In case you missed my Twitter feed this week, here’s the wrap-up of top stories on mergers, fintech, marketing, etc.:
Trending
3 #fintech start-ups (@Betterment, @onbondstreet & @Seedinvest_co) disrupting big banks http://t.co/9dccgWe8dO | @AlexTynion for @TheStreet
— Jim Perry (@mi_jim) September 29, 2015
Mergers, Acquisition – Expansion, Consolidation
- Green Bancorp, Inc. completes merger w/Patriot Bancshares, Inc. http://bit.ly/1M5WFnP
- Triumph Bancorp completes subsidiary merger; will change name to TBK Bank http://bit.ly/1QP0G3P
- Charlotte’s Park Sterling Corp. to buy VA’s First Capital Bancorp http://bit.ly/1VpwMKf
- Springfield, IL’s Town and Country Bank to acquire Premier Bank of Jacksonville http://bit.ly/1PS4Yr3 Congrats @micahbartlett!
- ICYMI: @FifthThird has seen no significant decline in customers as result of branch closures http://bit.ly/1OJ0zJr
- MA’s NUVO Bank shareholders approve $21.8M Merchants Bank merger http://bit.ly/1VpuQkP
- 1,129 Days Later… @MandT_Bank & Hudson City Bancorp deal approved http://on.wsj.com/1YQKVPD | @WSJ
- Pacific Premier Bancorp to acquire Security California Bancorp http://bit.ly/1jA6BPU
- Springfield, MO’s Great Southern Bank acquires a dozen branches from @FifthThird http://bit.ly/1FKj6SH
- In Illinois, Royal Financial closes on PNA Bank acquisition http://bit.ly/1hdLiBN
- Feds OK Liberty Bank merger w/Naugatuck Valley Savings and Loan in CT. Deal needs OK from state, stockholders. http://bit.ly/1j0wbgM
- .@TheMotleyFoolCA asks “Is @TD_Canada set to make another US acquisition?” http://bit.ly/1j0viF1
- GA’s Ameris Bancorp to consolidate 10 branches, reduce annual operating expense by approximately $5.0M http://prn.to/1Wxqvco
- University Health FCU and Augusta Metro Federal Credit Union to merge http://bit.ly/1NZg8Lk
- Louisiana’s Whitney Bank to relocate 6 local branches; market president says no jobs impacted http://bit.ly/1L1Ta5m
- Chesapeake Bank opens first branch in Richmond area http://bit.ly/1QJrNxf
- France’s 3rd largest bank, @SocieteGenerale, to close as many as 400 branches in next 5 years http://on.mktw.net/1RdlfrB
- Americas United Bank completes 2-branch acquisition from Banc of California http://bit.ly/1O5xUON
- Seattle’s @HomeStreetBank to buy Orange County Business Bank http://bit.ly/1FDzuV1
- BB&T announced Friday its intention to close five National Penn Bank branches and one former Susquehanna Bank branch http://bit.ly/1VlJS5R
- A new a 2,700-square-foot Ann Arbor State Bank branch with a drive-thru will be built http://bit.ly/1JydshA
- The acquisition of Lenox National Bank by Adams Community Bank in MA has received all required regulatory approvals http://bit.ly/1Wt0w5Z
- Community Bank now says Oneida Financial acquisition will close late in Q4 http://bit.ly/1MU0sdE
- First National Bankers Bank in Baton Rouge completes Florida acquisition http://bit.ly/1LgAVvd
Branch Evolution
- In Dayton, @PNCBank unveils ‘Branch of the Future’ as it preps to convert hundreds more http://bit.ly/1iITRWd
Marketing & Branding
New @umpquabank spot “The Seed and the Moon” part of campaign (http://t.co/YbkuB0yycx) to empower people to grow http://t.co/KKprUZ00ca
— Jim Perry (@mi_jim) September 30, 2015
- Busting The Top 5 Onboarding Myths in Banking http://bit.ly/1LZipC1
- Survey by @MasterCard reveals we shop online or mobile in some of the “craziest” places (e.g. shower, funeral) http://trib.in/1LjO72s
- Community engagement: @TDBank_US holds coin counting fundraisers for local organizations – hopes to raise $1M http://cour.at/1RfJQvH
- Iowa State Bank is one of the winners of @ICBA‘s Marketing Contest http://bit.ly/1Viwyo7
- Does your credit union have a “@Starbucks Name”? http://bit.ly/1Jye7zu | via @verityseattle‘s @youngmelina for @CUinsight
Mobile & Digital Transformation
