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 received bad news about the commercial loan after it reported a narrow profit in mid-February.
March 6 -
Triumph Bancorp has developed technology to help freight brokers make faster payments to truckers, charging a fee for the service.
February 16 -
NCUA unveiled its methodology for how it would return a $736 million equity distribution from the share insurance fund, but a small group of CUs won't share in the largesse, and some still think the payment isn't big enough.
February 15 -
People's Bank of Commerce in southern Oregon decided it had to diversify to survive, so when a director heard a factoring firm he co-founded was up for sale, the bank seized the moment. Now it has other deals in mind.
February 13 -
HopFed was ordered to pay the legal fees for Stilwell Group, which sued the bank after its directors passed a bylaw intended to keep the investor off its board.
February 12 -
Codorus Valley Bancorp fired Dwight Utz, the head of its bank unit, "without cause" just a few weeks after reporting earnings of $12 million for 2017.
February 8 -
Patriot National in Connecticut planned to build a regional small-business lending operation on its own — until it had a chance to buy a national platform.
February 7 -
Patriot National in Connecticut would become the latest community bank to ramp up small-business lending with its $81 million deal to acquire Hana Financial's much larger SBA lending unit.
February 6 -
Seacoast Commerce is San Diego is already one of the biggest Small Business Administration lenders — half the loans on its books are tied to SBA programs. But will its underwriting hold up outside its traditional markets?
February 2 -
Credit union groups were scrambling Wednesday to respond to a letter from Senate Finance Committee Chairman Orrin Hatch questioning whether the industry had outgrown its income-tax exemption.
February 1
