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 $542 million acquisition would more than double the Florida-based bank's assets and deposits in one of the nation's most competitive markets.
July 23 -
Small Business Administration lenders have reported strong quarterly results, but those gains could evaporate later this year. Here’s why.
July 23 -
A flurry of activity in recent weeks has prompted chatter on earning calls about banks’ merger ambitions. While some CEOs bemoaned high asking prices, others said they are making more inquiries, identifying targets and, in some cases, closing in on deals.
July 21 -
The Massachusetts thrift is borrowing from the playbook of larger rivals as it looks to add customers from outside its Boston-area footprint.
July 19 -
United Community Banks in South Carolina and Blue Ridge Bancshares in Virginia have each struck agreements to buy or merge with banks in major metropolitan markets, where they will aim to siphon business from larger rivals.
July 15 -
Acquiring the city’s largest bank would give Pittsburgh-based FNB the No. 6 market share in Maryland's largest city.
July 13 -
It will be Christopher McComish’s second tour as a bank CEO. He led Scottrade bank for two years, between 2015 and 2017.
July 12 -
The San Jose, California, bank will take a hit to second-quarter earnings to settle claims arising from an alleged Ponzi scheme.
July 9 -
Sam Susser, who built a family business of more than 630 convenience stores in the state, thinks he can find similar success in community banking by courting small commercial clients that larger rivals have outgrown.
July 7 -
The Ohio community bank generated 76% of its 2020 revenue from the three-year-old business line. But mortgages are cyclical, and the bank wants to step back before things get rough.
July 6
