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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Reps. Peter King and Brad Sherman re-introduced a bill Friday that would open the door for credit unions to raise supplemental capital.
February 13 -
No one can agree on what the Fed will do with interest rates. In the meantime, the banking industry's more-conservative players are devoting more resources toward hoarding low-cost deposits and purging shorter-term borrowings.
February 11 -
Speakers at the American Bankers Association's Conference for Community Bankers made it clear that smaller banks must find ways to embrace new and disruptive ways of doing business to compete the bigger institutions and nonbanks.
February 10 -
Management training programs are slowly returning to smaller banks decades after belt-tightening led to their demise. Rigorous regulatory scrutiny, combined with a need for improved risk management and increased income, are spurring the comeback.
February 3 -
Sun Bancorp's CEO made a bold forecast, telling analysts this week that the company should be profitable throughout the year. Not bad for a bank that has lost $350 million since 2008
January 28 -
BB&T and KeyCorp's quarterly results showed how more diversified regional banks can turn to their insurance sales, investment banking and other fee generators for backup until interest rates improve. Whereas the smaller Huntington Bancshares needed strong loan growth in a quarter (and year) when fees fell.
January 22 -
Stephen Steinour, the head of Huntington Bancshares, cited strong projected growth in auto sales and an improving housing market as good signs for the Midwestern bank's fortunes in 2015.
January 22 -
With dueling legal opinions on NCUA's authority to implement a multi-tiered risk-based capital rule, the regulator could be facing a lawsuit.
January 22 -
Five Star Bank is the latest financial institution to settle claims that it avoided lending to minorities. More redlining cases can be expected, industry experts say.
January 21 -
Industry stakeholders are hunkering down to go through NCUA's revised proposed rule on risk-based capital, but at first blush, response has been largely positive, even though the two primary CU trade groups still believe the rule simply isn't necessary, revised or not.
January 16 -
Ten financial institutions, including four banks, will accept the new IDNYC card as a primary form of identification for new accounts. Community advocates hope the move will help more immigrants and unbanked individuals use banking products.
January 16 -
Under pressure from Congress and credit unions, the NCUA significantly dialed back its proposal to institute risk-based capital requirements, raising the threshold of which institutions must comply and softening other provisions.
January 15 -
Under pressure from Congress and credit unions, the NCUA significantly dialed back its proposal to institute risk-based capital requirements, raising the threshold of which institutions must comply and softening other provisions.
January 15 -
WASHINGTON Credit unions aren't the only ones waiting anxiously to see what the NCUA's revised risk-based capital rule will look like.
January 12 -
Ted Peters likes to build things and he does not like retirement. The veteran banker will soon solicit outside investors for a fund that he hopes will amass $100 million to pump into promising community banks.
January 12 -
The National Credit Union Administration is due Thursday to unveil a second version of its risk-based capital rule after pressure from lawmakers and the credit union industry forced it to scrap its first attempt.
January 12 -
By targeting construction lending, 1st Financial Bank USA aims to expand beyond its hefty concentration in credit card loans while entering a business segment that has shrunk mightily since the financial crisis.
January 9 -
Leaders of smaller banks optimistic about the growth prospects of small-business loans in 2015, but they are equally worried about increased competition from larger banks, nonbanks and credit unions.
January 7 -
Rick Kelly, vice president of strategic communications at Triad Strategies here, tells his clients sunshine is usually the best fix for a crisis situation.
January 5 -
The loss of a thumb drive containing credit union members' personal information by a NCUA examiner is now the subject of an investigation by the agency's inspector general.
December 29
