On a Friday before a holiday weekend I always wonder “If a tweet falls in a forest…” – nevertheless, here’s this week’s wrap up from my Twitter feed. Have a great holiday weekend.
Trending
The @WSJ reports @UBS building prototype virtual coin for mainstream banking http://t.co/TViG2gr29g pic.twitter.com/C5xc7E1yPa
— Jim Perry (@mi_jim) September 4, 2015
Mergers, Acquisition – Expansion, Consolidation
- Expanded service touted in merger of Helena, MT credit unions http://bit.ly/1NeKXNp
- Embassy Bank of the Lehigh Valley plans to open its eighth branch later this year in downtown Nazareth http://bit.ly/1ilswcS
- First National Bank of Pennsylvania will acquire 17 branches and $383M in deposits from @FifthThird Bank http://bit.ly/1JGKbVm
- Fed approves WA’s @Banner_Bank Corp. acquisition of AmericanWest Bank (@awbank) http://reut.rs/1UrcUG0
- Floridian Bank expands with 10th central FL location http://bit.ly/1LWPxQ1
- ME’s Machias Savings Bank breaks ground on new building in Presque Isle http://bit.ly/1L6MsXZ
- Leominster, MA-based Fidelity Bank plans to merge with the smaller Barre Savings Bank http://bit.ly/1JAGXke
- Renton, WA’s First Savings Bank Northwest now First Financial Northwest Bank; opens new branch http://bit.ly/1hTLSWw
- Ohio’s Superior Federal Credit Union plans to expand http://bit.ly/1NN621o
- In MA, Berkshire and Greylock federal credit unions merge http://bit.ly/1JLKQpK
- Dakota State Bank to merge into First Dakota National Bank http://bit.ly/1LTG7ot
- Merger between Smart Bank & Cornerstone Bank creates East Tennessee’s biggest locally owned bank http://bit.ly/1VvVaX7
- 1st Security Bank to acquire 4 BofA branches on the Olympic Peninsula (Port Angeles, Sequim, Port Townsend, Hadlock) http://bit.ly/1VvU1Pf
- In Tennessee, Pinnacle Financial Partners closes merger with Magna Bank http://on.mktw.net/1KHdmd9
- In Georgia, Hamilton State Bank completes acquisition of Highland Commercial Bank http://bit.ly/1fUP42m
- Mountain America Credit Union opens Twin Falls branch http://bit.ly/1LQPSnb
- First NBC Bank ups offer for State-Investors Bank as merger delayed http://bit.ly/1PIzG5z
- MVB Bank completes branch acquisition in West Virginia’s Eastern Panhandle http://prn.to/1FfyzEL
- Howard Bancorp closes $10.1M Patapsco acquisition http://bit.ly/1LQNrkM
- Heartland Financial’s acquisition to result in Community Bank branch closures, consolidations http://bit.ly/1JJ6Amj
- Union Federal Savings & Loan Association and First Federal Savings & Loan Association, two IL mutuals, to merge http://bit.ly/1JGDFzi
- One bank (@ts_bank) and two CUs (@VeridianCU & @CentrisFCU) building new branches in Council Bluffs, IA http://bit.ly/1KWOTwc
- Two @FifthThird Bank branches to close in OH’s Butler County as part of plan to shed about 100 branches http://bit.ly/1EnMNbz
- Mattoon, IL’s First National Bank acquires Lerna bank branch http://bit.ly/1Evm4KG
- Fidelity Bank & Trust will acquire East Dubuque Savings Bank http://bit.ly/1hrfxpn
Branch Evolution
- “Banks that survive…will look far more like tech companies than traditional banks” – futurist @ThomasFrey http://bit.ly/1PNfWh6
- 2 Omaha-area banks show how interactive teller machines offer more flexibility for customers http://bit.ly/1VyE0bm
- New Arrha Credit Union branch “has been designed and staffed to foster an efficient, professional member experience” http://bit.ly/1EBHdlW
- In the UK, Lloyds plans to close 200 branches, but it will open 50 new ones http://ind.pn/1L4fYxz
- After a year in modular structure, KY’s Casey County Bank to build permanent branch in Crab Orchard http://bit.ly/1Q5Z06g
- United Bank of Michigan bucks industry trend with a focus on new branch development http://bit.ly/1KWOgT6
Marketing & Branding
Some banks (e.g. @Chase) stop consumer perks, others (e..g. @Wintrust) revel in offering them http://t.co/QyIYIiGUTi pic.twitter.com/tCdfjFsQgX
— Jim Perry (@mi_jim) September 2, 2015
- Guerrilla #marketing tops list of @yourmarketingco‘s advice to help CUs stand out http://bit.ly/1L6QEHh
- M&T Bank is reviewing its marketing campaign after high-profile spokesman, @buffalobills‘ Fred Jackson, was cut http://on.rocne.ws/1fWUKsB
- WI’s @AssociatedBank signs @packers receivers for Touchdown Central™ marketing campaign http://bit.ly/1hWDW72
