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Bank of America reports $7.12B profit in Q2, surpasses earnings expectations

CHARLOTTE, N.C. – Bank of America Corp. reported a $7.12 billion second-quarter profit Wednesday, a 3% increase from $6.9 billion the nation's second-largest bank...

Trinity Rep receives $3M from Bank of America for theater renovations,...

PROVIDENCE – A national banking institution has gifted a local performing arts organization significant funding to help with both capital improvements for the nonprofit's...

Bank of America posts $7.4B profit in Q1, ordered to pay...

CHARLOTTE, N.C. – Bank of America Corp. on Tuesday reported a first-quarter profit of $7.4 billion, an increase from $6.6 billion posted a year...

J.D. Power ranks Rockland Trust No. 2 among New England retail...

ROCKLAND, Mass. – Rockland Trust has been named one of New England’s top banks for customer satisfaction, according to the J.D. Power 2025 U.S....

Giordano: Partnership for R.I. to focus on making state business-friendly

PROVIDENCE – When Tom Giordano arrived in Rhode Island in 2017 to lead Partnership for Rhode Island, then a newly formed nonprofit CEO roundtable,...

Giordano leaving Partnership for R.I. as executive director

PROVIDENCE – Partnership for Rhode Island’s founding executive director is heading off to the private sector. Tom Giordano, who established and led the nonprofit CEO...
ON THE DECLINE? The estimated annual amount of overdraft fees collected by U.S. banks and credit unions has dropped from a high of nearly $12 billion in 2019 to $5.3 billion in 2023. But the Consumer Financial Protection Bureau rule would cut further into that revenue.
SOURCE: Federal Deposit Insurance Corp. data; Federal Financial Institutions Examination Council

Bankers fight to overturn rule on overdraft fees

A proposed banking regulation that one federal agency says will save Americans $5 billion a year in overdraft fees is facing strong opposition from...

Bank of America gifts $1M to Crossroads, Women & Infants Hospital

PROVIDENCE – Women & Infants Hospital and Crossroads Rhode Island are the beneficiaries of $1 million in grants from Bank of America Corp. to...

Bank of America provides $7.8B to create 12,600 housing units for...

NEW YORK, N.Y. – Bank of America Corp.’s Community Development Banking Program provided $7.8 billion in financing in 2024 to help create and preserve...

Bank of America says its banking ‘digital interactions’ break record

CHARLOTTE, N.C. – Digital interactions by Bank of America Corp. customers grew 12% last year, reaching an all-time record 26 billion interactions through a...
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