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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Navy Federal Credit Union is Exhibit A in banks' case to tax the credit union industry. But it wasn’t always seen as the powerhouse it is today. Meet Adm. Cutler Dawson, the man who changed that.
By John ReostiDecember 3 -
The Small Business Administration has told lawmakers it can reinvigorate its streamlined guarantee program by nearly tripling the maximum loan size. So far, Congress has been mum on the idea.
By John ReostiNovember 27 -
George Cook could have joined Somerset Trust, where his father is CEO. Instead, he founded Honeycomb Credit, a crowdfunding platform that competes with banks.
By John ReostiNovember 24 -
A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.
By John ReostiNovember 21 -
A recent bank failure and a new legislative effort are again drawing attention to the struggles of black-owned banks since the crisis — and the fact that only 21 are left.
By John ReostiNovember 14 -
Community bank leaders at an ABA-hosted meeting questioned the timing for a new accounting standard for loan losses and discussed their struggles to keep pace with new technology.
By John ReostiNovember 11 -
Washington Trust warned that it could lose $3 million in annual revenue after two top advisers left to join a brokerage firm. Other banks are facing similar hits.
By John ReostiNovember 7 -
The Delaware company recently learned of a disputed transaction that could take a bite out of future earnings.
By John ReostiOctober 25 -
The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas.
By John ReostiOctober 24 -
Midsize players like BankUnited, BOK and Fulton Financial plan to rely on selective M&A, catering to niches overlooked by big banks, aggressive recruitment of commercial lenders and other strategies to stimulate revenue growth.
October 23 -
The group's Wake Up initiative will include legislative and regulatory proposals, along with added resources to help members push for a level playing field.
By John ReostiOctober 21 -
Malaga Financial has no intention of diversifying its portfolio despite heavier competition and potential funding challenges.
By John ReostiOctober 20 -
FASB delayed implementation for the majority of banks and credit unions until 2023, but many in the industry still oppose the rule, despite regulators' attempts to ease the path forward.
By John ReostiOctober 17 -
Bank groups that lobbied unsuccessfully for the rent waivers credit unions receive now back a bill that would create equal rates for both industries.
By John ReostiOctober 16 -
The accounting board delayed implementation for the majority of banks and credit unions until 2023.
By John ReostiOctober 16 -
Despite a strong economy, volume in the agency's flagship loan program has declined for two straight years. Here's why.
By John ReostiOctober 10 -
A strong economy, low-cost deposits and disruption from M&A are presenting opportunities.
By John ReostiOctober 8 -
The banking trade group is asking for an en banc rehearing of its field-of-membership challenge before all 17 judges of the D.C. Court of Appeals.
By John ReostiOctober 8 -
Sound Bank is now Dogwood State Bank after its sale to an investor group. The buyers also moved Dogwoods State's corporate offices from eastern North Carolina to the state's capital.
By John ReostiOctober 2 -
The agency’s Small Business Investment Company program is slumping, and Congress is pressuring its top executive, Joseph Shepard, to get it back on track or step aside.
By John ReostiOctober 2


















