I really appreciate everyone who regularly follows my Twitter feed. Here’s the weekly wrap up. Have a great weekend.
Trending
The @FinancialBrand shares @jpalocsik (w/@Verint) thoughts on branch transformation http://t.co/F3pt9YMHyb #MustRead pic.twitter.com/utXpgVFq6F
— Jim Perry (@mi_jim) August 11, 2015
Mergers, Acquisition – Expansion, Consolidation
- A proposed ‘Good Neighbors’ credit union intended to serve residents in Buffalo, NY’s West Side is making progress http://bit.ly/1TAll1h
- Pacific Northwest Credit Union to merge with North Coast http://bit.ly/1NfphiT
- OH’s Delaware County Bank looking at adding branches, making an acquisition http://bit.ly/1WoEoum
- TX’s Pioneer Bank to merge with First Community Bank. The combined bank = $1.1B assets & 22 branches. http://bit.ly/1MnKQNv
- MI’s Community Choice Credit Union executes second merger of year http://bit.ly/1Wlwd1X
- Girard, KS-based GN Bankshares will acquire Pittsburg, KS-based University National Bancshares http://bit.ly/1WluhGL
- KeyBank to close East Cleveland branch, one of 20 or 30 nationwide http://bit.ly/1Nq3Vxd
- Work continues on $1M Southern Michigan Bank & Trust branch http://bit.ly/1WiiFnQ I hope they’ve considered updated format!
- Lenox National Bank shareholders OK deal w/MA’s Adams Community Bank http://bit.ly/1IYBWkd
- After acquisition dry spell, Prosperity Bancshares CEO on the hunt http://bit.ly/1N6k0Kx “It has to be the right deal. It all has to work.”
- America’s Credit Union opens new branch in Puyallup, WA Walmart http://bit.ly/1PgkNrn
- In Iowa, Northwestern States Cement Employee Credit Union and CENT Credit Union to merge http://bit.ly/1IZ9mDx
- In WA, @HomeStreetBank to buy AmericanWest branch. http://bit.ly/1Kdtka8 “Supporting rural markets is key to traditional community banking”
- Community Bank of Wheaton, Glen Ellyn to be acquired by @Wintrust http://bit.ly/1N3ohhS
Branch Evolution
- Portland credit union keeps funky, signature roof intact as part of an extensive remodel http://bit.ly/1DJC4Z6
- NY’s Evans Bank rebuilds fire-ravaged branch with new format, universal bankers (but still two teller windows?) http://bit.ly/1P6hO49
- Branch vs. Mobile: In 2015 in the UK, 427M branch transactions, 895M mobile transactions. http://yhoo.it/1f3faj9
Marketing & Branding
TN’s FSG Bank pilots high-tech bank branch http://t.co/C2SbMyPUOn engages customers w/@blippar app and #fsgbankGO pic.twitter.com/6aKZm97Lgd
— Jim Perry (@mi_jim) August 11, 2015
- Engaging #Millennials on #mobile devices has never been harder, or more crucial http://bit.ly/1EdLJ4x | @MediaPost
- The @TDBank_US video that I mentioned on Aug 3 has now been viewed 5.3M times. #TBT: The power of saying #tdthanksyou http://bit.ly/1Lrbp5p
- It is possible to use granular, aggregated yet anonymous, financial info to understand & reach an affluent audience http://bit.ly/1Ml0jxU
- In the UK, @atom_bank taps video game technology to win #mobile customers http://reut.rs/1h5ynCX | @Reuters
- DuPage Credit Union helps students in need through “We’ve Got Your Back” campaign http://bit.ly/1MhGWpq
- #MondayMotivation: #MustRead @FinancialBrand‘s 11 Cs of Breakthrough Financial Brands http://bit.ly/1HBmqcX
Mobile & Digital Transformation
- ApplePay™ now available to @Bellco_CU members http://bit.ly/1UCGl4q
- Last year, banks lost $4 billion to fraud – biometrics gain traction for mobile security http://bit.ly/1gZGaC6
- Mobile banking users set to double (to 1.8B) over next four years – Full @KPMG report here: http://bit.ly/1ILE9Uq
Fintech
- Swiss-based @SSXnews opens #fintech incubator “F10” saying “SIX is predestined to play a pioneering role.” http://bit.ly/1Lb6BRU
- The @USOCC‘s Thomas Curry says OCC may create innovation unit to help banks compete with fintech firms http://1.usa.gov/1MpAe2d
- UBS launches #fintech competition – “We are looking for disruptive ideas” http://bit.ly/1gD90aD
- BREAKING: @FISGlobal buying @SunGard for $9.1B; becomes largest financial services technology company in the world http://on.wsj.com/1IH11Tv
- Next month’s @CareerZootweets 10 in Dublin, Ireland to focus on #fintech, women in tech and big data http://bit.ly/1UCJSzG
- VKANSEE Fingerprint ID startup for #FinTech opens NYC offices http://bit.ly/1IKkOzh
- Envestnet buys #fintech company @Yodlee for $590M http://for.tn/1JSGBcm
Industry News
Going mainstream: @GoldmanSachs expands retail banking by taking on @GECapital’s deposits http://t.co/iceDPL0v7v pic.twitter.com/n4i72lWhgA
— Jim Perry (@mi_jim) August 14, 2015
- Nine banks (including @HSBC_UK & @Barclays) agree to pay $2B to settle forex rigging suit in the US http://bit.ly/1DSkiTa | via @Telegraph
- $34.5M fine levied against @CitizensBank by @CFPB, @FDICgov, @USOCC for shorting customers http://t.co/Y4icqL1TDW
- Credit unions’ share of all mortgage originations up from 7% in Q1 2013 to 11% in Q1 2015 http://on.mktw.net/1P6jPNI
- “Decisions about the core platform should start with an institution’s strategy” http://onforb.es/1L57NU6 @Tomgroenfeldt on @Fiserv for @Forbes
- Citizens Bank becomes an unlikely student loan leader http://onforb.es/1gu3RSn | @Forbes
- Three CEOs were recently appointed to lead credit unions in Maryland, Tennessee and California http://bit.ly/1Wf1KCF | @CookeonCUs
- The @chicagotribune asks/answers “Is Marco Rubio right about 40% of banks wiped out by Dodd-Frank?” http://trib.in/1KV8XkY
- NYC’s ‘responsible banking’ law ruled unconstitutional – @NYBankers lawsuit prevails http://cnb.cx/1MhBhjb
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.