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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Thomas O’Brien made a series of aggressive cuts at Sun Bancorp in New Jersey before orchestrating its sale to OceanFirst.
January 31 -
The proposed legislation would give the agency authority to increase funding for the 7(a) program — with several caveats designed to manage exposure.
January 26 -
The proposed legislation would give the agency authority to increase funding for the 7(a) program — with several caveats designed to manage exposure.
January 26 -
The agency will issue proposed changes to the quarterly financial reporting system for a 60-day comment period. The aim is to streamline the 'backbone' of the regulator's examination data-collection efforts.
January 25 -
The Michigan company's earnings, excluding one-time items, increased meaningfully after it cut operating costs.
January 23 -
An economic correction is long overdue, the Ohio company says in explaining why now is the wrong time for long-term entanglements like mergers.
January 23 -
The results also included a large one-time benefit tied to recently passed tax reform.
January 23 -
There were no sighs of relief from bankers, who realize their planning could still prove useful as the potential for another shutdown looms.
January 22 -
The Arkansas company has spent two years trying to reassure nervous investors and analysts that it can rapidly book real estate loans using conservative practices.
January 18 -
Endeavor Bank, which raised nearly $27 million, will become the second new bank to open in California in the past year when it debuts next week.
January 17
