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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Beneficial Bancorp in Pennsylvania believes it can make a dent in a relationship-driven business that is expected to have more borrower demand in 2018.
November 15 -
The company hired Kevin Thompson, a CFO with big-bank experience, to take over its top financial post. Once a fast-growing bank, Opus has spent recent months cutting costs and exiting certain business lines.
November 14 -
The company has reapplied to buy Civic Bank more than a year after a regulatory snag forced it to put the deal on ice.
November 13 -
Outsiders gained access to customer information at Southern National Bancorp of Virginia using a malicious email. Other financial institutions, meanwhile, are implementing policies in hopes of avoiding the same fate.
November 10 -
Most of Sterling Bancorp's operations are in San Francisco and Los Angeles. The company plans to use some of the $93 million it will raise to expand in New York and Seattle.
November 9 -
Endeavor Bank in San Diego aims to be the third new bank to open this year. There is hope that as many as eight new institutions could open in 2018.
November 8 -
Boston-based State Street announced Tuesday that Chairman and CEO Joseph L. Hooley plans to step down from his leadership roles.
November 7 -
Evans Bancorp in New York believes the business is ill-suited for community banks and that it can draw unwanted attention from regulators.
November 1 -
The OCC has terminated orders against three of Fulton's banks. The company and two other banks still have BSA-related orders.
October 30 -
Many institutions have delayed planning for a big change to reserve accounting despite a belief that they should start testing systems and methodologies next year.
October 27
