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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Many bankers want to focus more on the forgiveness process, assessing the status of deferrals and pursuing traditional lending opportunities.
July 21 -
While rival banks reported increases in loans and deposits, thanks largely to their participation in the Paycheck Protection Program, State Street and Bank of New York Mellon saw their balance sheets shrink in the second quarter.
July 17 -
The proposed Chicago de novo would focus on serving female entrepreneurs.
July 16 -
The South Carolina-based credit union will buy two locations from Arkansas-based Bank OZK as it moves to exit the Palmetto State.
July 16 -
The Arkansas bank is selling two South Carolina branches to a credit union just two weeks after announcing plans to divest its branches in Alabama.
July 16 -
Greater Nevada Credit Union, like a number of community banks, agreed to sell its Paycheck Protection Program loans to avoid having to navigate the complicated forgiveness process.
July 15 -
A growing number of lenders are unloading loans made through the Paycheck Protection Program.
July 15 -
Pedro Bryant will oversee a $3 million effort to fund small businesses in disadvantaged communities.
July 14 -
For all banks' claims that credit unions pose a threat to their commercial lending market share, they've accounted for just 2% of volume in the Paycheck Protection Program.
July 13 -
For all banks' claims that credit unions pose a threat to their commercial lending market share, they've accounted for just 2% of volume in the Paycheck Protection Program.
July 10
