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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Live Oak Bancshares took two years developing a loan for cemetery operators, a group that faces challenges with financing for property improvements.
March 27 -
As tax reform spurs demand, a rising rate environment is making the short-term loans more appealing to banks.
March 22 -
The company will take a nearly $10 million hit after setting aside funds to cover a case of potential borrower fraud.
March 16 -
The National Credit Union Administration’s defense of changes to a field-of-membership rule was challenged by a federal judge on Wednesday, suggesting an American Bankers Association lawsuit against the revisions may be successful.
March 14 -
The SBA may back off of poultry loans after its inspector general determined that farmers are often controlled by big corporations. That could cause headaches for lenders with a focus on that business.
March 12 -
The move provides a strong hint of the long-term succession plan CEO Leon Holschbach is putting in place.
March 8 -
Howard Bancorp and Bryn Mawr Bank are trying different approaches to reach out to underserved markets they’ve entered via acquisitions. Creative in-house initiatives may take on added importance as regulators move to "dial back" Community Reinvestment Act rules.
March 7 -
The company received bad news about the commercial loan after it reported a narrow profit in mid-February.
March 6 -
Triumph Bancorp has developed technology to help freight brokers make faster payments to truckers, charging a fee for the service.
February 16 -
NCUA unveiled its methodology for how it would return a $736 million equity distribution from the share insurance fund, but a small group of CUs won't share in the largesse, and some still think the payment isn't big enough.
February 15 -
People's Bank of Commerce in southern Oregon decided it had to diversify to survive, so when a director heard a factoring firm he co-founded was up for sale, the bank seized the moment. Now it has other deals in mind.
February 13 -
HopFed was ordered to pay the legal fees for Stilwell Group, which sued the bank after its directors passed a bylaw intended to keep the investor off its board.
February 12 -
Codorus Valley Bancorp fired Dwight Utz, the head of its bank unit, "without cause" just a few weeks after reporting earnings of $12 million for 2017.
February 8 -
Patriot National in Connecticut planned to build a regional small-business lending operation on its own — until it had a chance to buy a national platform.
February 7 -
Patriot National in Connecticut would become the latest community bank to ramp up small-business lending with its $81 million deal to acquire Hana Financial's much larger SBA lending unit.
February 6 -
Seacoast Commerce is San Diego is already one of the biggest Small Business Administration lenders — half the loans on its books are tied to SBA programs. But will its underwriting hold up outside its traditional markets?
February 2 -
Credit union groups were scrambling Wednesday to respond to a letter from Senate Finance Committee Chairman Orrin Hatch questioning whether the industry had outgrown its income-tax exemption.
February 1 -
Thomas O’Brien made a series of aggressive cuts at Sun Bancorp in New Jersey before orchestrating its sale to OceanFirst.
January 31 -
The proposed legislation would give the agency authority to increase funding for the 7(a) program — with several caveats designed to manage exposure.
January 26 -
The proposed legislation would give the agency authority to increase funding for the 7(a) program — with several caveats designed to manage exposure.
January 26
