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 Green Bay, Wis., company reported net income of $47 million in the second quarter, down about 1.5% from the same period last year. Associated's profitability was constrained by a $14 million provision for loan losses.
By John ReostiJuly 21 -
Regional banks like BB&T, Huntington Bancshares and Citizens Financial are growing through acquisition and targeted business-line initiatives, but they are having to contain spending simultaneously.
July 21 -
Huntington Bancshares in Columbus, Ohio, reported a second-quarter profit of $175 million, off 11% from the same period in 2015. Part of the reason for the drop was a $21 million charge related to its pending acquisition of FirstMerit in Akron.
By John ReostiJuly 21 -
Executives at several minority-owned community banks nationwide, including OneUnited Bank in Boston and Carver Federal Savings Bank in New York, say they have received a windfall of deposits in recent weeks, coinciding with the introduction of the Black Money Matters Project.
By John ReostiJuly 20 -
Webster Financial's investments in its Boston expansion program and HSA Bank subsidiary contributed to an 11% increase in noninterest expense. However, the spending spike was more than offset by 10% loan growth and record noninterest income at the Waterbury, Conn., company.
By John ReostiJuly 20 -
Mercantile Bank Corp. in Grand Rapids, Mich., announced Tuesday that Michael Price plans to retire as president and chief executive at the end of the year after a decade at the helm of the company.
By John ReostiJuly 19 -
The hit smartphone game Pokemon Go taught banks a lesson in mobile strategy this week: gamify it.
By Tanaya Macheel and John ReostiJuly 15 -
It's liable to be an uphill climb as banks try to boost revenue and hold profit steady over the rest of the year. Here's why.
July 15 -
First Horizon National in Memphis, Tenn., reports solid quarterly results on the strength of revenue growth.
By John ReostiJuly 15 -
Loans tied to franchises were often an area of concern for banks before the financial crisis. Industry growth, improved credit metrics and a need to diversify commercial loan portfolios are prompting several banks to take a second look at the business.
By John ReostiJuly 14 -
WASHINGTON President Obama announced Wednesday his intention to nominate John Herrera, who serves on the board of one credit union and works for another, to fill the vacancy on the National Credit Union Administration's board.
By John ReostiJuly 13 -
WASHINGTON President Obama announced Wednesday his intention to nominate John Herrera, who serves on the board of one credit union and works for another, to fill the vacancy on the National Credit Union Administration's board.
By John ReostiJuly 13 -
At least eight small mutuals have agreed in recent years to merge with another institution rather than convert to stock ownership. More deals could be on the way.
By John ReostiJuly 11 -
At least eight small mutuals have agreed in recent years to merge with another institution rather than convert to stock ownership. More deals could be on the way.
By John ReostiJuly 7 -
Berkshire Hills Bancorp is buying a bank with a national mortgage platform. The company hopes the business will provide a much-needed lift in fee income.
By John ReostiJuly 1 -
The recently rebranded California International Bank has stiffed the government on 30 dividend payments and has spurned a request to let Treasury officials observe its board meetings. There is some optimism; a Vietnamese businessman was approved to take over control after injecting $4.5 million in capital into the bank.
By John ReostiJune 24 -
With the 7(a) program headed for another record year, small banks around the country, including Access National in Reston, Va., are scrambling to add capacity.
By John ReostiJune 17 -
Lenders grudgingly embraced some changes in FASB's new loan-loss accounting requirements, and they get more than three years to comply, but a number of implementation pitfalls still lie ahead.
By John ReostiJune 17 -
Lenders grudgingly embraced some changes in FASB's new loan-loss accounting requirements, and they get more than three years to comply, but a number of implementation pitfalls still lie ahead.
By John ReostiJune 17 -
In its second "Board Briefing" since Chairman Rick Metsger introduced the practice, officials outlined their plans to add an "S" for interest rate sensitivity to the regulators existing "CAMEL" examination rating system.
By John ReostiJune 16







