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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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 -
Salvatore Marranca and Garrett Richter have a lot in common: both found success in the banking world after army service in Vietnam. It was that wartime experience, though, that set them apart from most of their peers.
November 11 -
Parke Bancorp in New Jersey decided to sell its SBA lending business when it realized the group had national aspirations. Berkshire Hills Bancorp, a larger bank in Massachusetts, was pleased to buy the unit.
November 9
