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 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.
By John ReostiSeptember 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.
By John ReostiAugust 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.
By John ReostiJuly 1 -
Small-business lenders are scrambling for financing to accommodate a possible real-estate-related borrowing surge once a key federal rule change takes effect next week.
By John ReostiJune 13 -
New rules have made it more challenging to originate mortgages without drawing attention from regulators. Mercantile Bank in Michigan, however, believes that positive trends in its biggest markets are incentive enough to hire lenders and improve its systems.
By John ReostiMay 4 -
At least one banker has gone public with expectations that the OCC will force his institution to hold more capital. More could soon follow.
By John ReostiMay 3 -
JPMorgan Chase, drawing from its experience in the Motor City, has created a $125 million program designed to help community development financial institutions make bigger investments in impoverished neighborhoods.
By John ReostiApril 5 -
A small Connecticut bank takes the plunge into mobile-friendly mortgages in a bid to turn an attractive pool of student-loan borrowers into lifetime customers.
By John ReostiMarch 17 -
Credit unions and banks are worried that the rule will eventually force smaller institutions to use costly modeling programs to comply.
By John ReostiJanuary 22 -
A joint venture formed by a regional credit union trade group and a loan servicer has a simple mission: to help small credit unions that lack expertise in SBA lending jump into the booming 7(a) market.
By John ReostiNovember 18