Bank of America (BAC) is eliminating dozens of ATMs in two grocery store chains throughout the Southeast as it continues to scale back its operations.

American Banker today introduces the Index of Banking Activity, a new monthly barometer of business conditions in the U.S. banking sector. The index's initial reading of 54.4 indicates that the banking industry experienced a modest pickup in activity in June.

IMGCAP(1)]

IMGCAP(1)]

Heartland Financial (HTLF) in Dubuque, Iowa, reported that its second-quarter earnings rose about 45% from a year earlier, to $12.9 million, because of higher noninterest income.

Following an extensive search for a new chief executive, the board at HF Financial (HFFC) in Sioux Falls, S.D., has determined that its interim CEO is the best person for the job.

The FDIC's original blanket coverage for transaction accounts allowed institutions to opt out or pay extra fees to participate. But industry groups say extending Dodd-Frank's version of the coverage, which eliminated fees and made participation compulsory, is the only way to go.

WASHINGTON — The Federal Reserve Board approved a final rule on debit card interchange fees to make an adjustment for fraud-prevention costs.

Shares for Independent Bank (IBCP) climbed Monday after the Ionia, Mich., company reported its second consecutive quarter of profitability from improved asset quality.

The Consumer Financial Protection Bureau released its semiannual report on Monday, highlighting details on what consumers are most concerned about in submissions to a new CFPB complaint database.

After hiring a MetLife mortgage team in northern California, Provident Financial Holdings (PROV) said its fiscal fourth-quarter profit more-than doubled from a year ago.

The partnership with the Harris Teeter grocery chain would further boost the Pittsburgh bank’s visibility in the region following its March acquisition of RBC Bank USA.

Credit unions offer the lowest interest rates for rewards-based or platinum credit cards, according to a new analysis by SNL Financial.

Old National Bancorp in Evansville, Ind., said Monday that its second-quarter earnings climbed 25% from the first quarter, to $27.2 million, as net interest income rose while expenses fell.

Concerns about moral hazard should not prevent Fannie Mae and Freddie Mac from helping underwater homeowners avoid foreclosure.

A number of banking company closed branches during the second quarter, and even more have announced plans to follow suit. Over the past 12 months, there was a net loss of about 770 branch offices nationwide as banks aim to cut costs in the face of depressed interest rates and low loan demand.

Capitol Federal Financial in Topeka, Kan., posted a stronger quarter compared with a year ago but earnings in the quarter that ended June 30 were down from the prior quarter as net interest income fell.

Company says it has made 230 upgrades to Encompass360, many of them for compliance reasons.

Diebold staff to monitor security camera footage for 2,400 sites.

State Bank Financial's (STBZ) second-quarter earnings nearly doubled what it reported a quarter earlier as the serial acquirer's organic growth outpaced growth from acquisitions.