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 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 -
If the government insists on forcing another shutdown, business owners are intent on letting Congress know how much the last one hurt.
February 11 -
Regional and community banks are eager to buy branches and hire top performers from the merging companies.
February 8 -
Bankers weigh their options in mortgage and CRE lending as implementation of a new accounting standard nears.
February 4 -
Lenders are glad the agency worked swiftly through a backlog of paperwork, but they're worried funds will get cut off if the government closes again.
February 1 -
Bigger banks complained that a two-tier system would force them to rethink their models, while smaller banks raised concerns about adding more complexity to an already burdensome process.
January 28 -
At a FASB meeting Monday on proposed changes to the accounting standard, its critics will be given a platform.
January 25 -
With SBA lending at a standstill, many small businesses can't access the capital they need to create and retain jobs, Stephen Steinour says.
January 24 -
The New York company will add $504 million of asset-based and equipment finance loans as part of the acquisition.
January 23 -
Industry groups and lawmakers have joined bankers in insisting the agency develop a plan to resolve the paperwork problem before the partial government shutdown ends.
January 23 -
The shutdown is keeping the agency from approving about 300 loans per day, according to CBA President Richard Hunt.
January 22 -
The Virginia company cautioned that it expects lending to slow down this year.
January 22 -
The Tennessee company is pleased with loan growth. It has also been able to reduce its dependence on brokered deposits as it brings in new customers following its purchase of Capital Bank.
January 18 -
A spike in charge-offs in the third quarter stoked concerns about commercial real estate exposure. Shares in the Arkansas company rose after it reported its fourth-quarter results.
January 18 -
Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes.
January 17
