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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PNC chief Bill Demchak says he's pretty sure the U.S. isn’t heading into recession, but asset quality is so strong that the regional bank is giving itself a wide berth in forecasting its loan-loss provision in case of the unexpected.
By John ReostiJanuary 16 -
The Georgia company will abstain from acquisitions this year as it looks to make internal improvements.
By John ReostiJanuary 15 -
The company, which has yet to report quarterly earnings, said the moves will turn a profit over time.
By John ReostiJanuary 14 -
The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.
By John ReostiJanuary 11 -
The agency is unable to process loan applications and faces a daunting backlog once Washington returns to work.
By John ReostiJanuary 8 -
CEOs on the hot seat. Banks fighting to stay independent. Comfortable players ripe for disruption from Amazon and others. It is shaping up as a riveting year.
January 8 -
An “emergency merger” with the troubled Progressive Credit Union gives PenFed — already the nation’s third-largest credit union — the ability to welcome any potential member nationwide.
By Palash Ghosh and John ReostiJanuary 4 -
An “emergency merger” with troubled Progressive Credit Union gives PenFed – already the nation’s third-largest credit union – the ability to welcome any potential member nationwide.
By Palash Ghosh and John ReostiJanuary 4 -
A smooth integration of Access National could allow John Asbury, CEO of Union Bankshares, to move a step closer to building a regional franchise that stretches from Baltimore to Hampton Roads.
By John ReostiJanuary 2 -
Bank OZK's George Gleason, one of our community bankers to watch in 2019, needs to rein in the Arkansas bank's commercial real estate exposure to placate nervous investors.
By John ReostiDecember 31 -
The branch closures will reduce overhead by an estimated $1.9 million a year.
By John ReostiDecember 28 -
Cadence has upped the exchange ratio by 10%, a move made necessary by the 40% decline in its stock price since the deal was announced in May.
By John ReostiDecember 26 -
It was a year to remember for women executives at SunTrust and Amex’s new CEO, and one to forget for Wells Fargo and investors in bank stocks.
December 25 -
The settlement of a fight with an insurance company over officer and director coverage yielded a $6 million payout for FNCB in Dunmore.
By John ReostiDecember 24 -
Detractors are suddenly hopeful that the controversial accounting standard could be delayed or altered after FSOC's longer-than-expected closed session on the issue.
By John ReostiDecember 20 -
The move is sure to draw criticism from bankers because it would allow credit unions to compete for backing from private investors.
By John ReostiDecember 19 -
The move is sure to draw criticism from bankers because it would allow credit unions to compete for backing from private investors.
By John ReostiDecember 18 -
Live Oak Bancshares became an SBA juggernaut by making loans, selling them and making more. With economic conditions changing, it is retaining more credits.
By John ReostiDecember 14 -
The National Credit Union Administration board voted to decrease the normal operating level for the share insurance fund in addition to prioritizing alternative capital as part of its regulatory reform.
By John ReostiDecember 13 -
Brad Sherman of California and Gregory Meeks of New York are worried the proposed accounting standard for recording loan losses will reduce access to credit for small businesses and low- and moderate-income communities.
By John ReostiDecember 13



















