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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Kanas, who returned to the banking industry as part of the recapitalization of the failed BankUnited, will relinquish the company's chairmanship at the end of this year.
By John ReostiSeptember 12 -
Credit union advocates shattered records with the number of comment letters they sent the regulator when its original risk-based capital proposal was issued, but a revision proposed last month garnered just 37 responses.
By John ReostiSeptember 12 -
Club owners used to be able to get bank loans, but that changed as the de-risking wave reshaped banks' relationships with pot firms, exotic dancers and many others. Whether the taboo can or should last becomes a big question as adult entertainment keeps growing.
By John ReostiSeptember 6 -
Doug Bass had been one of the South Dakota company's regional presidents. He succeeded Ken Karels, who remains chairman and CEO.
By John ReostiAugust 30 -
Richard Murray IV was named chairman, succeeding John Holcomb III. Murray replaced Holcomb as CEO last year.
By John ReostiAugust 28 -
Bank7, which aims to raise $75 million, also has extensive dealings in the hospitality industry. The company has completed two acquisitions since 2011.
By John ReostiAugust 27 -
Larger community banks are favoring bigger targets — or relying more on organic growth — to expand.
By John ReostiAugust 24 -
The Troy, Mich., company is operating unfettered by regulatory orders for the first time in a decade, and its CEO says Flagstar now has the flexibility to pull the trigger faster on deals and accelerate its diversification beyond mortgages.
By John ReostiAugust 21 -
The Michigan company had been operating under the supervisory agreement since 2010.
By John ReostiAugust 17 -
Craig Kauffman had been a regional executive for Susquehanna Bancshares and BB&T.
By John ReostiAugust 17 -
Ratings firms and mutual funds are seeing greater value in community banks because of their simplicity and local connections.
By John ReostiAugust 16 -
The veteran banking attorney, who also worked at the FDIC and OCC, passed away Tuesday following a battle with cancer.
By John ReostiAugust 15 -
While the looming loan-loss accounting standard has been criticized for its complexity and the potential cost to implement, some advocates believe it could also lead to better pricing decisions and improve communication within a bank.
By John ReostiAugust 9 -
The unnamed customer, who was on a list of suspects involved with weapons of mass destruction, used an HSBC credit card to make 12 payments in the second quarter, the company told shareholders Monday.
By John ReostiAugust 6 -
The regulator’s move comes as Congress is considering legislation that would offer credit unions an even lengthier delay.
By John ReostiAugust 2 -
The industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications.
By John ReostiAugust 1 -
Seven credit unions have asked Michigan's banking regulator for permission to launch a trust company, a move that bankers says oversteps that industry's role of helping people of modest means.
By John ReostiAugust 1 -
Credit unions and banks continue to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses.
By John ReostiJuly 27 -
The industry continues to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses.
By John ReostiJuly 27 -
The Ohio company said low unemployment is keeping business clients from expanding, while higher asking prices are forcing it to avoid bank acquisitions.
By John ReostiJuly 25


















