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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It is comfortable with the deal for MidSouth despite the seller's lingering credit issues, given a shared history and the opportunity to add low-cost deposits.
May 1 -
The company, which has invested $3 million in fintech in recent years, said the value of the portfolio is nearing $14 million.
April 30 -
The NCUA is letting Union Yes in California raise capital by turning to temporary funding sources, which banks have complained is an example of the regulator's overreach.
April 29 -
The NCUA is letting Union Yes in California raise capital by turning to temporary funding sources, which banks have complained is an example of the regulator's overreach.
April 29 -
Banks from the North and South are converging on the city, spurred by a spike in deposits and employment numbers that trump national averages.
April 26 -
Stephen Steinour said it was pure conjecture that Huntington was a possible suitor for the Dallas bank if it decides to put itself up for sale at some point. He emphasized Huntington's core-growth strategy and upbeat economic signs from consumers and businesses.
April 25 -
SmartFinancial lined up a compelling merger with Entegra. Then a bigger bank offered more money and a higher premium.
April 24 -
The acquisition also includes $525 million in deposits and $120 million in loans.
April 22 -
The current compensation rule, which was last updated more than two decades ago, is confusing, industry experts said.
April 18 -
While NCUA lawyers fielded questions about the possibility of redlining, a three-judge appeals panel showed skepticism about other elements of the ABA's arguments against changes to credit union membership rules.
April 16
