Bank of America's decision to drop its controversial debit-card fee may have come too late to retain some accounts, as many big-bank customers have begun defecting to smaller banks in protest over various fees, according to FIS.

FNB United Corp. in Asheboro, N.C., said it completed a one-for-100 reverse stock split.

The Federal Reserve has reached a written agreement with Princeton National Bancorp Inc. in Princeton, Ill.

A new rebate program from UniRush is the latest attempt by a prepaid card marketer to make its product as sticky as a bank account without generating a backlash from its fee-sensitive audience.

Wells Fargo is consolidating some of its wealth-management operations into a new unit, in an effort to get its hands on more of its clients' money.

Bank of New York Mellon Corp. the trustee that reached an $8.5 billion settlement for investors with Bank of America Corp., is requesting an appeal on a ruling that put the settlement in federal court.

U.S. prosecutors sued Houston-based home-lender Allied Home Mortgage Capital Corp. and two executives for alleged fraudulent lending practices related to hundreds of millions of dollars in government-backed mortgages.

German American Bancorp Inc. in Jasper, Ind., reported Tuesday third-quarter earnings of $5.2 million, up about 44% from a year ago, due to increased noninterest income and reduced operating expenses.

The foreclosure review process mandated by a federal consent order is turning out to be far more punitive and costly than banks and mortgage servicers initially thought, industry sources say.

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.