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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ES Bancshares, which recently sold a branch near Poughkeepsie, plans to open second branches in the two boroughs.
June 23 -
Chemical Financial was caught off guard by CEO David Ramaker's decision to retire. Fortunately, Chemical had retained Talmer Bancorp CEO David Provost after buying his bank a year earlier.
June 21 -
The CFPB and others believe alternative data could provide more credit to the unbanked. Small banks and credit unions, however, have lingering concerns about breaking from traditional underwriting.
June 20 -
The CFPB and others believe alternative data could provide more credit to the unbanked. Small banks and credit unions, however, have lingering concerns about breaking from traditional underwriting.
June 19 -
Casey Crawford, head of the rapidly growing Movement Mortgage, recently recapitalized First State Bank in Danville, Va., with his own money.
June 14 -
Beacon Community Bank aims to become the first bank to open in Charleston, S.C., in a decade.
June 8 -
BCB Bancorp will pay $20 million for Indus American Bank, a New Jersey institution that focuses on the South Asian-American business community. Indus American lost a total of $2.5 million in 2015 and 2016.
June 8 -
The accounting board has scheduled a meeting that bankers hope will produce eleventh-hour modifications to reserving requirements.
June 6 -
The trade group filed a brief backing an effort by the American Bankers Association to push back against the NCUA's planned revisions to field-of-membership regulation.
June 6 -
The ICBA has filed a supporting brief to the American Banker's Association's FOM suit against NCUA, but a rapid decision is unlikely, and the case has already dragged on longer than the bankers' MBL suit.
June 6
