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 Justice Department claims the bank, which has received "satisfactory" ratings in its last four CRA exams, is failing to serve minority neighborhoods around Minneapolis.
January 18 -
The Michigan company expects a recently announced mortgage initiative to produce solid growth in 2017.
January 18 -
Flushing Financial in Uniondale, N.Y., has its next chairman lined up.
January 11 -
The Pennsylvania company has redoubled its outreach to low- and moderate-income consumers by partnering with Operation Hope on a down payment assistance program and naming a veteran banker to the newly created post of director of fair and responsible banking. But despite these efforts, history says Fulton is unlikely to escape punishment if the Justice Department finds that it violated fair-lending laws.
November 23 -
The Justice Department has widened its investigation of Fulton Financials mortgage lending practices to include four new units.
November 7 -
Associated Banc-Corp in Green Bay, Wis., reported higher quarterly profit on the strength of tight expense control and strong mortgage banking revenue.
October 21 -
West Town Bancorp in Illinois has revved up its government-backed lending to small businesses, making it a good example of how community banks can outhustle big lenders in the quest for new sources of fee income.
October 13 -
The executive who sold North Fork to Capital One for billions of dollars and later revived BankUnited discusses his plans, and reflects on a long career, now that he is retiring as BankUnited's CEO.
September 2 -
United Community and Wells Fargo are among the banks building platforms to lend to senior-care facilities. Demographics suggest the business should grow significantly in coming years.
August 12 -
Berkshire Hills Bancorp is buying a bank with a national mortgage platform. The company hopes the business will provide a much-needed lift in fee income.
July 1
