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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Abbott Cooper, the head of Driver Management, says Codorus Valley Bancorp is not as profitable as its peers. Cooper, who has successfully forced the sale of at least two other banks, has indicated he's ready to launch a proxy fight.
By John ReostiAugust 10 -
Ann Arbor Bancorp had agreed to buy FNBH in February 2020 but backed off four months later amid economic uncertainty. The two sides have reunited, though the price tag rose.
By John ReostiAugust 9 -
First United Bank in Oklahoma bought a minority stake in Exencial Wealth Advisors instead of acquiring it outright to give the owners an incentive to stick around and help build the business — and to make it easier for the bank to bail if things don't work out.
By John ReostiAugust 5 -
Mutual banks tend to combine only with fellow mutuals. Spencer Savings' deal to acquire a stock-traded rival shows how the pressure to expand is forcing some buyers to get creative.
By John ReostiJuly 30 -
The Rhode Island bank is doubling down on the nation’s largest market after agreeing in May to buy dozens of branches from HSBC. Meanwhile, Investors Bancorp’s decision to sell itself underlines the challenges facing smaller regionals.
By Laura Alix and John ReostiJuly 28 -
The $542 million acquisition would more than double the Florida-based bank's assets and deposits in one of the nation's most competitive markets.
By John ReostiJuly 23 -
Small Business Administration lenders have reported strong quarterly results, but those gains could evaporate later this year. Here’s why.
By John ReostiJuly 23 -
A flurry of activity in recent weeks has prompted chatter on earning calls about banks’ merger ambitions. While some CEOs bemoaned high asking prices, others said they are making more inquiries, identifying targets and, in some cases, closing in on deals.
By John ReostiJuly 21 -
The Massachusetts thrift is borrowing from the playbook of larger rivals as it looks to add customers from outside its Boston-area footprint.
By John ReostiJuly 19 -
United Community Banks in South Carolina and Blue Ridge Bancshares in Virginia have each struck agreements to buy or merge with banks in major metropolitan markets, where they will aim to siphon business from larger rivals.
By John Reosti and Jim DobbsJuly 15 -
Acquiring the city’s largest bank would give Pittsburgh-based FNB the No. 6 market share in Maryland's largest city.
By John ReostiJuly 13 -
It will be Christopher McComish’s second tour as a bank CEO. He led Scottrade bank for two years, between 2015 and 2017.
By John ReostiJuly 12 -
The San Jose, California, bank will take a hit to second-quarter earnings to settle claims arising from an alleged Ponzi scheme.
By John ReostiJuly 9 -
Sam Susser, who built a family business of more than 630 convenience stores in the state, thinks he can find similar success in community banking by courting small commercial clients that larger rivals have outgrown.
By John ReostiJuly 7 -
The Ohio community bank generated 76% of its 2020 revenue from the three-year-old business line. But mortgages are cyclical, and the bank wants to step back before things get rough.
By John ReostiJuly 6 -
Fringe Benefits Design in Bloomington, Minnesota, will become a consultant of the buyer's Benefit Plans Administrative Services unit.
By John ReostiJuly 2 -
Mark Schroeder will step down as chief executive after 22 years. He will be succeeded by Neil Dauby, the Indiana bank's president and chief operating officer.
By John ReostiJuly 2 -
The deal is expected to generate for significant cost savings that could Mid Penn could then use to fund its expansion in the Pittsburgh market.
By John ReostiJuly 1 -
The Fed’s decision to extend a key liquidity program keeps the prospect of additional Paycheck Protection Program loans alive through July 31.
By John ReostiJuly 1 -
Amerant Bank has invested $2.5 million in Marstone to provide a digital alternative to personal wealth advisors for new and existing clients. The technology "gets planning capabilities into the hands of any customer that wants them," says Jerry Plush, the Florida bank's new CEO.
By John ReostiJune 28















