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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Why a small bank like First Mid-Illinois ignored the conventional wisdom 'Commercial banks buy property/casualty firms.' 'Private-equity will outbid you.' 'Leave the innovation to the big guys.' and bought a retail health-insurance agency.
December 8 -
Achieva Credit Union is believed to be the first institution of its kind to complete a whole-bank acquisition. The deal could provide a template for other credit unions keen on buying banks.
December 3 -
Achieva Credit Union is believed to be the first institution of its kind to complete a whole-bank acquisition. The deal could provide a template for other credit unions keen on buying banks.
December 2 -
Darien Rowayton Bank used funds from a 2010 recapitalization to start refinancing student loans in a move that, so far, has been lucrative for the institution.
November 30 -
The head of the Independent Community Bankers of America fires a legal warning at NCUA and says relations between the two industries has never been more strained.
November 24 -
The head of the Independent Community Bankers of America fires a legal warning at NCUA and says relations between the two industries has never been more strained.
November 24 -
It wasn't enough for the agency to propose sweeping changes to field of membership at Thursday's meeting, as regulators also tackled the budget, OTR and industry calls for a longer exam cycle at a meeting that was punctuated by the some of the sharpest exchanges yet between Chairman Debbie Matz and Board Member J. Mark McWatters.
November 20 -
The agency's board, however, delayed action on a contentious proposal to increase a key population threshold for determining fields of membership in metropolitan markets. Bankers remain on alert, however, because the agency has indicated an interest in revisiting the issue.
November 19 -
The NCUA Board has a lot on its plate as it prepares for its regular monthly meeting tomorrow. It's scheduled to approve a budget and set the fee schedule and overhead transfer rate that will fund NCUA's operations in 2016 and tackle field of membership rules, as well.
November 18 -
A joint venture formed by a regional credit union trade group and a loan servicer has a simple mission: to help small credit unions that lack expertise in SBA lending jump into the booming 7(a) market.
November 17
