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 Connecticut bank, which has been unable to complete a pending deal for an SBA platform, has managed to build the business anyway.
March 13 -
John Quill, a former deputy comptroller, had a key role deciding which banks could participate in the Troubled Asset Relief Program.
March 7 -
For years Carter Bank in Virginia had resisted technology of all kinds — even ATMs. But a leadership change, rising rates and a thirst for low-cost deposits finally led to a change in philosophy.
March 6 -
United Community, Synovus, Cadence and others stand to gain lenders and customers even if BB&T flawlessly integrates the $28 billion acquisition.
February 27 -
The agency wants to increase the maximum SBA Express loan to $1 million from $350,000 to pump up volume.
February 26 -
The company will close a dozen branches, including eight in Colorado.
February 21 -
Credit card issuers would have to set aside more in reserves because of higher loss histories, according to research by Keefe, Bruyette & Woods on the impact of the new loan-loss standard.
February 20 -
"You can't meet customers at the headquarters," CEO Kevin Cummings tells his senior executives.
February 15 -
The National Credit Union Administration board was also briefed on a final interagency rule regarding private flood insurance during its regular monthly meeting.
February 14 -
The agency's update is good news for banks digesting data suggesting that nonbanks cut into their share of small-business loans during the partial government shutdown.
February 12
