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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Cordia Bancorp found an experienced leader to run its bank, and executive recruiters believe more companies could do the same as they try to train the next generation. One problem: Most retired CEOs seem content to sit on the sidelines after enduring the financial crisis.
August 7 -
An NCUA proposal to make credit unions more competitive commercial lenders is drawing fire from community bankers, who say it invites risky underwriting, unfair competition and a repeat of the thrift crisis.
July 31 -
Unhappy with the regulator's effort to pare back restrictions on CUs business loans, bankers have taken a page from the CU handbook, sending copious letters to NCUA about its proposed MBL rule.
July 31 -
Buying Eagle National Bank would give Stroudsburg, Pa.-based ESSA an entrée into Philly's fast-growing western suburbs.
July 30 -
Even though Congress adds nearly $5 billion in additional funding to the Small Business Administration's flagship lending program, the problem isnt solved yet.
July 28 -
Bank groups hope rapid congressional action highlights the small-business lending program's political appeal, while nonbank lenders sense an opportunity.
July 27 -
A Senate bill passed late Thursday provides additional funding but it also requires enhanced reporting on lending and credit quality from SBA. The measure is headed to the House.
July 24 -
NCUA Chairman issues apology after telling House subcommittee that CUs raising questions about the size of her agency's budget are not representing the best interests of their members.
July 24 -
NCUA Chairman claims credit unions that question budget increases don't represent members' best interests.
July 23 -
The SBA's popular 7(a) program has reached its maximum funding authority. Banks may have to decide on providing short-term aid to small businesses that face delays getting loans.
July 23 -
The New Jersey company's entrée into New York City had been expected for years. A week after opening an office on Madison Avenue, ConnectOne is eager to court small businesses and identify possible people to hire.
July 20 -
The NCUA is considering a plan that would let credit unions count certain forms of debt as capital. The plan, which would help credit unions book more loans, is drawing sharp rebukes from the banking industry.
June 29 -
Access National's four-year-old wealth management subsidiary has grown rapidly and is poised to enter the black. The allure of fee revenues has drawn many community banks into this field amid weak loan growth and tight interest margins.
June 24 -
The NCUA is proposing changes that would allow credit unions to approve applications more expeditiously, eliminating an edge long held by banks. The agency is also ready to let members make more commercial development loans.
June 19 -
In what would be the first comprehensive rewrite of its member business lending regulation since 2003, the NCUA Board unanimously approved a proposed series of changes that would make it markedly easier for CUs to lend to businesses.
June 18 -
Members of St. James Federal Savings and Loan Association will meet Saturday to vote on whether to convert from a mutual to a stock-owned bank as a prelude to selling itself to Wells Financial. Some believe the vote could set a worrisome precedent.
June 17 -
Worth Carter is reluctant to talk to investors and media. He is tight-fisted with costs and is willing to hold off making loans. His namesake bank doesn't offer online banking. But the institution is riding a hot streak of profitability that would make other banks jealous.
June 12 -
Bankers scratching their heads about how to attract millennials can take some comfort knowing that generations ago their predecessors also struggled to connect with America's youth. Crocker National Bank found a way, though.
June 5 -
Eastern Bank is considering a plan that would boost its biggest donations from $50,000 to seven-figure sums. While the plan could shrink the total number of grants given, it should also allow the organization to have more influence in certain areas.
June 4 -
With more than 1,300 U.S. branches and a Canadian parent company, TD Bank hardly qualifies as a community bank. But the institution is trying to underscore its local-bank bona fides with marketing campaigns touting its support of neighborhood causes.
May 31
