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 trade association's lawsuit challenging new field-of-membership rules may have the opposite effect, as more credit unions consider expansion before the litigation is resolved.
April 13 -
Carter, who built what became Carter Bank and Trust from the ground up, was praised for his “uncanny” credit acumen, devotion to community and family, and willingness to take unconventional risks.
April 11 -
Linda McMahon told lawmakers the 7(a) program shouldn't run out of funds in fiscal 2017. Still, she wants permission to boost the program's funding authority by 15% if an unexpected spike in demand takes place.
April 10 -
Linda McMahon told lawmakers the 7(a) program shouldn't run out of funds in fiscal 2017. Still, she wants permission to boost the program's funding authority by 15% if an unexpected spike in demand takes place.
April 7 -
The Houston company was formed in 2009 to buy struggling banks in the wake of the financial crisis.
April 5 -
First Commonwealth in Pennsylvania is turning to a third party’s specialized software as the CECL standard makes forecasting credit losses more complicated. Other banks could follow.
April 4 -
The Buffalo, N.Y., company is filling gaps created when Mark Czarnecki, its former president, died in February after a battle with pancreatic cancer.
April 3 -
Without congressional help, the 7(a) program could be forced to shut down for the second time in three years.
March 30 -
The Arkansas company has bought 12 banks in Florida since 2010, and its CEO said he had coveted Stonegate for years before agreeing to buy it this week. Yet there is nagging talk about a new bubble in the Sunshine State.
March 28 -
Northwest Bancorp in Spokane said it has agreed to acquire the $131.1 million-asset CenterPointe Community Bank in Hood River, Ore.
March 24 -
Ann Marie Mehlum, who has joined a lending platform called SmartBiz Loans after stints as a community banker and an SBA official, says the combination of fintech and old-fashioned banking could bring back small-business loans under $100,000.
March 24 -
Community bankers want a two-year span between exams for small banks in good standing. Regulators, however, are reluctant to revert to pre-crisis policies.
March 20 -
Attendees at this year's Independent Community Bankers of America convention are being urged to lobby hard to get regulatory relief moved closer to the top of Washington's to-do list.
March 17 -
Scott Heitkamp is encouraged by a more positive tone coming from President Trump. His goal in the next year is to make regulation easier for his fellow bankers.
March 15 -
SBA lending is on a tear. Gulf Coast Bank & Trust is the latest institution to dive into doing this activity nationwide after buying CapitalSpring.
March 13 -
The tiny Flagship Bank has made an unusual bet in agreeing to pay 20 times current capital to buy BankMobile, but the same Durbin amendment that prompted Customers Bancorp to sell the unit also made Flagship the ideal buyer.
March 8 -
HCSB Financial received a second subpoena from the Troubled Asset Relief Program's special inspector general.
March 8 -
The price Customers Bancorp is getting for its BankMobile unit would exceed the initial estimates of $100 million to $150 million.
March 8 -
The New York bank will double in size while gaining greater access to Long Island and low-cost deposits that should come in handy as interest rates rise.
March 7 -
Bankers oppose legislation that would let local governments finance energy efficiency projects with liens ahead of the mortgage.
March 6
