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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Huntington Bancshares in Columbus, Ohio, is significantly raising the ante in philanthropic and community development investments connected to its planned acquisition of FirstMerit.
May 20 -
New Chairman Rick Metsger said the regulator will likely extend due date for second quarter call reports because of July 4th holiday and expects to establish end-of-month deadline by the end of the year.
May 19 -
A study commissioned by the Massachusetts Bankers Association found a correlation between a spike in credit unions with low-income designations and an increase member business lending in the state.
May 18 -
A study commissioned by the Massachusetts Bankers Association found a correlation between a spike in credit unions with low-income designations and an increase in member business lending in the state.
May 18 -
Huntington Bancshares is the latest institution to add a cybersecurity expert to its board, highlighting the growing importance of guarding against hackers and other online dangers.
May 16 -
State Bank Financial in Atlanta just hired a lending team that will take its SBA lending operation to the next level. The moves comes as the SBA reports a record number of 7(a) loans.
May 9 -
New rules have made it more challenging to originate mortgages without drawing attention from regulators. Mercantile Bank in Michigan, however, believes that positive trends in its biggest markets are incentive enough to hire lenders and improve its systems.
May 4 -
At least one banker has gone public with expectations that the OCC will force his institution to hold more capital. More could soon follow.
May 3 -
No one at Old Fort Banking could afford to buy the large stake being sold by the Ohio bank's majority shareholder. So the employee stock ownership plan stepped in, and now it plans to take full control of Old Fort's holding company.
April 28 -
The Financial Accounting Standards Board gave final approval Wednesday to its controversial Current Expected Credit Loss standard, but agreed to delay its implementation deadlines by a year in response to protests from banks and credit unions.
April 27
