The first week of June has offered a lot of great information on consumer behavior – especially as it relates to branching. You’ll want to share this week’s wrap up from my Twitter feed with your colleagues. Have a great weekend.
Trending
Millennials to Wall Street: Cute Bank Branch…Dad http://t.co/jN9fzgo5Dm via @ThorntonMcEnery pic.twitter.com/bdildi4gR1
— Jim Perry (@mi_jim) June 3, 2015
Mergers, Acquisition – Expansion, Consolidation
- Community banks, reinvigorated by an improving economy, are branching out again in Bergen County, NJ http://bit.ly/1HPuAiF
- Newton Co. Bank acquisition will give BankFirst top 10 Miss. market share http://bit.ly/1dRLSEz
- First Mountain Bank and PBB Bancorp/ Premier Business Bank in merger talks http://bit.ly/1GosYS8
- As of May 31, @SNLFinancial counted 116 merger/acquisition deal announcements in the banking sector for 2015.
- Bank of Blue Valley to purchase The Federal Savings Bank’s Overland Park, Kansas branch http://bit.ly/1EY9b4Q
- No surprise here: Bank of America cuts branches/workers to focus on $3B-a-day #mobile business http://bit.ly/1FVJ9D5
- In eastern Iowa, Garnavillo Savings Bank of Garnavillo is planning to merge with Community Savings Bank of Edgewood http://bit.ly/1M7qh5G
- Liberty Bank and Naugatuck Valley Financial Corporation announce merger agreement http://cnnmon.ie/1FvZo7z via @CNNMoney
- Chemical Financial completes acquisition of Lake Michigan Financial http://bit.ly/1dOBo97
- BB&T receives approval for The Bank of Kentucky acquisition http://on.mktw.net/1Q9lN4O
- Virginia Credit Union adds 2,000 members w/completion of merger w/Sperry Marine FCU http://bit.ly/1dLzgie hope they miss my last tweet!
- American Founders Bank Inc. has sold three Lexington branches to City National Bank of West Virginia http://bit.ly/1MktbEO
- Phoenix-based Meridian Bank has become part of UMB Bank following an all-stock acquisition of Marquette Financial http://bit.ly/1K6M12W
- Holding company for KY’s Town Square Bank acquires Commonwealth Bank http://prn.to/1I8xphw
- TX’s First Financial Bank completes acquisition of 4Trust Mortgage, Inc. http://cnnmon.ie/1I8wSfg
- Community & Southern Bank acquires $764M of deposits and 15 branches from Certus Bank in Georgia and Florida http://bit.ly/1Qm56xN
- Bank of North Carolina to acquire seven of Certus Bank’s branches http://prn.to/1M0etC7
- South Carolina’s CertusBank to sell banking operations, remaining branches http://bit.ly/1EOuaHd
Branch Evolution
- Westpac’s head of retail and business banking says Australia’s second largest bank is still investing in branches http://bit.ly/1JpKqEM
- Retail bank branch is doomed, and banks don’t know it http://cnb.cx/1ANmtWE story by @erprose for @CNBC
Marketing & Branding
Study from @JavelinStrategy shows, for millions, #mobile banking now trumps going to a branch http://t.co/DsWnuPx1w9 pic.twitter.com/h9kdxYMC7N
— Jim Perry (@mi_jim) June 4, 2015
- Video from @Sprinklr explains how @BBVACompass fosters connections through social customer care http://bit.ly/1EZvQO4
- The @nytimes asks “Do #Millennials Need Fun Banking?” @qapitalapp thinks so. http://nyti.ms/1FTf3QM @annanorthtweets
- IN’s @3Riversfcu Foundation donated over $94,500 to organizations in the first half of 2015 http://bit.ly/1dbVSrg
- 77% of consumers do not believe banking meets expectations in basic banking areas – @JimMarous on @FISGlobal study
Mobile & Digital Transformation
- “For the moment, cash is still king. But the #mobile king is just around the corner.” – @chuckmartin via @MediaPost http://bit.ly/1Fw0ZKE
- Fin-tech startup @nubankbrasil, founded by former partner at @sequoia, raises $30M to challenge banking in Brazil http://nyti.ms/1ANxreL
- The @Starbucks breach that wasn’t (and other lessons in security) http://bit.ly/1BKvTNA from @pymnts
- Thousands of debit cards vulnerable after skimming at VA Credit Union ATMs http://bit.ly/1QoFf8s
- PayPal co-founder Max Levchin is looking to reinvent credit market w/lending startup @Affirm http://fxn.ws/1FSaSVm
Industry News
Nearly $4 for every $10 credit unions had lent out as of March had gone towards a new car loan http://t.co/GTW3Pfl78F pic.twitter.com/hrQk1xjnHG
— Jim Perry (@mi_jim) June 2, 2015
- HSBC might axe up to 20,000 jobs globally http://bit.ly/1JvPyaw
- Jamie Dimon is now a billionaire, and @business looks how how he got there in an unusual way http://bloom.bg/1SVlTMq
- 3 Critical #Fintech Innovation Trends in Banking http://bit.ly/1cuzd92
- A focus on culture helped turn around TX’s @PrimeWayFCU http://bit.ly/1RLZtM5 Great example of @mi_sullivan‘s Purpose + Passion = Profits
- Q1 2015 U.S. Banking Review: Outstanding Card Balances http://onforb.es/1EY8Q1Z via @Forbes
- 2nd year @Barclays analyst sends inappropriate email to new interns entitled “Welcome to the Jungle” http://on.wsj.com/1G6EG1I
- The Q1 2015 Credit Union CEO Confidence Survey from Catalyst Corp shows drop in CEO confidence http://bit.ly/1JkqVir via @CookeonCUs
- Buzz out of #xfinance in NYC: “You either disrupt yourself, or someone else will” – @PeterDiamandis of @singularityu http://bit.ly/1dLsr0c
- U.S. credit union members’ savings hit historic trillion-dollar mark http://bit.ly/1Q2Sv83
- Key conclusion from US banks panel – Fitch expects to see growth in U.S. shadow banking #FitchCredit
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.