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 Small Business Investment Company program may be less famous among banks than some of the SBA's other programs, but it enjoyed a record in fiscal 2015 that wrapped up this week. Stories like that of Opus Bank in California shed light on why.
By John ReostiOctober 1 -
Cardinal Financial made a big push into wealth management a decade ago. Today, it remains an inconsistent business, though management is optimistic about the future.
By John ReostiSeptember 25 -
Two banks with labor ties Amalgamated Bank of Chicago and United Business Bank in Oakland are beginning to aggressively court commercial clients.
By John ReostiSeptember 18 -
Now 77% of federally insured institutions fall under new definition.
By John ReostiSeptember 17 -
Chan Patel and Nitin Shah view the hospitality industry not geography as their banks' communities.
By John ReostiSeptember 15 -
Banks are going to keep cranking out loans at a brisk pace for the foreseeable future, according to the heads of three Chicago-area banks. That could spell trouble if the competition leads to reckless credit decisions.
By Kristin Broughton and John ReostiSeptember 9 -
The credit union regulator received nearly 3,100 comment letters tied to plans to loosen restrictions on business lending, with a vast majority opposing any changes.
By John ReostiSeptember 4 -
The credit union's regulator received nearly 3,100 comment letters tied to plans to loosen restrictions on business lending, and despite the proposal's popularity among credit unions, the majority of letters opposed the changes.
By John ReostiSeptember 4 -
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






