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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Shelter-in-place orders have given homeowners the time to pursue upgrades and repairs, and banks are seizing the opportunity to help finance the projects.
June 16 -
University Bancorp decided to shutter its wholesale mortgage lending business after it struggled to hire and train employees remotely.
May 27 -
Unity National Bank of Houston, which has reported losses three straight years, is receiving guidance and resources from Citigroup through a Treasury mentoring program.
March 6 -
Susan Riel succeeded Ronald Paul as CEO of the Maryland bank shortly before questions surfaced about credit quality and lending practices.
December 31 -
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.
November 21 -
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.
October 24 -
Malaga Financial has no intention of diversifying its portfolio despite heavier competition and potential funding challenges.
October 20 -
Caught in the middle of a credit-subsidy debate, the program would have shut down on Tuesday without congressional action.
September 27 -
The popular program could go idle next month for the second time in less than a year if lawmakers are unable to approve a $99 million credit subsidy.
September 17 -
The Delaware company, best known for issuing prepaid cards, has ramped up commercial real estate securitizations. The shift promises to deliver big fees, but it could also cause headaches if defaults spike.
July 30