- Here’s another story (from @ABC7) on biometrics as the future of banking security http://bit.ly/1Gk5atF
- BB&T customers build their own online banking portal http://bit.ly/1j2Cxwn | via @MaryMWisniewski at @BankTechNews
- Mobile banking a death blow to branches? Not in Columbus http://bit.ly/1L4FMxu | @EvanWeeseBiz1st quotes our CEO @mi_sullivan on branching
- “to better engage customers across both face-to-face and digital touch points, banks need data” http://bit.ly/1O1vXRY | @jpalocsik
- The lines between traditional lenders and their online peers continues to blur http://cnb.cx/1KNPM9L | Jon Barlow for @CNBC
- Educators Credit Union launches @ondotsys‘s credit card control app http://bit.ly/1RbdEJX watch video here: http://bit.ly/1Gc0qpV
- The @FinancialBrand‘s @JimMarous on how future technology shifts impact all facets of banking http://bit.ly/1MA0eph
Fintech
- Six months in, @FinTechSandbox shows off progress for finance startups http://bit.ly/1FL8KlL
- Japan’s SoftBank leads $1B investment in U.S. #fintech startup @SoFi http://reut.rs/1VoH1yk
- Chicago online consumer lender @Avant_US pulls in $325M in new equity http://bit.ly/1jw65lQ | via @stevedaniels27 at @CrainsChicago
- Is the #fintech sector overheating? | via http://bit.ly/1MWN3BE @pennycrosman for @BankTechNews
- London designer has created a new contactless payment ring called Kerv (@KervLife) http://bit.ly/1P3ubQQ #wearables
- Fintech marketplace companies are crafting an archetype for success by overthrowing stale industries http://onforb.es/1KzOAKd | MT @navathwal
- This #Fintech Company Will Give You Costly Investment and Banking Services for Free @WSJMoneyBeat http://on.wsj.com/1KOa0Bq
Industry News
The @FDICgov annual report: Deposits up, while number of banks, branches drop http://t.co/dPYdo46spD | via @PHLBizLawBank
— Jim Perry (@mi_jim) September 29, 2015
- This past Mon., @CUNA said it is reviewing @MichCULeague’s decision to allow direct membership choice http://bit.ly/1PS7s8O | @CookeonCUs
- Vehicle theft report targets former Valor Credit Union CEO http://bit.ly/1OLCAcC
- More evidence of regulatory costs at Fed banking meeting http://bit.ly/1GnEYhR
- Philadelphia Federal Credit Union debit cards compromised – small, unauthorized charges booked over weekend http://6abc.cm/1KTyuct
- Banking industry challenged w/smaller ROE, fewer banks. Only 2 of 10 largest banks earned ROE >10% http://bit.ly/1Lm52Bh | via @TheStreet
- Median salary for CEOs managing credit unions with $100M+ in assets totaled $207,000 in 2015 http://bit.ly/1RfL5eg | via @CookeonCUs
- Commentary: Why Citigroup should ditch its retail-banking business http://cnb.cx/1O5Nl9y | Richard Bove for @CNBC
- Bank of America to lay off 100+ employees in its global banking and global markets unit http://on.wsj.com/1JAaJV1
- 45 CUs make @CUJournal best CUs to work for list http://bit.ly/1YvNC9h (Congrats @LMCU, @OMNICCU, @msufcu, @laketrust & @MichiganFirstCU)
- NJ’s Hudson City Savings Bank agrees to record $32.75M settlement with @TheJusticeDept http://bit.ly/1KHSlxg
- The @CFPB reached settlement w/ @FifthThird Bancorp on claims of discriminatory lending http://on.wsj.com/1ODSEx8
- U.S. Bank surpassed Fifth Third in market share in Ohio http://bit.ly/1ODS1DN
- The six largest U.S. banking institutions on Monday called for a “strong global climate agreement” http://bit.ly/1L1O9K5
- Dozen arrested in protest at SF’s Bank of the West linking banking industry to climate change http://bit.ly/1Voaz9U
- The @AmerBanker: @SpeakerBoehner‘s exit a mixed bag for bankers http://bit.ly/1Ve25ax
- ICYMI: @CUNA President & CEO Jim @Nussle‘s statement on @SpeakerBoehner resignation. http://bit.ly/1h2AsP6
- Payments startup @Square to file for IPO in the next two weeks http://for.tn/1iAC5EJ
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.