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 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 -
Iberiabank is making the biggest deal in its history in Miami, an area known for boom-bust cycles and a condo market that stung banks during the crisis.
March 1 -
Commerce Union had been focused on expanding around Nashville, Tenn., until a lender based 120 miles away was available to hire.
February 27 -
The Denver bank had spent the last two-plus years addressing concerns about capital and underwriting procedures.
February 24 -
The industry had cause to celebrate when the regulator revamped its MBL and FOM regulations, but several fights are brewing.
February 24 -
At its February meeting, the NCUA Board approved a routine measure to reauthorize an 18% interest rate cap on loans, but suggested that it’s time for Congress to make some changes.
February 23
