There’s a lot to cover, so let’s get right to this week’s wrap up from my Twitter feed.
Trending
New data from @SNLFinancial shows bank M&A on pace for second-strongest year since Great Recession pic.twitter.com/b3ycUouvfK
— Jim Perry (@mi_jim) May 13, 2015
Mergers, Acquisition – Expansion, Consolidation
- Hawaii-based Pacific Rim Bank’s shareholders to vote on 6/12 on its proposed acquisition by CA-based First Foundation http://bit.ly/1KR6Ux7
- FNB Bancorp to acquire America California Bank in an all cash transaction http://bit.ly/1K9ZV5u
- NY-based Finest Federal Credit Union held a ribbon-cutting ceremony – now open to serve NYC cops http://bit.ly/1PlWqfS via @CookeonCUs
- WashingtonFirst Bankshares buying Virginia-based financial services firm http://on.mktw.net/1K8oDTE
- Kitsap Bank acquires Puget Sound Financial Services, parent of Fife Commercial Bank, full rebranding set for 2016 http://bit.ly/1cAHMPX
- Oklahoma City’s All America Bank looks to merge with Southwest State Bank and Bank of the Wichitas according to @SNLFinancial
- “Most transactions don’t take place in a bank anymore” – Key Bank official on decision to close 3 branches in west NY http://bit.ly/1H50OpI
- Merger to eliminate 60 jobs at Oneida Savings Bank http://bit.ly/1AYJ7pD
- Montgomery-area based River Bank & Trust signed a definitive agreement to merge with Keystone Bank of east Alabama http://on.mgmadv.com/1ID3v6d
- For first time in 22 years, NH’s Sugar River Bank adds Concord branch, counting on hometown banking value proposition http://bit.ly/1cSqyyr
- In WI: Cambridge State Bank & Bank of Poynette will combine operations and take on a new name: United Community Bank http://bit.ly/1EDfcUy
- Square 1 CEO Bowers to lead bank for 6 months following merger w/Pacific West Bank http://bit.ly/1AWgWry
- Carmel, IN-based Merchants Bank of Indiana is planning to build a $25 million corporate headquarters http://bit.ly/1F4pGQi
- First Commonwealth buying Columbus-based bank for $14.75M http://bit.ly/1QF1DfX
- Last Friday, regulators shut down Edgebrook Bank and announced Republic Bank of Chicago to take over http://bit.ly/1IwnVh7
- In MN, new facility in store for Two Harbors Federal Credit Union http://bit.ly/1F8Gyqg
- MO’s Providence Bank plans merger with Community First Bank in southwestern Illinois http://bit.ly/1F1CRkY
- Wisconsin’s Baylake Bank agrees to buy Union State Bank http://bit.ly/1cfEFwG
- Smaller banks focus of merger activity http://bit.ly/1cp62Ez Total deal value for 2014 bank transaction was $20B, compared to $320B in 2004
- The BofA building in Troy, MI is on the market — could be the biggest suburban office building sales in recent memory http://bit.ly/1GYGmqq
Branch Evolution
- First Federal Bank of Wisconsin makes a statement with new bank branch http://bit.ly/1E95SHF That’s a BIG billboard!
- PNC bringing pop-up branch to Charlotte for two months; part of a guerrilla marketing strategy http://bit.ly/1G5Q8Lg
- Another BofA branch joins the growing list of locations where the bank has gotten rid of drive-up teller lanes http://bit.ly/1QE0lBX
- Look closely at studies that suggest #Millennials love branches: small samplings from areas where online account opening isn’t an option.
Marketing & Branding
The @FifthThird & @nextjob partnership continues w/campaign targeting jobless new grads http://t.co/azbJkPA457 video: http://t.co/fP85zRJUc2
— Jim Perry (@mi_jim) May 13, 2015
- Take a look at @CookeonCUs‘ story by @CUTinWashington: “My #Millennial Sister Thinks Credit Unions Are Stingy” http://bit.ly/1cDk4Tk
- At The @FinancialBrand Forum, @i2pi shared @simple‘s latest video “When Did You Know?” Watch this brilliant video! https://www.simple.com
- Dupont Credit Union adopts Scenic Community name http://bit.ly/1A2BCTv
- The new #BrandofYou campaign by @FifthThird has prompted me to think about the importance of leveraging partnerships http://bit.ly/1K6apms
- Durham’s Mechanics and Farmers changing name to M&F Bank http://bit.ly/1e0WVLy
- New study: businesses breaking compliance rules in #SocialMedia. Financial the worst http://bit.ly/1JaNnte via @InformationAge MT @EricCook
- Just ran to Walgreens and received another reminder that #disruption in financial services takes many forms.
- ICYMI: @CitizensBank marks retail rebrand w/loyalty push to introduce brand to the Midwest http://bit.ly/1KZo789
- In Florida, @bio561 says analyst finds credit unions still likelier to generate customer complaints than big banks http://pbpo.st/1Iwmi2V
Mobile & Digital Transformation
- Swatch to come up w/low-cost alternative to #AppleWatch http://bit.ly/1PIelIk
- Chicago’s biggest bank, @Chase, will reissue all its debit cards to include embedded microchips http://trib.in/1KMOdug
- New alliance: @getMoven takes its mobile banking global w/@Accenture http://onforb.es/1K7QJOS
- Credit card issuer First Bankcard adds PIN to app, increases use http://bit.ly/1KIBBVh
- “You aren’t innovating unless you are making banking easier and finding ways to save people time.” – Jeffry Pilcher http://bit.ly/1F8H6MS
- UBS partners with prominent players to launch a peer-to-peer payment app in Switzerland http://bit.ly/1zXjNFH
Industry News
- Houston, TX-based Prosperity Bancshares, Inc. announces management changes; including new president Edward Z. Safady http://on.mktw.net/1ICbzWb
- Retail banks under assault by innovation, regulation http://onforb.es/1E9480R via @yourONESOURCE for @Forbes
- Are community banks dying? @UofNO study prompts debate http://bit.ly/1Fan970
- Note to bank & CU HR departments: the Baby Boom workforce peaked in size at nearly 66M in 1997 http://pewrsr.ch/1Ewsn9N
- Does Anybody Want $3 Billion in Cash From Pot Sales? Big Banks Say No, Thanks http://bloom.bg/1ATEE7E
- The avg consumer pays $118+/year in checking fees w/those enrolled in overdraft services paying $349 http://nerd.me/1crY5hW via @NerdWallet
- BREAKING: US Senate Banking bill proposes several changes for Federal Reserve system and an easing of mortgage rules http://reut.rs/1dYYtWh
- “No industry is more ripe for a simplicity revolution than banking” – @FinancialBrand‘s Jeffry Pilcher at #fbforum http://bit.ly/1F8H6MS
- NC’s @glattconsulting finds @RedwoodCU among best in nation http://bit.ly/1cp9D5r
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.