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 company will no longer originate indirect auto loans outside of Florida and Georgia.
July 20 -
OneUnited in Boston recently issued a debit card supporting immigrants, taking a public stand on a divisive national issue.
July 18 -
While the Small Business Investment Companies program has reported disappointing results since its 2015 peak, participating funds are getting more looks from curious bankers.
July 12 -
A former chief financial officer at Hanover Bancorp is trying to separate the roles of chairman and CEO as part of a sweeping demand for change.
July 10 -
Woodforest National in Texas has relied heavily on hundreds of in-store branches and overdraft fees to boost revenue. That is starting to change.
July 9 -
The leader of an Ohio mutual is urging his peers to follow the lead of credit unions by forming groups to share technology and collaborate on lending and deposit gathering.
July 5 -
Nelnet’s planned bank would be an online enterprise focused on gathering deposits and making private student loans.
June 29 -
Sponsoring so-called pitch competitions helps lenders gain Community Reinvestment Act credit and gather deposits.
June 28 -
A number of banks are upgrading technology and hiring more lenders to better reach small-business owners, who are becoming more confident in their outlooks.
June 27 -
A new rule from the NCUA is designed to curry more favor with judges by establishing a detailed application process for expansion-minded credit unions. Banks complain it would be too permissive.
June 21 -
First Western in Colorado and Coastal Financial in Washington are the latest banks to disclose plans to go public.
June 20 -
The National Credit Union Administration is set to vote on revisions to its field-of-membership rule, even as it's entangled in a legal dispute with the American Bankers Association over the rule.
June 19 -
Rodney Hood served on the NCUA board from 2005 to 2009, and his nomination to return to the board was greeted warmly across the industry.
June 18 -
Legislation with bipartisan support would raise the threshold for reporting suspicious activity, a goal banks have long sought.
June 12 -
Live Oak is the latest bank to jump into this niche lending area. But some warn they are beginning to see cracks in credit quality.
June 7 -
The bill is one of two SBA-related measures the Senate approved late Tuesday and sent to President Trump to sign into law.
June 6 -
The bill is one of two SBA-related measures the Senate approved late Tuesday and sent to President Trump to sign into law.
June 6 -
Bankers hope to claw back even more of the agency's rule rather than merely defend their partial victory in the judge's original split decision.
June 5 -
The advisory vote came two weeks after Preferred Bank in Los Angeles disclosed a major loan default.
June 5 -
A coalition of free-market-oriented groups is calling on Senate Finance Committee Chairman Orrin Hatch to rethink his push for a new tax on credit unions.
May 23
