurance fund in addition to prioritizing alternative capital as part of its regulatory reform.
By John ReostiDecember 13 -
Brad Sherman of California and Gregory Meeks of New York are worried the proposed accounting standard for recording loan losses will reduce access to credit for small businesses and low- and moderate-income communities.
By John ReostiDecember 13 -
Brad Sherman of California and Gregory Meeks of New York are worried the proposed accounting standard for recording loan losses will reduce access to credit for small businesses and low- and moderate-income communities.
By John ReostiDecember 12 -
The credit union stalwart purchased Mirador, which is heavily dependent on bank relationships. The challenge now is keeping those clients in the fold.
By John ReostiDecember 12 -
CUNA Mutual, a service provider to credit unions, recently bought Mirador, which is heavily dependent on bank relationships. The challenge now is keeping those clients in the fold.
By John ReostiDecember 11 -
Dozens of House members and four senators agree with arguments by farmers and lenders that a proposed change to the 7(a) program would disqualify worthy borrowers.
By John ReostiDecember 5 -
Our Best in Banking honorees for 2018 share some of the smartest bits of advice and blows from the school of hard knocks that they've received over the years — and who (or what) supplied them.
By Alan KlineDecember 2 -
Faciam Holdings will pay nearly $68 million for Summit Bancshares.
By John ReostiNovember 29 -
State Bank’s Evans started off his banking career by offering cold cans of soda to farmers in the field in the hopes of earning their business. Five decades on, he's widely known in banking circles for his prowess in building high-performing community banks and selling them for top dollar.
By John ReostiNovember 26 -
John Corbett has known the leaders of National Commerce since he helped launch CenterState in 1999. It’s a big reason CenterState is breaking from tradition to hire those executives once it buys the Alabama bank.
By John ReostiNovember 26 -
Bank groups are pushing a variety of proposals to delay the loan-loss rule or soften its impact. The accounting standards board has agreed to review at least one of them — but at a pace that might not be fast enough for lenders.
By John ReostiNovember 21 -
Lenders fear the agency's rule could make most poultry producers ineligible for 7(a) loans.
By John ReostiNovember 19 -
Challenges will likely increase as interest rates rise and investors grow more concerned about a downward turn in the economic cycle.
By John ReostiNovember 16 -
The National Credit Union Administration on Thursday approved a two-year budget as the board credited the merger of two funds with helping CUs stave off assessments amid a surge in liquidations.
By John ReostiNovember 15 -
As he weighs a possible presidential bid, Sen. Sherrod Brown, D-Ohio, touched on a likely campaign theme Tuesday, saying both political parties have done a poor job dealing with rural concerns.
By John ReostiNovember 13 -
Entrepreneurship among veterans has been declining over the past 20 years, according to a report by the SBA and the New York Fed.
By John ReostiNovember 12

















