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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Casey Crawford, head of the rapidly growing Movement Mortgage, recently recapitalized First State Bank in Danville, Va., with his own money.
By John ReostiJune 14 -
Beacon Community Bank aims to become the first bank to open in Charleston, S.C., in a decade.
By John ReostiJune 8 -
BCB Bancorp will pay $20 million for Indus American Bank, a New Jersey institution that focuses on the South Asian-American business community. Indus American lost a total of $2.5 million in 2015 and 2016.
By John ReostiJune 8 -
The accounting board has scheduled a meeting that bankers hope will produce eleventh-hour modifications to reserving requirements.
By John ReostiJune 6 -
The trade group filed a brief backing an effort by the American Bankers Association to push back against the NCUA's planned revisions to field-of-membership regulation.
By John ReostiJune 6 -
The ICBA has filed a supporting brief to the American Banker's Association's FOM suit against NCUA, but a rapid decision is unlikely, and the case has already dragged on longer than the bankers' MBL suit.
By John ReostiJune 6 -
GrandSouth Bancorp's issues with floor-plan loans to car dealers serve as a reminder of another pitfall in auto lending besides consumer loans.
By John ReostiMay 31 -
The NCUA aims to give credit unions access to in-person hearings with its governing board. Such an opportunity is lacking at federal bank regulators.
By John ReostiMay 26 -
While CUs welcome the changes to the appeals process, the merger transparency rule is sure to raise a few eyebrows.
By John ReostiMay 25 -
The Treasury Department significantly raised an estimate for how much the exemption will cost the government over the next decade, giving bankers some hope that their complaints are finally being heard.
By John ReostiMay 24 -
The Treasury Department significantly raised an estimate for how much the exemption will cost the government over the next decade, putting credit unions on guard that bankers' arguments could be gaining traction.
By John ReostiMay 24 -
Union Bankshares is poised to become a nearly $12 billion-asset bank in a state that lost most of its midsize institutions in the 1990s and early 2000s.
By John ReostiMay 22 -
First Savings Financial in Indiana and Dime Community in New York are keen on making more SBA loans as a way to diversify revenue and generate fees through loan sales.
By John ReostiMay 19 -
Numerated Growth Technologies has a platform that lets banks make lending decisions in as little as five minutes. The spinoff will be run by Dan O'Malley, Eastern's former chief digital officer.
By John ReostiMay 17 -
Federal regulators are early in the process of deciding whether to broaden credit unions' access to capital markets, but banking lobbyists have seen enough to argue that it would let credit unions skirt business-lending limits.
By John ReostiMay 15 -
The comment period on NCUA's notice of proposed rulemaking on alternative capital ended last week, and judging by the letters, another battle is brewing.
By John ReostiMay 15 -
One Bank & Trust in Arkansas just sold itself to the Treasury, resolving a legal judgment and clearing the way for a resale to the private sector.
By John ReostiMay 9 -
Five Star Bancorp in California is the latest bank to work with a marketplace lender on referrals. The move comes as the SBA programs have record volumes while concerns linger about banks working with third parties.
By John ReostiMay 5 -
The company's earnings fell 20% from a year earlier, reflecting $5 million in restructuring charges and a higher loan-loss provision.
By John ReostiMay 3 -
Rusty Cloutier had been CEO of MidSouth Bancorp for 32 years. Energy-sector woes helped do him in.
By John ReostiApril 28



















