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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Talmer Bancorp has enough capital for M&A, though the large repurchase of stock from W.L. Ross might rule out a big acquisition for now.
By John ReostiSeptember 1 -
First Financial Northwest is moving past its thrift roots three years after a proxy battle ousted its chief executive. Other banks in the same position are still trying to get back on track.
By John ReostiAugust 27 -
When the hurricane hit the Gulf Coast nearly a decade ago, it brought with it unimaginable destruction. Still, it also allowed the area's banks a chance to work together, connect with clients and work toward a stronger future.
By John ReostiAugust 24 -
Freshly minted Capify combines subsidiaries in the U.S., U.K., Canada and Australia, aiming to strike multinational partnerships.
By John ReostiAugust 24 -
First Federal Savings and Loan Association of Lakewood in Ohio has agreed to acquire Belpre Savings Bank in Belbre, Ohio.
By John ReostiAugust 20 -
Depositors at mutuals in Ohio and Massachusetts have approved measures making it more difficult for their institutions to convert to stock ownership. Still, many industry observers believe the mutual industry is poised for more consolidation.
By John ReostiAugust 19 -
As the Small Business Administration's flagship 7(a) loan program breaks records, its other loan program stagnates. Advocates for so-called 504 loans hope a drive to permit CRE refinancing will inject new life.
By John ReostiAugust 13 -
As the Small Business Administration's flagship 7(a) loan program breaks records, its other loan program stagnates. Advocates for so-called 504 loans hope a drive to permit CRE refinancing will inject new life.
By John ReostiAugust 13 -
FNBH Bancorp in Michigan has been unable to make an important move without its primary regulator's OK in the six years since its nonperforming assets hit double digits. It's an extreme example of the tension between past problems and future visions that freezes many banks.
By John ReostiAugust 12 -
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.
By John Reosti and Paul DavisAugust 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.
By John ReostiJuly 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.
By John ReostiJuly 31 -
Buying Eagle National Bank would give Stroudsburg, Pa.-based ESSA an entrée into Philly's fast-growing western suburbs.
By John ReostiJuly 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.
By John ReostiJuly 28 -
Bank groups hope rapid congressional action highlights the small-business lending program's political appeal, while nonbank lenders sense an opportunity.
By John ReostiJuly 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.
By John ReostiJuly 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.
By John ReostiJuly 24 -
NCUA Chairman claims credit unions that question budget increases don't represent members' best interests.
By John ReostiJuly 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.
By John ReostiJuly 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.
By John ReostiJuly 20





