Later this morning I head to Denver to speak on “Reinvent & Reposition: Essential Principles for Growth and Profitability” http://cuindenver2015.org. Will I see #CUinDenver2015? Until then, here’s this week’s wrap up from my Twitter feed. Have a great weekend.
Trending
Bank or coffee shop? The @WSJ: “banks just can’t figure out what to do with their branches” http://t.co/4eAiZKYl9H pic.twitter.com/WqkvEMcQhr
— Jim Perry (@mi_jim) July 7, 2015
Mergers, Acquisition – Expansion, Consolidation
- PA’s Metro Bank must pay township $124K transportation impact fee for new midstate branch http://bit.ly/1grMVMo
- Reading, OH’s Valley Central Bank is opening its first branch http://bit.ly/1LVPfaD
- After BB&T, What’s Next Up For Regional Bank Mergers? @KBWTrading points to 5 possibilities http://bit.ly/1NTBqYx | via @IBDinvestors
- NJ banks and bank branches continue to decline http://bit.ly/1L1QqVc
- ICYMI: BB&T receives approval to acquire Susquehanna Bancshares http://bit.ly/1JRapHj
- Fox Communities Credit Union completed its merger w/RiverWood-Maritime Credit Union & rebranded RiverWood’s locations http://gbpg.net/1dLKFO2
- Bucks County, PA lenders to merge as Penn Community Bank. Shareholder vote set for July 21. http://bit.ly/1HNEohb
- Reunion Bank of Florida to merge with Birmingham, AL-based National Commerce Corp. http://bit.ly/1fmYEvI
- Seaport, St. Jean’s credit unions merger in MA provides dividends to members http://bit.ly/1NNYd8m
- Town and Country Bank Midwest completed its acquisition of Lima, IL-based State Bank of Lima | via @SNLFinancial
- Richmond Community Federal Credit Union merges with Peach State Federal Credit Union http://bit.ly/1HagQ1d
- Americas United Bank to buy 2 branches from Banc of California http://on.mktw.net/1HJTTIO
- CA’s Bank of Stockton announced it will acquire a Fairfield branch office from First Bank http://bit.ly/1glbESJ
- TN’s CapitalMark bank merger with Pinnacle approved by regulators http://bit.ly/1KK0cfW
- Home Bank to acquire Bank of New Orleans http://bit.ly/1LU9hmK
- In South Carolina, South State Bank acquiring branches from Bank of America http://bit.ly/1CkzJmL
- Bank merger plans stir concern, hope in Gardiner & Augusta, ME http://bit.ly/1CVM4bv
- Flint, MI-based Security Credit Union has received final regulatory approval of its merger w/St. Patrick Credit Union http://bit.ly/1KBqyiP
Branch Evolution
- CEO of @ficoba “people are wrong if they believe physical branches offer a personal touch” http://bit.ly/1LXTdAu
- Virginia-based @NavyFederal Credit Union has tripled its number of branches in Hampton Roads http://bit.ly/1HaszOg
- Don’t miss @mi_sullivan for @FinancialBrand: Keep, Close or Transform? 3 Steps to Rationalizing Your Branch Network http://bit.ly/1J2dFtP
Marketing & Branding
Shout out to Pamela and the awesome team at FL’s @PenAirFCU on their rebrand! pic.twitter.com/eqf8IhW4cP
— Jim Perry (@mi_jim) July 7, 2015
- Flint, MI’s Perani Arena renamed Dort Federal Credit Union Event Center http://bit.ly/1JWzUUT
- Marketers need to employ short, online videos that have positive messages & are easily shared through social media http://bit.ly/1HftVcF
- Oops! AZ’s Hughes Federal Credit Union car loan mistake gets resolved in public forum http://bit.ly/1IIUw4f
- Big data helped cut collection costs at one regional bank. http://onforb.es/1UzW6Kq
- What Apple, Lending Club, and AirBnB know about collaborating with customers http://bit.ly/1Tg2zZx | via @HarvardBiz #mustread
Mobile & Digital Transformation
- MA’s Digital Federal Credit Union aims for broader fintech reach with new class of startups http://bit.ly/1HRYgzL
- Portland lending software maker @miradorfin nabs Oregon banking partnership http://bit.ly/1dPYnzv
- Great advice from @Tomgroenfeldt: Talking Sensibly To #Mobile Banking Clients Who Check In Daily http://onforb.es/1KWQwgI | @Forbes
- ICYMI: 10 #FinTech CEOs disrupting finance w/technology (e.g. @TransferWise, @Kofax, @trulioo, etc.) http://entm.ag/1HaBkIe | @Entrepreneur
- Apple is continuing the roll out of #ApplePay with the addition of 20+ new US banks and credit unions http://bit.ly/1MctRvF
- Slideshow from @AmerBanker: Nine Apps to Help the Underbanked Take Control of Their Finances http://bit.ly/1IGPIwm
- A little advice from Kristin Wong at @Bankrate: 5 dumb mobile banking mistakes http://bit.ly/1Ri1hzz
- In the UK, Lloyds Bank moves closer to abolishing passwords http://bit.ly/1Ckybcn
Industry News
2014 Global #CreditUnion Statistical Report available from @WOCCU http://t.co/GYN0YH7iry #CUinDenver2015 pic.twitter.com/LyW8xue7sl
— Jim Perry (@mi_jim) July 9, 2015
- State treasurer partners w/@IllinoisLeague to ensure state workers can get interest free loans during budget standoff http://bit.ly/1HoRRav
- Colorado’s US Senators back bill calling for marijuana banking services http://bit.ly/1HhzjKo
- Is JP Morgan’s CEO banking on Dodd Frank repeal? http://huff.to/1KPfBLW
- Don’t miss @davidbrear‘s @FinancialBrand article: Career Bankers Are Banking’s Biggest Threat http://bit.ly/1HQ95lV
- Banking analyst Dick Bove believes following the industry’s biggest names will pave the road to profitability http://cnb.cx/1RlYmG8 | @CNBC
- TD Bank names Michael Rhodes head of Consumer Bank http://on.mktw.net/1KSvMGN
- Sen. Warren is reintroducing a “21st Century Glass-Steagall Act” to limit bailouts of complex financial institutions http://bit.ly/1UzR5l5
- Bankers in developing countries struggle to apply rules that don’t fit their customers http://on.wsj.com/1HMp0DG
- Barclays fires chief executive Antony Jenkins, temporarily replaced by the new chairman, John McFarlane http://bit.ly/1KNoIgm
- Citibank is working on its own digital currency, Citicoin http://tcrn.ch/1LQ7uOG | @johnbiggs at @TechCrunch
- A group of @HSBC_UK employees has been fired after a video emerged online which showed a mock ISIS-style execution http://nbcnews.to/1HKz1zo
- Greece after the NO vote: 4 options for Greek Banking http://onforb.es/1exxfWL | @BillConerly for @Forbes
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.