Bank of America is dropping its plan to charge customers $5 a month for making purchases with their debit cards, said a person familiar with the situation. SunTrust and Regions Financial also said Monday they will stop charging customers for debit-card transactions.

The Nasdaq Stock Market will suspend the trading of Provident Community Bancshares Inc.'s common shares at the open of business on Thursday due to the company's failure to comply with certain listing rules.

Nara Bancorp Inc. in Los Angeles said late Monday that it completed a $63.3 million public offering of its common stock.

Sabal Financial Group L.P. in Newport Beach, Calif., has purchased $142.2 million of loans from Bank of the Cascades in Bend, Ore.

For the IT staff of two at the community bank Royal Bank America, an email-based trouble ticket system wasn't cutting it.

United Bank offers its underbanked customers checking accounts with...checks. The FDIC has even taken note of their unique approach.

How to turn a profit without imposing fees on checking accounts that will cause customers to flee was a recurring theme at a recent marketers' conference.

Banks are looking to slash infrastructure that had been built for growth, but not all have bloat in their payrolls. In fact, compensation is now a smaller portion of revenue at companies like Capital One than it was before the recession.

As banks labor to raise capital seawalls, underwater home equity loans continue to wash against their foundations - at Wells Fargo, such assets are equal to nearly half of capital. Most of the loans are within initial periods where borrowers are required to make only monthly interest payments.

Opus Bank in Irvine, Calif., which last week raised $100 million to fund growth, has completed its acquisition of RMG Capital Corp., the parent company for Fullerton Community Bank.

Embattled BankAtlantic Bank in Fort Lauderdale, Fla, has given up its fight to remain independent. The thrift's parent, B.ankAtlantic Bancorp, announced early Tuesday that it has struck a deal to sell the $3.8 billion-asset unit to BB&T.

BB&T Corp. agreed to acquire struggling Florida lender BankAtlantic, part of BankAtlantic Bancorp Inc., in a deal that will expand its presence in SouthEast Florida.

ST. JOSEPH, Mich. – United FCU, which is poised to become one of the first credit unions to acquire a bank, on Monday said it plans to build a new headquarters and add up to 500 jobs by 2020.

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A Dallas-area bank is looking for offensive capital after a would-be buyer failed to raise enough money to acquire the $41 million-asset institution.

The FDIC has filed a lawsuit against former directors and executives at the failed Mutual Bank, claiming, among other things, that $250,000 was spent on a lavish wedding that management detailed as a bank function.

Bank of America said Monday that it is hiring 25 wealth-management advisers in the Southeast region, including in Atlanta, Charlotte, N.C., and Nashville, Tenn. The Merrill Edge Financial Solutions advisers will serve customers who have investable assets between $50,000 to $250,000.

The attempt by large banks to impose debit card fees wasn't just about wringing a bit of extra revenue out of existing customers. It was an effort by Bank of America and its competitors to rework their basic retail account business model.

Fannie Mae Monday morning confirmed to National Mortgage News that its multifamily unit is the subject of an Inspector General probe being conducted by the Federal Housing Finance Agency.