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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Bankers can't start spending their tax cuts under the Trump administration yet because there are so many X factors including what exactly the new president would seek to steer through Congress. But they sure have fun thinking about what they'd do with the billions of dollars in savings that are possible.
By John ReostiNovember 10 -
The Justice Department has widened its investigation of Fulton Financials mortgage lending practices to include four new units.
By John ReostiNovember 7 -
Back in the black and looking increasingly healthy for the first time in a decade, First Mariner is poised to accelerate growth next year.
By John ReostiOctober 28 -
Many fully expected the agency to approve the significant overhaul of its field of membership rule, but the regulator went one better, issuing a new proposal that raises the population limit on well-defined communities from 2.5 million to 10 million.
By John ReostiOctober 27 -
Many fully expected the agency to approve the significant overhaul of its field of membership rule, but the regulator went one better, issuing a new proposal that raises the population limit on well-defined communities from 2.5 million to 10 million.
By John ReostiOctober 27 -
In bringing back public budget hearings, the National Credit Union Administration is doing something no other federal financial regulator does.
By John ReostiOctober 27 -
Nearly a year and more than 10,000 comment letters after it was introduced, the National Credit Union Administration is expected to vote Thursday on a final rule that would make it easier for consumers to join a credit union.
By John ReostiOctober 26 -
Nearly a year and more than 10,000 comment letters after it was introduced, the National Credit Union Administration is expected to vote Thursday on a final rule that would make it easier for consumers to join a credit union.
By John ReostiOctober 26 -
Huntington Bancorp's profits took a hit in the third quarter from $159 million in merger and integration costs tied to its acquisition of FirstMerit.
By John ReostiOctober 26 -
Webster Financial's profits barely grew in the third quarter from a year earlier, as solid revenue gains were offset by increased costs from the Waterbury, Conn., lender's expansion into Boston.
By John ReostiOctober 21 -
First NBC Bank in New Orleans may have avoided one problem only to run into a much bigger issue.
By John ReostiOctober 21 - Wisconsin
Associated Banc-Corp in Green Bay, Wis., reported higher quarterly profit on the strength of tight expense control and strong mortgage banking revenue.
By John ReostiOctober 20 -
Deterioration in its portfolio of taxi medallion loans combined with some one-time expenses dragged down profits at BankUnited in the third quarter.
By John ReostiOctober 20 - Pennsylvania
Record revenue and a brief respite from merger-related costs helped boost quarterly results at F.N.B. Corp. in Pittsburgh.
By John ReostiOctober 19 -
Profits at Fulton Financial in Lancaster, Pa., surged 21% in the third quarter compared with a year earlier thanks largely to robust fee income growth and tight expense control.
By John ReostiOctober 18 -
The California company will report a quarterly loss after credit issues surfaced in its technology lending division. Opus had expressed an interest earlier this year to expand the business after making a key hire.
By John ReostiOctober 17 -
West Town Bancorp in Illinois has revved up its government-backed lending to small businesses, making it a good example of how community banks can outhustle big lenders in the quest for new sources of fee income.
By John ReostiOctober 13 -
Thomas Depping, who quit banking out of frustration with regulators five years ago, says Warburg Pincus' deep pockets will help him make Ascentium Capital a household name among small-business borrowers.
By John ReostiOctober 7 -
Dollar Bank in Pittsburgh ended a 32-year break from acquisitions earlier this year. It didnt take nearly that long for the $7.4 billion-asset mutual to announce its next deal.
By John ReostiOctober 5 -
The state of Washington halts a plan to update its 15-year-old member business loan rule while the federal regulation undergoes a legal challenge from the Independent Community Bankers of America.
By John ReostiOctober 5




