Banks finding ways to make up for lost fees

Many bankers locally and nationally still are on the hunt for strategies to make up lost fee income.

New federal regulations in the Durbin Amendment of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010 capped the amount of debit card interchange fees paid by merchants. Separate Federal Reserve regulations in 2010 curbed checking overdraft fees.

Regionally, some bankers look to wealth-management programs and foreign exchange as places to make up the lost revenue. Others say their strategies are to build revenue through growth while they try to keep fees down.

Vectra Bank is one looking to make up lost fee…