John Reosti
Community Banking Reporter at American Banker
Community Banking Reporter at American Banker U.S. Army Veteran
Articles
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4 days ago |
americanbanker.com | John Reosti
A Detroit-area community bank is building out a two-year-old subsidiary that its CEO sees as offering a counterweight to traditional commercial lending. The $824 million-asset Oxford Bank Corp. launched Oxford Commercial Finance in 2023. The unit provides factoring, asset-based lending, leasing and term loans to businesses that aren't a good fit for conventional bank loans.
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4 days ago |
today.westlaw.com | John Reosti
A Detroit-area community bank is building out a two-year-old subsidiary that its CEO sees as offering a counterweight to traditional commercial lending. The $824 million-asset Oxford Bank Corp. launched Oxford Commercial Finance in 2023. The unit...
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1 week ago |
americanbanker.com | John Reosti
Wells Fargo has decided to exit its industry-leading position in the rail equipment leasing market, agreeing to sell its portfolio of railcars to a new joint venture for $4.4 billion. The joint venture between GATX Corp. and Brookfield Infrastructure is financing a portion of the transaction with debt — namely a $3.2 billion term loan and a $250 million revolving credit facility provided by a consortium of lenders, including Wells Fargo Securities.
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1 week ago |
today.westlaw.com | John Reosti
Wells Fargo has decided to exit its industry-leading position in the rail equipment leasing market, agreeing to sell its portfolio of railcars to a new joint venture for $4.4 billion. The joint venture between GATX Corp. and Brookfield Infrastructure...
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1 week ago |
americanbanker.com | John Reosti
Princeton Bancorp in New Jersey will likely swing to a second-quarter loss after disclosing a $6 million after-tax impairment charge connected to a pair of office loans. The $2.3 billion-asset bank had previously reported first-quarter net income totaling $5.4 million, or $0.77 per diluted share. As a result of the impairment charge, the company will post a second-quarter loss of $0.06 per share, predicted Hovde analyst Feddie Strickland.
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https://t.co/klYozHzgzc CEO Kelly Skalicky is convinced relying on deposit service fees is a losing move for banks, which helps explain why Stearns Bank in St. Cloud, Minnesota, just eliminated fees on overdrafts.
https://t.co/ut5mDWuzsm Dallas-based Vista Bank does business in Texas and Florida. It had one of its best years in 2024, earning nearly $28 million. A key executive says 2025 is shaping up to be big, as well. With wind in its sails, Vista eyeing expansion opportunities.
https://t.co/dzaRkscyFo For its part, Citadel Federal Credit Union says it's never had any intent to discriminate and disputed the DOJ allegations, even though it signed a consent order. (2/2)