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 thought of leaving their century-old headquarters didn't appeal to execs at MidWestOne, but neither did a makeover during the height of the recession. They're finally free to give their office space some overdue updates.
August 30 -
The acquisitive Prosperity Bancshares in Houston is set to slow its growth following a deal for Tulsa's F&M.
August 29 -
The company, which lost millions of dollars after straying from core banking, has returned to its roots as a traditional banking around Philadelphia.
August 26 -
FNBH desperately needs capital after regulators shot down a plan that had a hefty percentage of debt. The company is hoping an equity infusion by a big investor will help it get on track.
August 20 -
The combination of Mercantile and Firstbank is expected to break the bank M&A logjam in Michigan. The combined company will be on the lookout for more deals, executives say.
August 16 -
CommunityOne in Asheboro, N.C., went from the brink of failure to a model of recovery in a few years. But it took new management, private-equity money, an acquisition and an accounting ace in the hole to get it done.
August 15 -
Prosperity Bancshares is finding that its recent deals which allowed the Houston company to expand in highly coveted businesses such as private banking and cards are producing a nice boost to fee income.
August 9 -
Naugatuck Valley Financial in Connecticut is attempting the same transition that scores of other banks have completed in the last year, purging past mistakes in an effort to concentrate more on expansion.
August 7
