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 Delaware company recently learned of a disputed transaction that could take a bite out of future earnings.
October 25 -
The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas.
October 24 -
Midsize players like BankUnited, BOK and Fulton Financial plan to rely on selective M&A, catering to niches overlooked by big banks, aggressive recruitment of commercial lenders and other strategies to stimulate revenue growth.
October 23 -
The group's Wake Up initiative will include legislative and regulatory proposals, along with added resources to help members push for a level playing field.
October 21 -
Malaga Financial has no intention of diversifying its portfolio despite heavier competition and potential funding challenges.
October 20 -
FASB delayed implementation for the majority of banks and credit unions until 2023, but many in the industry still oppose the rule, despite regulators' attempts to ease the path forward.
October 17 -
Bank groups that lobbied unsuccessfully for the rent waivers credit unions receive now back a bill that would create equal rates for both industries.
October 16 -
The accounting board delayed implementation for the majority of banks and credit unions until 2023.
October 16 -
Despite a strong economy, volume in the agency's flagship loan program has declined for two straight years. Here's why.
October 10 -
A strong economy, low-cost deposits and disruption from M&A are presenting opportunities.
October 8
