One month from today I’ll be at the @CUNA/@WOCCU conference #CUinDenver2015 speaking on “Reinvent & Reposition: Essential Principles for Growth and Profitability” http://cuindenver2015.org Will I see you there? In the meantime, don’t miss this week’s wrap up from my Twitter feed. Have a great weekend.
Trending
The @WSJ reports that @WellsFargo sees continued growth through acquisitions http://t.co/pTBibhSYG6 pic.twitter.com/czaoyrJe9m
— Jim Perry (@mi_jim) June 11, 2015
Mergers, Acquisition – Expansion, Consolidation
- Sunnyvale, CA’s PremierOne Credit Union is looking to expand by snapping up a smaller competitor http://bit.ly/1B7sCgN
- Despite a petition from business owners & residents of town, @SunTrust will close branch in Spencer, NC (pop 3,267) http://bit.ly/1QRLfqC
- MN’s Lake State Credit Union merges with Members Cooperative Credit Union http://bit.ly/1Hv6PRe
- Mutual of Omaha Bank announces another branch closing http://bit.ly/1I3vVCC
- Duncan Bank of Commerce expanding with 5,000 sq ft Chickasha, OK branch http://bit.ly/1L36ZBb
- Peabody, MA-based North Shore Bank and Merrimac Savings Bank have announced that they will merge http://bit.ly/1FUEJJA
- Somerset, NY (pop 2,662) in search of a bank or credit union to replace KeyBank location set to close in August http://bit.ly/1QOtRTw
- Southern Michigan Bank & Trust to open new branch in Portage, MI http://prn.to/1S3U5Uz (CEO is promoting drive through lanes, 24-hr ATM?)
- Bank of America will discontinue drive-up teller service at 12 Nashville area branches next month http://tnne.ws/1L16bg8
- Three takeaways from the Seattle-Des Moines FHLB merger http://bit.ly/1I1dQoJ
- Opposition mounts to closure of two Community National Bank branches in NE Vermont http://bit.ly/1T8EKUr
- Two merging Bucks County community banks have settled on a name for the combined entity: Penn Community Bank http://bit.ly/1MkD3xF
- Choice Financial to acquire another North Dakota community bank this year http://bit.ly/1B2Sudn
- El Paso’s First National Bank to merge into WestStar Bank http://bit.ly/1QhFkQD
- New England Federal Credit Union moves into Michigan & Ohio with acquisition http://bit.ly/1MBgZjf
- VA’s Call Federal Credit Union kicking off expansion with new branch http://bit.ly/1T6QMxt
- On WI’s Baylake Bank/Union State merger: “Four locations in a community of 3,000 people may not make a lot of sense” http://gbpg.net/1KPSPQQ
- Scituate Federal Savings Bank and Weymouth, MA-based S-Bank have announced that they plan to merge http://bit.ly/1JyAHh1
Branch Evolution
- “The brick & mortar is not as important as the relationships that we have with our customers.” John Taylor, PBI Bank http://bit.ly/1e89h4P
- New research from @JavelinStrategy suggests that consumers now prefer mobile banking to in-person branch banking http://bit.ly/1GBTcAJ
- “It surprises me that we still talk about channels…as surely it’s now just physical and digital.” – @Chris_Skinner http://bit.ly/1IppOLD
- Content from @DeloitteFinSvcs in @WSJ says bank branches still a critical piece of omnichannel banking experience http://bit.ly/1dq9v6d
Marketing & Branding
The @FinancialBrand takes a peek inside 7 of the banking world’s coolest innovation labs http://t.co/PGj15BznPo pic.twitter.com/Uvc2Xhdq0S
— Jim Perry (@mi_jim) June 8, 2015
- Evangelist Franklin Graham’s move to pull money from @WellsFargo over same-sex ad (http://bit.ly/1INTFwz ) backfires http://onforb.es/1FSL605
- TN’s Altra Federal Credit Union will host free Cash Camps for children http://bit.ly/1FXUsrp
- Data is “an ocean you can’t drink. But you can gain insight” – @jmbrandonbb on building a data-driven company http://bit.ly/1cLqHCB | @Inc
- Study for @SaylentTech shows segmentation key to actionable insights http://bit.ly/1MnPaKt | @FinancialBrand
- Anarchy in the UK banking sector! @VirginMoney sexes up money w/#SexPistols themed cards http://bit.ly/1JEUQSS
- Great info today from @BECU‘s Shirley Taylor on partnership w/@INETCOInsight to understand ATM member analytics #BankingAnalytics
- Sterling Bank & Trust has “hired” two robots as greeters at the bank’s new CA locations http://bit.ly/1S0ZT17
Mobile & Digital Transformation
- More from @BankDirector conference in Chicago: Why banks are concerned about the mobile wallet boom http://bit.ly/1B6WREC #BDAudit15
- New credit-card reader from @Square can handle mobile payments from Apple Pay and Android Pay http://bit.ly/1I3xC2Q
- RBC to be the first Canadian financial institution to use biometrics for #mobile security http://bit.ly/1FaNRcq
- “Innovation is not creating new apps; it’s disrupting the market place where customers come up to you and say wow.” #emergeforum15
- Skimming device found on NASA Federal Credit Union ATM In Columbia, MD http://cbsloc.al/1QOAVQj
- Notice how @Chase‘s blog content is pushing consumers/business to make the switch to #mobile banking http://bit.ly/1IEYEDn
- TX’s @UnwiredNation adds Touch ID biometric fingerprint support for mobile banking app http://bit.ly/1JEWPGF
- USAA mobile goal “to dynamically render an experience that demonstrates to the member that we know them”http://bit.ly/1dtXQ6t @BankTechNews
- Follow up to #WWDC15 story: @nattgarun gives us everything Apple announced at WWDC 2015 in one handy list http://tnw.co/1BUQyyK
- According to @CNNMoney, @AbraGlobal could cause your bank account to be the next thing to go obsolete http://cnnmon.ie/1cGJtuV #fintech
- I wonder how many #fintech pros are paying attention to Apple’s #WWDC2015 http://ind.pn/1FEjWuI #ApplePay on its way to UK?
- Take a look at @TanayaMacheel‘s story on how Wintrust endeavors to beat the Big Banks in #mobile for @BankTechNews http://bit.ly/1dq8tr4
Industry News
HSBC to cut about 50,000 jobs in major overhaul of global business http://t.co/CK0VPCuQvW | @dealbook pic.twitter.com/DzNZxnKGGV
— Jim Perry (@mi_jim) June 9, 2015
- “New technologies mean new competitors banks never considered on the playing field.” @BankDirector Pres. @AlDominick
- The @BBCBusiness reports that @VirginMoney‘s chief executive has criticized “alpha male” banking http://bbc.in/1ML61Yn
- Fighting words? @Chase‘s Dimon on @SenWarren: “I don’t know if she fully understands the global banking system” http://bloom.bg/1L1J1X0
- According to PwC, bankers are generally not prepared to deliver a customer-centric experience http://pwc.to/1kJHmIM
- Report says more than 50 U.S. credit unions at risk for money laundering activity http://bit.ly/1cLoiYJ
- Virginia Credit Union’s skimming problem expands http://bit.ly/1FO08Eh
- In TN, FAA Federal Credit Union worker kidnapped, forced to let robbers into branch http://bit.ly/1B2Txdp
- Commentator @skumarus lays out a rationale for why MasterCard should buy American Express | via @TIME http://ti.me/1RXMXZS
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.