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 agency has earmarked all funds from a Hurricane Harvey recovery package for direct relief, despite calls to get more bankers involved in the process. It remains to be seen how the agency will handle the cleanup for Hurricane Irma.
By John ReostiSeptember 11 -
Quaint Oak in Pennsylvania is making a big push in real estate brokerage, a business that many state-chartered banks might think is illegal for them to pursue.
By John ReostiSeptember 5 -
The Wisconsin company plans to shutter half of Bank Mutual's branches, including seven in Milwaukee.
By John ReostiSeptember 1 -
The agency has a relatively new program designed to quickly get funds into disaster-stricken areas. The problem is that many bankers don't know it exists.
By John ReostiAugust 30 -
Landmark Bancorp in Manhattan, Kan., could lose more than $5 million — more than it earned in the first half of the year — if a recently discovered overdraft situation cannot be resolved.
By John ReostiAugust 23 -
Bryn Mawr Bank has launched a mutual fund at a time when heightened competition and regulatory oversight are the norm.
By John ReostiAugust 22 -
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.
By John ReostiAugust 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.
By John ReostiAugust 2 -
The Michigan company's profit benefited from a larger balance sheet and a reduction in merger-related expenses.
By John ReostiJuly 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.
By John ReostiJuly 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.
By John ReostiJuly 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.
By John ReostiJuly 21 -
The Ohio company also reported that credit quality metrics remain well within its targeted range.
By John ReostiJuly 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.
By John ReostiJuly 20 -
The $482 million deal would be Associated's first bank acquisition since June 2007.
By John ReostiJuly 20 -
KS Bancorp initially chided First Citizens for its aggressive moves before deciding to mull the offer over.
By John ReostiJuly 19 -
First Home Bank raised nearly 20% more than it sought from investors, providing proof that Florida — especially the Tampa Bay area — is a hotbed of activity.
By John ReostiJuly 19 -
Working with Sungage Financial will help NBT Bancorp diversify its consumer loan portfolio and learn from a fintech startup with a speedy credit approval process.
By John ReostiJuly 13 -
The Treasury Department will take a huge hit when Cecil Bancorp sells its bank, while 1st Mariner Bank in Baltimore will see its equity stake completely wiped out. Cecil opted for bankruptcy court when it was unable to resolve an impasse over its trust-preferred stock.
By John ReostiJuly 11 -
Green Bancorp has pivoted from the troubled energy-lending market to SBA loans, which are appealing to more small banks because they can be sold at a premium and are getting more support from Washington.
By John ReostiJuly 6

