- Finding a niche: Self-Help Credit Union lauded for $76M in solar loans http://bit.ly/1NP1Jmn
- TN’s Commerce Union Bancshares dumps legacy name, takes on Reliant Bank brand post merger http://bit.ly/1FkUXN7
- Trying to appeal to #Millennials? Give away something more valuable than free pens & fridge magnets http://bit.ly/1JBjsJS | @thirddegreeadv
- Photographer Annie Leibovitz has partnered with @UBS in new ‘transformational’ brand campaign for the investment bank http://bit.ly/1JxS0uk
- GM suspends credit union discount program that generated 400,000 loans worth $9.2B http://bit.ly/1LKKY8r | via @CookeonCUs
- Three simple steps from @jrwlay to plan your credit union’s digital marketing strategy http://bit.ly/1EyLHdB | @CUinsight
- #Marketoonist @tomfishburne wonders if FIs are having “a generational identity crisis” http://bit.ly/1UmZ1TT
- Competition in the co-branded or affinity credit card segment is fierce http://bit.ly/1JrGfWh
- Survey by @GoCodigo reveals anatomy of bank & credit union #marketing depts http://bit.ly/1MXpFlJ | @FinancialBrand
Mobile & Digital Transformation
- Don’t miss @rshevlin tearing into the findings of the Federal Reserve Bank study on mobile banking http://bit.ly/1JGHL9f | @FinancialBrand
- Banks aren’t doing enough to communicate that mobile banking is secure and convenient http://www.pymnts.com/?p=162357 via @pymnts
- According to 2nd annual report on Consumer Mobility from Bank of America, mobile addicts number 280M worldwide http://bit.ly/1IIGrPe
- Weary of misleading headlines like @BosBizJournal‘s one about Fed report saying mobile being “slow to catch on” http://bit.ly/1VtfuIF
- The @FinancialBrand‘s @JimMarous reminds us that just offering mobile banking is not enough http://bit.ly/1fQT4Ry
Fintech
- An analysis of #fintech competitions shows focus on data, payments, lending, & small business. http://oreil.ly/1Xk9Uu0 | via @heathervescent
- Speaking of “#fintech revolution,” 9/24/15 @SVForum will discuss tech’s already massive impact on financial industry http://bit.ly/1L6OBTv
- Entrepreneurs @drpayoff, @q_maxlevchin, @ramahluwalia, Eric Poirier @Addepar discuss #fintech revolution http://bloom.bg/1LWl58G | @business
- #FinTech trends: wealth management and the rise of robo advisors | @chancebar for @Forbes
- 7 emerging #fintech players (e.g. @clip_mx, @iZettle, @oportunloans, etc.) in top Latin American markets http://onforb.es/1EvF9MN | @Forbes
- Wells Fargo Innovation Group sees future so bright you have to wear shades http://onforb.es/1Ie1x7S
- KPMG forms exclusive alliance w/#fintech platform @matchibiz, enhancing global access to financial service innovation http://prn.to/1Q3gwb7
- Dan Dees, @GoldmanSachs global head of tech, media, etc., talks to @businessinsider about their tech banking A-Team http://read.bi/1MXlFSi
Industry News
Bank earnings in the U.S. up 7.3% in Q2 according to @FDICgov. Profits total $43B http://t.co/xcUvZLwAqB | @WSJ pic.twitter.com/QdIncusvjW
— Jim Perry (@mi_jim) September 3, 2015
- Hawaii First Federal Credit Union reveals potential email hack http://bit.ly/1EFkBS2
- Credit unions in CA, TX, PA, MA, IN, MT & NJ appointed new CEOs last month http://bit.ly/1EFjVfh | via @CookeonCUs
- 9 credit unions join Cornerstone League http://bit.ly/1QaAJMg | via @CookeonCUs
- Credit unions in Louisiana surpass $10 billion in assets http://bit.ly/1VyDbzp
- Bank of America CEO Brian Moynihan’s job performance comes under the microscope http://usat.ly/1KHqyPa
- Arkansas bankers nix credit union participation in Tech Park lender consortium http://bit.ly/1UmrPkD
- Federal judge dismisses lawsuit against CT banking officials, sued for their actions against tribal lending companies http://bit.ly/1N2gQXK
- PenFed Credit Union CEO and President James Schenck will also head its charitable foundation http://bit.ly/1FfB6yQ
- “60% of financial institutions still use a paper-based new accounts process” http://bit.ly/1IDhepu | mind-blowing stats from @GonzoBanker
- New banking program emerges as Alabama debates payday and title loan issues http://bit.ly/1Ffu25e
- Here’s @WSJ‘s chief economics correspondent Jon Hilsenrath w/3 takeaways from Fed’s annual mtg http://on.wsj.com/1Q3kb8X
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.