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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The banking industry's top advocacy groups can't support giving credit unions capital-raising alternatives, but they are trying to understand the NCUA's complex proposal before filing comment letters against it.
By John ReostiFebruary 22 -
A month into the comment period, NCUA has yet to receive a single response to a proposal that could provide credit unions easier access to market capital. The issue is unusually complex, experts say.
By John ReostiFebruary 21 -
Many customers at Neighborhood National Bank in San Diego offer check-cashing services that draw attention for Bank Secrecy Act compliance.
By John ReostiFebruary 17 -
Linda McMahon, who married into one of wrestling’s founding families and helped build the WWE into the largest professional wrestling company in the world, was confirmed Tuesday as the head of the Small Business Administration.
By John ReostiFebruary 14 -
The bank has shifted Chief Operating Officer Finn Caspersen Jr. to chief strategic officer and hired Robert Plante to succeed him as COO.
By John ReostiFebruary 14 -
National charters have fallen out of favor in recent years, but that isn't deterring David Dotherow from pursuing one for his Florida de novo.
By John ReostiFebruary 10 -
The moves show a commitment to bigger markets and make it easier for analysts and investors to visit management.
By John ReostiFebruary 7 -
Carl Chaney said he would have turned down the job if he doubted his ability to turn the New Orleans bank around.
By John ReostiFebruary 6 -
Gary Armstrong, former Richmond, Va., market president for Park Sterling, will have a similar role at Bay Banks.
By John ReostiFebruary 1 -
Royal Bancshares in Pa. made tough choices to avoid collapse during the financial crisis
By John ReostiJanuary 31 -
The California bank has hired an outside firm to review its loans and will de-emphasize health care lending.
By John ReostiJanuary 30 -
Loans, deposits and revenue all rose solidly compared to a year earlier.
By John ReostiJanuary 30 -
With loans of $100,000 or less, the typical bank breaks even or loses money. But one Florida community bank is betting faster turnaround times on small-business loans can help the bottom line.
By John ReostiJanuary 29 -
Beyond reasserting Republican control over the agency for the first time since 2009, President Trump's appointment of Mark McWatters as acting NCUA chair is expected to have little immediate impact.
By John ReostiJanuary 26 -
Huntington Bancshares says it is especially well positioned to benefit from a commercial lending boom that could accompany a revival of U.S. heavy industry, but other lenders also say they are upbeat.
By John ReostiJanuary 25 -
Acquisition pushes quarterly revenues past $1 billion for first time ever.
By John ReostiJanuary 25 -
The National Credit Union Administration and credit union trade groups cheered a judge's decision to dismiss a lawsuit against the agency's member business lending rule, but ICBA is still mulling the possibility of an appeal.
By John ReostiJanuary 24 -
Mortgage lending was "challenging" in the fourth quarter, but the Troy, Mich., company showed strong growth in commercial loans
By John ReostiJanuary 24 -
Cost control and improved credit were overshadowed by a big charge tied to a dispute with the FDIC.
By John ReostiJanuary 24 -
The Oklahoma company did not disclose how many shares it could sell or how much it could raise.
By John ReostiJanuary 24

















