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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Lynn Harton was finally named CEO of United Community Bank after a five-year apprenticeship, though Jimmy Tallent remains CEO of the parent company. The executives have long touted an ability to bounce ideas off each other as a reason for United's success.
August 17 -
The ranks of mutually owned banks are in decline. Survivors say sharper marketing, better access to capital and lower barriers to entry could stop the bleeding.
August 2 -
The Michigan company's profit benefited from a larger balance sheet and a reduction in merger-related expenses.
July 26 -
The New Jersey bank is looking to raise offensive capital just months after its deal to be sold to Investors Bancorp was terminated. Investors was tripped up by regulatory concerns tied to Bank Secrecy Act and anti-money-laundering compliance.
July 24 -
Delmar will buy Liberty Bell Bank in New Jersey, which had survived a debilitating six-year battle for control with a former CEO. Liberty Bell also suffered from corporate theft and a check-kiting scandal.
July 24 -
Associated Banc-Corp is the latest industry welterweight to get back into M&A. That should benefit larger sellers that have watched the bigger regionals sit idle in the last couple of years.
July 21 -
The Ohio company also reported that credit quality metrics remain well within its targeted range.
July 21 -
After having insisted many times that it couldn't begin returning funds to CUs until 2021, the agency may have found a way to start making payments as early as 2018.
July 20 -
The $482 million deal would be Associated's first bank acquisition since June 2007.
July 20 -
KS Bancorp initially chided First Citizens for its aggressive moves before deciding to mull the offer over.
July 19
