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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Larger community banks are favoring bigger targets — or relying more on organic growth — to expand.
August 24 -
The Troy, Mich., company is operating unfettered by regulatory orders for the first time in a decade, and its CEO says Flagstar now has the flexibility to pull the trigger faster on deals and accelerate its diversification beyond mortgages.
August 21 -
The Michigan company had been operating under the supervisory agreement since 2010.
August 17 -
Craig Kauffman had been a regional executive for Susquehanna Bancshares and BB&T.
August 17 -
Ratings firms and mutual funds are seeing greater value in community banks because of their simplicity and local connections.
August 16 -
The veteran banking attorney, who also worked at the FDIC and OCC, passed away Tuesday following a battle with cancer.
August 15 -
While the looming loan-loss accounting standard has been criticized for its complexity and the potential cost to implement, some advocates believe it could also lead to better pricing decisions and improve communication within a bank.
August 9 -
The unnamed customer, who was on a list of suspects involved with weapons of mass destruction, used an HSBC credit card to make 12 payments in the second quarter, the company told shareholders Monday.
August 6 -
The regulator’s move comes as Congress is considering legislation that would offer credit unions an even lengthier delay.
August 2 -
The industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications.
August 1 -
Seven credit unions have asked Michigan's banking regulator for permission to launch a trust company, a move that bankers says oversteps that industry's role of helping people of modest means.
August 1 -
Credit unions and banks continue to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses.
July 27 -
The industry continues to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses.
July 27 -
The Ohio company said low unemployment is keeping business clients from expanding, while higher asking prices are forcing it to avoid bank acquisitions.
July 25 -
The company will no longer originate indirect auto loans outside of Florida and Georgia.
July 20 -
OneUnited in Boston recently issued a debit card supporting immigrants, taking a public stand on a divisive national issue.
July 18 -
While the Small Business Investment Companies program has reported disappointing results since its 2015 peak, participating funds are getting more looks from curious bankers.
July 12 -
A former chief financial officer at Hanover Bancorp is trying to separate the roles of chairman and CEO as part of a sweeping demand for change.
July 10 -
Woodforest National in Texas has relied heavily on hundreds of in-store branches and overdraft fees to boost revenue. That is starting to change.
July 9 -
The leader of an Ohio mutual is urging his peers to follow the lead of credit unions by forming groups to share technology and collaborate on lending and deposit gathering.
July 5
