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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First Mutual Holding is buying the tiny Blue Grass Federal and keeping its charter. The deal will allow the seller to save costs and maintain its autonomy.
By John ReostiAugust 20 -
A panel of federal appeals court judges reversed a district court’s decision on the NCUA’s controversial field-of-membership rule, but saw merit in bankers’ claims of potential redlining.
By John ReostiAugust 20 -
A panel of federal appeals court judges reversed a district court’s decision on NCUA’s controversial field-of-membership rule, but saw merit in bankers’ claims of potential redlining.
By John ReostiAugust 20 -
Professional Bank and Marquis Bank, both of Coral Gables, have been competing against each other for more than a decade. Now they are merging in hopes of landing larger clients and making better use of technology being developed in Professional's innovation lab.
By John ReostiAugust 18 -
Tussles over risk-based capital have preoccupied the agency of late, but Rodney Hood says he also wants to foster growth of minority-owned institutions and make sure credit unions are taking the hacker threat seriously.
By John ReostiAugust 12 -
Lawmakers and others faulted the agency's foot-dragging on approving licenses and funding requests for small-business investment companies, whose owners include banks.
By John ReostiAugust 7 -
A fight between Democrats and Republicans over a proposal to let the SBA’s Office of Advocacy challenge rulings made by other government agencies is threatening to hold up funding for small-business loan guarantees.
By John ReostiAugust 2 -
The Delaware company, best known for issuing prepaid cards, has ramped up commercial real estate securitizations. The shift promises to deliver big fees, but it could also cause headaches if defaults spike.
By John ReostiJuly 30 -
The Maryland bank has to show that it can once again overcome accusations of possible misdeeds — this time tied to a political corruption probe. And there may be other problems.
By John ReostiJuly 23 -
County Bancorp is a small dairy lender in Wisconsin with an exposure to milk prices, and Bank OZK is a larger bank in Arkansas coping with out-of-market real estate trends. Their stories show how market sensitivities can vex specialists.
By John ReostiJuly 19