Performance reports

Bank of America will close drive-up teller windows at a dozen branches in Nashville and reduce in-store hours at an additional group of branches, The Tennessean reported.

James Sills, who runs a 107-year-old bank in North Carolina, believes the key to the survival of minority-owned institutions is their ability to adapt and reach more customers. M&F Bancorp, for instance, is changing the name of its bank and recently added its first nonblack director.

The latest CEO Confidence Survey by Catalyst Corporate Federal Credit Union found credit union CEOs are feeling "less certain" about their institutions' current financial condition than they have since 2008.

Steep legal fees used to make it difficult for smaller banks to invest in renewable energy tax credits. A new fund is looking to lower the typical legal fees that have made such investments cost-prohibitive for community banks.

Eastern Bank is considering a plan that would boost its biggest donations from $50,000 to seven-figure sums. While the plan could shrink the total number of grants given, it should also allow the organization to have more influence in certain areas.

ALEXANDRIA, Va. — Credit union income sources shifted from investments back to loans during Q1, according to a new report from NCUA, with loans up by nearly 11% year-over-year.

The Salt Lake City company is targeting an efficiency ratio more in line with other regional banks by closing branches and finding ways to boost revenue. Zions hopes its efforts will reduce annual pretax expenses by $120 million by 2017.

One year after hitting the 100-million member mark, savings at credit unions have surpassed $1 trillion for the first time in history.

U.S. banks enjoyed their ninth straight quarter of total profits exceeding $35 billion, according to the Federal Deposit Insurance Corp.'s first-quarter report on the industry's health. The FDIC said the growth in net income was "broad-based", spurred by a solid increase in net operating revenue, while community banks once again outpaced the industry at large. Here are some key takeaways.

The Fed finalized a rule increasing an asset-size threshold that lets smaller banks finance deals with up to 75% in debt. That benefit, along with an exemption from Basel III capital rules, could prompt some bankers to second-guess short-term growth as they weigh their options.

Community banks had a banner first quarter, federal regulators said Wednesday — but it may come at a problematic time, politically speaking. The Quarterly Banking Profile may only deepen some lawmakers concern that small banks do not need regulatory relief if they are performing so well.

RALEIGH, N.C. — With NCUA mandating last year that all federally insured CUs with assets of $10 billion or more begin "stress tests" this year, State Employees' CU (SECU) here has published results of its own internal stress testing.

The Federal Reserve’s ability to provide emergency lending to institutions in the event of a crisis must be eliminated in order to end “too big to fail,” said Richmond Fed President Jeffrey Lacker

Higher loan demand is helping banks and thrifts with $2 billion to $10 billion of assets improve their profitability. Of the 191 institutions that qualified for our mid-tier ranking this year, 40% posted a three-year average return on equity in the double digits, up from 34% in our previous ranking.

An obscure provision in the regulatory relief bill championed by Sen. Richard Shelby, R-Ala., is giving mutual holding companies hope that a threat to their business model will be eliminated.

Several Puerto Rican banks are dealing with a sour participation to a major utility on the island. The creditor — like the Puerto Rican government — is barred from filing for bankruptcy, complicating matters for its lenders.

ALEXANDRIA, Va. — NCUA's Temporary Corporate Credit Union Stabilization Fund continues to improve, and if the current trend holds, credit unions can expect a nice payout — but not for another six years.

The Korean-American bank is looking to diversify its balance sheet and revenue streams before it hits $10 billion in assets. The commercially focused lender hopes such efforts will help it once more regulation kicks in.

Banks' technology investments are helpful but fail to ease customer concerns about the security of personal data, hidden fees and other problems, a new survey shows.

Shareholders of JPMorgan Chase voted in favor of Jamie Dimon keeping the chairman and chief executive roles. They likely fear Dimon would retire if stripped of one of the jobs.