John Reosti
Community Banking Reporter at American Banker
Community Banking Reporter at American Banker U.S. Army Veteran
Articles
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1 week ago |
americanbanker.com | John Reosti
The CEO of First Northwest Bancorp is vowing to fight a lawsuit that seeks to recover $107 million from the Port Angeles, Washington-based lender in connection with a bankrupt client's alleged Ponzi scheme. The suit was filed Friday in Washington state court by 352 Capital Group LLC, a hedge fund operated by Jefferies Financial Group.
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1 week ago |
today.westlaw.com | John Reosti
The CEO of First Northwest Bancorp is vowing to fight a lawsuit that seeks to recover $107 million from the Port Angeles, Washington-based lender in connection with a bankrupt client's alleged Ponzi scheme. The suit was filed Friday in a Washington...
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1 week ago |
ourcommunitynow.com | John Reosti
linked with Panacea Financial since 2020. That's when the fintech — which was co-founded by two doctors — made its first loan to an emergency medicine practitioner in Nashville. Little Rock, Arkansas-based Panacea has since grown into a thriving specialty lender that's made more than $500 million of loans. In January 2024, Panacea raised $24.5 million in a series B financing round led by New York-based venture capital fund Valar Ventures.
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2 weeks ago |
americanbanker.com | John Reosti
Primis Financial in McLean, Virginia, is reaping a $22 million gain from selling part of its ownership stake in a fintech focused on serving doctors, dentists and veterinarians. The $3.7 billion-asset Primis has been linked with Panacea Financial since 2020. That's when the fintech — which was co-founded by two doctors — made its first loan to an emergency medicine practitioner in Nashville.
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2 weeks ago |
today.westlaw.com | John Reosti
Primis Financial in McLean, Virginia, is reaping a $22 million gain from selling part of its ownership stake in a fintech focused on serving doctors, dentists and veterinarians. The $3.7 billion-asset Primis has been linked with Panacea Financial...
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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)