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.
-
Delmar will buy Liberty Bell Bank in New Jersey, which had survived a debilitating six-year battle for control with a former CEO. Liberty Bell also suffered from corporate theft and a check-kiting scandal.
By John ReostiJuly 24 -
Associated Banc-Corp is the latest industry welterweight to get back into M&A. That should benefit larger sellers that have watched the bigger regionals sit idle in the last couple of years.
By John ReostiJuly 21 -
The Ohio company also reported that credit quality metrics remain well within its targeted range.
By John ReostiJuly 21 -
After having insisted many times that it couldn't begin returning funds to CUs until 2021, the agency may have found a way to start making payments as early as 2018.
By John ReostiJuly 20 -
The $482 million deal would be Associated's first bank acquisition since June 2007.
By John Reosti and Paul DavisJuly 20 -
KS Bancorp initially chided First Citizens for its aggressive moves before deciding to mull the offer over.
By John Reosti and Paul DavisJuly 19 -
First Home Bank raised nearly 20% more than it sought from investors, providing proof that Florida — especially the Tampa Bay area — is a hotbed of activity.
By John ReostiJuly 19 -
Working with Sungage Financial will help NBT Bancorp diversify its consumer loan portfolio and learn from a fintech startup with a speedy credit approval process.
By John ReostiJuly 13 -
The Treasury Department will take a huge hit when Cecil Bancorp sells its bank, while 1st Mariner Bank in Baltimore will see its equity stake completely wiped out. Cecil opted for bankruptcy court when it was unable to resolve an impasse over its trust-preferred stock.
By John ReostiJuly 11 -
Green Bancorp has pivoted from the troubled energy-lending market to SBA loans, which are appealing to more small banks because they can be sold at a premium and are getting more support from Washington.
By John ReostiJuly 6 -
It might seem unusual for an Old National Bancorp to lure away a regional executive from the much larger Fifth Third, but not in wealth management, where competitiveness can be as much about emphasis as size.
By John ReostiJuly 3 -
The $487 million deal would be OceanFirst's fourth, and largest, acquisition in its home state since 2015.
By John ReostiJune 30 -
Timothy Zimmerman, who once called CECL a dangerous proposal, now sees a justification for the FASB standard. And he is urging bankers to start working on plans to comply with the change.
By John ReostiJune 30 -
The $231 million-asset Virginia bank will also double its legal lending limit when it buys CCB Bancshares.
By John ReostiJune 28 -
The NCUA is letting federal credit unions securitize and sell assets. Such transactions would free up capital at credit unions, allowing them to make more loans.
By John ReostiJune 26 -
A proposal on the agency’s overhead transfer rate would simplify how state- and federally chartered CUs pay for examinations by evenly splitting the costs of safety-and-soundness and insurance-related concerns.
By John ReostiJune 23 -
ES Bancshares, which recently sold a branch near Poughkeepsie, plans to open second branches in the two boroughs.
By John ReostiJune 23 -
Chemical Financial was caught off guard by CEO David Ramaker's decision to retire. Fortunately, Chemical had retained Talmer Bancorp CEO David Provost after buying his bank a year earlier.
By John Reosti and Jackie StewartJune 21 -
The CFPB and others believe alternative data could provide more credit to the unbanked. Small banks and credit unions, however, have lingering concerns about breaking from traditional underwriting.
By John ReostiJune 20 -
The CFPB and others believe alternative data could provide more credit to the unbanked. Small banks and credit unions, however, have lingering concerns about breaking from traditional underwriting.
By John ReostiJune 19

















