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 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 -
Seacoast in Florida slashed the time it took to make 7(a) loans within months after establishing a partnership with an online lending startup.
May 22 -
The Nashville company significantly reduced the 2018 earnings projection for its mortgage business.
May 21 -
Michael Fitzgerald, who was selected to lead United Bank, was CEO of Bank of Georgetown for 11 years before it was sold to United.
May 18 -
The most common credit union mergers involve a small credit union being acquired by a much larger one, but that could be changing, as three recent deals involving credit unions with more than $300 million in assets as the ones being merged out.
May 16 -
Bigger credit unions present a formidable challenge for banks in areas such as business lending.
May 16 -
Bank of Hawaii will serve Japanese citizens looking to conduct business in the United States.
May 15 -
State Bank popped up on the Houston company’s radar eight years ago, but management waited until now to strike.
May 14 -
After a long battle with the Justice Department over redlining charges, KleinBank caved as legal costs soared.
May 9
