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 Arkansas company's net income topped $100 million for the first time, though it largely reflected the revaluation of its deferred tax liability.
January 16 -
The Iowa company was sidelined by a Fed order for 2,155 days. Finally free, Ambank is open to making an acquisition and offering its mortgage origination services to other institutions.
January 12 -
Banks that have flocked to the business because of higher yields and loan diversity stand to benefit if clients use tax savings to upgrade equipment.
January 10 -
The company tapped a new president for the business, which it will also rebrand, after hiring a team from Scottrade Bank in Missouri.
January 9 -
MidSouth Bancorp in Lafayette, La., has appointed one of its regional executives to the newly created post of chief banking officer and moved to appoint a veteran turnaround banker to its board.
January 8 -
Rather than jump right away into lending to car buyers, Access National will start by offering CRE and M&A financing to dealerships.
January 5 -
The company, which sold about $3 million in stock through a private placement, also plans to add branches on Staten Island.
January 4 -
Kevin Stein, who runs a private equity firm, has also supervised banking groups at Barclays and FBR Capital Markets.
January 2 -
Doug Bowers contends that last year’s leadership shake-up, job cuts and corporate governance overhaul will make the company more competitive in its home state.
January 2 -
Carter Bank & Trust’s founder shunned internet banking and handled most executive duties himself. He died in April and his successor, Litz Van Dyke, is now working at breakneck speed to modernize this once-hidebound Virginia bank.
December 29
