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 deal between associations in Pennsylvania and Maryland will create a $5.9 billion-asset lender called Horizon Farm Credit.
May 26 -
Seiffert, who succeeded longtime CEO William Wagner, orchestrated the company’s entry into Indiana and the sale of its insurance unit. Northwest reported a record $161.9 million profit in 2021.
May 25 -
Acquiring the 151-year-old PCSB would give the buyer its first presence in the deposit-rich metro New York marketplace. After the $313 million deal closes, Brookline will operate two separately chartered subsidiaries in addition to its namesake bank.
May 24 -
Corrigan thrived on crisis situations, a colleague said. He received plenty of practice in 25 years at the Fed and another two decades at Goldman Sachs.
May 19 -
The lawsuit filed by the Philadelphia company's CEO claims an opposing board faction lacks a quorum. Hill seeks to bar the group from reinstalling founder Harry Madonna.
May 18 -
RBB Bancorp says it's investigating complaints by its former vice chairman, who stepped down along with another director, about potential conflicts of interest involving other members of the board.
May 17 -
Grain Technologies guarantees to cover fraud costs for the banks it works with. One of those partners, the $1.65 billion-asset Ponce Financial, recently disclosed just how high that figure has reached.
May 13 -
A U.S. District Court ordered the Philadelphia-based bank, headed by Vernon Hill, to respond by Monday to Driver Management’s claim that its board improperly postponed a May 10 shareholder meeting.
May 6 -
After failing to win funding for a direct-lending program last year, Small Business Administration chief Isabella Casillas Guzman says the agency continues to study the option because banks and credit unions are making fewer small-dollar 7(a) loans than several years ago.
May 2 -
First Century Bancorp has terminated its sale to First Internet Bancorp because the two banks were unable to close the transaction on schedule and failed to agree on terms for an extension.
May 2
