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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A federal judge struck down two provisions of the National Credit Union Administration's embattled field of membership regulation as "manifestly contrary to statute," while upholding two others.
March 29 -
A federal judge has upheld two provisions from NCUA's revised field-of-membership rule but struck down two other measures related to population centers.
March 29 -
Live Oak Bancshares took two years developing a loan for cemetery operators, a group that faces challenges with financing for property improvements.
March 27 -
As tax reform spurs demand, a rising rate environment is making the short-term loans more appealing to banks.
March 22 -
The company will take a nearly $10 million hit after setting aside funds to cover a case of potential borrower fraud.
March 16 -
The National Credit Union Administration’s defense of changes to a field-of-membership rule was challenged by a federal judge on Wednesday, suggesting an American Bankers Association lawsuit against the revisions may be successful.
March 14 -
The SBA may back off of poultry loans after its inspector general determined that farmers are often controlled by big corporations. That could cause headaches for lenders with a focus on that business.
March 12 -
The move provides a strong hint of the long-term succession plan CEO Leon Holschbach is putting in place.
March 8 -
Howard Bancorp and Bryn Mawr Bank are trying different approaches to reach out to underserved markets they’ve entered via acquisitions. Creative in-house initiatives may take on added importance as regulators move to "dial back" Community Reinvestment Act rules.
March 7 -
The company received bad news about the commercial loan after it reported a narrow profit in mid-February.
March 6
