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.
-
Mark Schroeder has led the Jasper, Ind., company to six straight years of record profit by sticking to a simple model that emphasizes relationship banking and small, strategic acquisitions.
December 6 -
The veteran banker, who is taking the nonexecutive chairman post at Republic First Bancorp in Philadelphia after a long hiatus from the U.S. market, stands by the model he pioneered at Commerce despite a much-changed environment.
December 6 -
The billionaire investor will soon step down from the New Jersey company's board as he prepares to become Commerce secretary. The appointment, however, shouldn't force any changes in his firm's holdings or its investment in the banking sector.
December 1 -
The Pennsylvania company has redoubled its outreach to low- and moderate-income consumers by partnering with Operation Hope on a down payment assistance program and naming a veteran banker to the newly created post of director of fair and responsible banking. But despite these efforts, history says Fulton is unlikely to escape punishment if the Justice Department finds that it violated fair-lending laws.
November 23 -
The Independent Community Bankers of America has asked a federal judge to reject a motion by the National Credit Union Administration petitioning for the dismissal of a lawsuit filed by the ICBA that challenges recent revisions to the agency's member business lending regulation.
November 17 -
The Independent Community Bankers of America have asked a federal judge to reject a motion by the National Credit Union Administration petitioning for the dismissal of a lawsuit filed by ICBA that challenges recent revisions to the agency's member business lending regulation.
November 17 -
Carter Bank in Virginia had been enjoying record profit until it was ordered to beef up Bank Secrecy Act compliance. The institution is the latest community bank to take a hit from enhanced oversight.
November 17 -
Sterling Bancorp in Montebello, N.Y., is planning to raise up to $81 million through a stock offering.
November 17 -
If there is one thing credit unions and banks can agree on with regard to the National Credit Union Administration's latest effort to revamp its field-of-membership rules it is this: a lawsuit is brewing.
November 14 -
Probably the one thing credit unions can agree on regarding field of membership is this: a legal challenge to the new rule is coming soon.
November 11
