What is bit-banding?
The ARM info center refers to bit-banding in their Cortex-M3 and -M4 documentation, compiler docs, and a few other places, like Home > Programmers Model > Bit-banding. From Home > Developing software for Cortex-M3 > Bit-banding:


  Bit-banding maps a complete word of memory onto a single bit in the
  bit-band region. For example, writing to one of the alias words will
  set or clear the corresponding bit in the bitband region.


It appears to be a way to get single bit atomic operation.


  When writing to the alias regions bit 0 of the 32 bit word is used to
  set the value at the bit-banding region. Reading from the alias
  address will return the value from the bit-band region in bit 0 and
  the other bits will be cleared.