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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First Foundation sold loans to Freddie Mac to free up space for higher-yielding credits. It then bought the securities that were formed to replace other, lower-yielding assets through an often overlooked program.
October 1 -
The industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications.
August 1 -
Nelnet’s planned bank would be an online enterprise focused on gathering deposits and making private student loans.
June 29 -
Banks that have flocked to the business because of higher yields and loan diversity stand to benefit if clients use tax savings to upgrade equipment.
January 10 -
Rather than jump right away into lending to car buyers, Access National will start by offering CRE and M&A financing to dealerships.
January 5 -
The NCUA is letting federal credit unions securitize and sell assets. Such transactions would free up capital at credit unions, allowing them to make more loans.
June 26 -
GrandSouth Bancorp's issues with floor-plan loans to car dealers serve as a reminder of another pitfall in auto lending besides consumer loans.
May 31
