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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With its acquisition of a Cleveland-area bank still in the works, the Cincinnati-based bank struck a deal that would provide its first retail presence in Chicago.
By John ReostiAugust 11 -
Amid waning federal support for community development financial institutions and minority depository institutions, a program launched by two banking trade groups is beginning to generate a steady stream of deposits for mission-focused lenders.
By John ReostiAugust 11 -
Berkshire Hills Bancorp and Brookline Bancorp are eyeing a September closing for their merger of equals, to be followed by a phased rollout of the new Beacon Bank & Trust brand.
By John ReostiAugust 7 -
Coastal Community Bank reported smaller profits in the second quarter as it prepared for a growth spurt. "We think we're winning the right business," said CEO Eric Sprink.
By John ReostiAugust 6 -
The New York-based digital-only bank is seeking to partner with more brands after a recent deal opened the way to serving millions of AAA customers.
By John ReostiAugust 5 -
High interest rates and tough economic conditions played a role in the credit woes that overcame BayFirst Financial's small-dollar lending effort.
By John ReostiAugust 5 -
Deal for Clay County Savings Bank leaves Verimore Bank primed to add market share in a fast-growing Kansas City neighborhood
By John ReostiAugust 1 -
The decision to rejoin the CEO and chairman roles comes roughly two months after regulators removed an asset cap that had stunted the San Francisco-based company's growth for seven years.
By John ReostiJuly 31 -
Northeast Bank and its fintech lending partner Newity have engineered a surge in 7(a) loans that has helped the Portland, Maine-based bank boost profits as tightened regulatory standards made the loans harder to get.
By John ReostiJuly 30 -
Though loan growth was soft in the second quarter, the Raleigh, North Carolina, regional bank is seeing some hope for a second-half pickup. Meanwhile, it benefited from a 2% gain in net interest income.
By John ReostiJuly 25