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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Last-minute arguments from the American Bankers Association have put the National Credit Union Administration on the back foot in advance of an appeal hearing more than a year in the works.
By John ReostiApril 15 -
Last-minute arguments from the American Bankers Association have put the National Credit Union Administration on the back foot in advance of an appeal hearing more than a year in the works.
By John ReostiApril 15 -
Urfer co-founded a business with the banking automation pioneer John Diebold, worked for Chase Manhattan and other major banks, and played an important role in the Nixon administration, phasing out exchange controls.
By John ReostiApril 12 -
The chairwoman of the House Small Business Committee promised to block action on the agency's budget unless it can justify its fee-hike request.
By John ReostiApril 11 -
With an implementation deadline less than a year away, bankers will be pressed to detail how a new accounting rule for loan losses will affect reserves, earnings and capital.
By John ReostiApril 9 -
Sloane, who died on Saturday, refused to bulk up on commercial real estate loans, a move that helped him survive two severe economic downturns.
By John ReostiApril 9 -
Lenders argue that the move is premature, citing record-low charge-offs in the agency's 7(a) program.
By John ReostiApril 3 -
Trying to keep pace with big banks that digitize as many processes as possible will undercut community banks’ strengths, according to speakers at this year’s ICBA convention.
By John ReostiMarch 21 -
More than 20 banks have been sold to credit unions. A prominent banking lawyer made the case at this year's ICBA convention that banks can become more aggressive acquirers.
By John ReostiMarch 19 -
Congress granted banks significant reg relief last year, but incoming ICBA Chairman Preston Kennedy says a lighter touch is needed with Bank Secrecy Act rules, loan-loss modeling and call reports.
By John ReostiMarch 18