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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Nelnet’s planned bank would be an online enterprise focused on gathering deposits and making private student loans.
By John ReostiJune 29 -
Sponsoring so-called pitch competitions helps lenders gain Community Reinvestment Act credit and gather deposits.
By John ReostiJune 28 -
A number of banks are upgrading technology and hiring more lenders to better reach small-business owners, who are becoming more confident in their outlooks.
By John ReostiJune 27 -
A new rule from the NCUA is designed to curry more favor with judges by establishing a detailed application process for expansion-minded credit unions. Banks complain it would be too permissive.
By John ReostiJune 21 -
First Western in Colorado and Coastal Financial in Washington are the latest banks to disclose plans to go public.
By John ReostiJune 20 -
The National Credit Union Administration is set to vote on revisions to its field-of-membership rule, even as it's entangled in a legal dispute with the American Bankers Association over the rule.
By John ReostiJune 19 -
Rodney Hood served on the NCUA board from 2005 to 2009, and his nomination to return to the board was greeted warmly across the industry.
June 18 -
Legislation with bipartisan support would raise the threshold for reporting suspicious activity, a goal banks have long sought.
By John ReostiJune 12 -
Live Oak is the latest bank to jump into this niche lending area. But some warn they are beginning to see cracks in credit quality.
By John ReostiJune 7 -
The bill is one of two SBA-related measures the Senate approved late Tuesday and sent to President Trump to sign into law.
By John ReostiJune 6 -
The bill is one of two SBA-related measures the Senate approved late Tuesday and sent to President Trump to sign into law.
By John ReostiJune 6 -
Bankers hope to claw back even more of the agency's rule rather than merely defend their partial victory in the judge's original split decision.
By John ReostiJune 5 -
The advisory vote came two weeks after Preferred Bank in Los Angeles disclosed a major loan default.
By John ReostiJune 5 -
A coalition of free-market-oriented groups is calling on Senate Finance Committee Chairman Orrin Hatch to rethink his push for a new tax on credit unions.
By John ReostiMay 23 -
Seacoast in Florida slashed the time it took to make 7(a) loans within months after establishing a partnership with an online lending startup.
By John ReostiMay 22 -
The Nashville company significantly reduced the 2018 earnings projection for its mortgage business.
By John ReostiMay 21 -
Michael Fitzgerald, who was selected to lead United Bank, was CEO of Bank of Georgetown for 11 years before it was sold to United.
By John ReostiMay 18 -
The most common credit union mergers involve a small credit union being acquired by a much larger one, but that could be changing, as three recent deals involving credit unions with more than $300 million in assets as the ones being merged out.
By John ReostiMay 16 -
Bigger credit unions present a formidable challenge for banks in areas such as business lending.
By John ReostiMay 16 -
Bank of Hawaii will serve Japanese citizens looking to conduct business in the United States.
By John ReostiMay 15


















