Sorry for the slight delay in this morning’s update…it seems we had a web glitch. Here’s the wrap-up of top stories on mergers, fintech, marketing, etc. from my Twitter feed:
Trending
The @FDICgov‘s annual Summary of Deposits data shows the number of branches nationwide declined by 1.5% between June 2014 and June 2015
— Jim Perry (@mi_jim) October 5, 2015
Mergers, Acquisition – Expansion, Consolidation
- GCS Credit Union has agreed to acquire Bell Community Credit Union in Illinois http://bit.ly/1JWLc8w
- Bangor Savings Bank to build two branches in southern Maine http://bit.ly/1L3tHYe
- Hancock Holding Company to expand healthcare banking across 5-state Gulf Coast corridor http://hatne.ws/1QdxzXY
- RBC receives U.S. regulatory approval for City National acquisition http://bit.ly/1P05c1S
- American Bank will be merged into Congressional Bank by the end of the year http://bit.ly/1VG3IhI
- Kansas, Missouri credit union associations merge http://bit.ly/1Me3CmY
- Michigan’s Monroe Bank & Trust closing 3 branches – cites 50% increase in mobile use by customers http://bit.ly/1hqeMN0
- Completed merger of AmericanWest Bank into Banner Bank gives Walla Walla the 2nd-largest bank headquartered in WA http://bit.ly/1Q76y8m
- FYI: For 2015, as of 9/30, @SNLFinancial counted 202 M&A deals in the banking sector with an aggregate disclosed deal value of $13.44B.
- Merger of Washington Savings Bank and First Federal Savings and Loan of Mattoon official. http://bit.ly/1QWsF1u
- Consolidation is inevitable for CUs looking to bring members better services – TruStone Financial CEO Tim Bosiacki http://bit.ly/1Oi3asm
- Five former First Bank branches in Florida have been sold to Atlanta-based Fidelity Bank for $3.58M http://bit.ly/1JPJMg8
- In NJ, Glen Rock Savings Bank completes merger with Llewellyn-Edison Savings Bank http://bit.ly/1VAScUE
- CenterState Banks looks to South Florida for latest acquisition http://bit.ly/1Lv9Mok
- ICYMI: Hometown National Bank, Longview, WA, and The Bank of Georgia, Peachtree, GA, closed by regulators http://bit.ly/1jK34ym
- Florida approves Achieva CU, Calusa Bank merger http://bit.ly/1VANNM8 | @CookeonCUs
- Oak Brook, IL-based Inland Bank called off its deal to buy NJ’s College Savings Bank. CSB may sell to TX’s NexBank. http://bit.ly/1Lb1eMZ
- St. Petersburg, FL-based @C1Bank for sale, sources say http://bit.ly/1LsUU9Z
Branch Evolution
- Ian Hough at @SolidusIPD on “Bank Branch Transformation: More Than Lipstick on a Pig” for @FinancialBrand http://bit.ly/1VGpjBc
- In new study, @Accenture argues that banks need to fundamentally re-imagine their branch talent strategies. #ABAHiX http://bit.ly/1RtwHzm
- Midtown Flushing Bank branch to unveil modern banking with updated ATMs, ‘universal bankers’ http://nydn.us/1Q75LEz
- .@TDBank_US opens NYC new concept branch | @BankingExchange http://buff.ly/1Rr30is #finserv
Marketing & Branding
At #ABAHiX, @ABABankers launches new bank marketing website http://t.co/j5PJUAGH6o pic.twitter.com/nHA5rtm8n0
— Jim Perry (@mi_jim) October 6, 2015
- Nielsen research for Facebook shows it now edges TV in reaching Millennials, Hispanics http://bit.ly/1L1nvzR
- Study by @FINTONIC, 1 in 7 age 54 & younger think Google & Apple could do a better job than traditional banks http://bit.ly/1FYZVET
- .@CU4Kids #ShopForMiracles campaign coincides w/@WOCCU & @CUNA #ICUDay on 10/15 http://bit.ly/1OXFif6
- The website: Your credit union’s most important branch http://bit.ly/1L449I9 | @jkjoller for @CUinsight
- The @FinancialBrand‘s @JimMarous asks “Is Banking Losing the Battle for the Consumer?” http://bit.ly/1QW7lZV
- BofA’s use of TV ads to drive to its mobile utilities is noteworthy example of smart, cross-channel thinking http://bit.ly/1j96c77
Mobile & Digital Transformation
- ICYMI: US Senators say @Experian data breach shows need for cybersecurity laws http://bit.ly/1PkLjSg
- Study by @miteksystems: banking is the top industry where #Millennials want more mobile options and capabilities http://fxn.ws/1Onvgnu
- Ally Financial makes latest stride in mobile banking with Apple Watch app http://bit.ly/1R0OU6y
- HSBC and RBS face trial by Twitter as online banking technology fails them http://ind.pn/1KZk64u
- Bank of America has more than 18M customers who use #mobile banking and it is growing at a rate of 5,000 per day http://bit.ly/1JOmw24
Fintech
- Lessons from a #fintech CEO: Make Banks Better, Don’t Try To Make Them Obsolete http://bit.ly/1FUSw9Q
- The @MisysFS Connect Forum is underway in London and new online magazine for the #FinTech industry rolls out at http://fusionwire.net .
- Regions Financial, with bank branches across 16 states, plans to partner w/lending start-up @fundationgroup http://usat.ly/1j7XuG1 #fintech
Industry News
The @ABABankers pushes for stronger data security; discloses breach http://t.co/Ow2Th97vUv | via @FortuneMagazine pic.twitter.com/VpP4170aRn
— Jim Perry (@mi_jim) October 5, 2015
- Buzz for #BankSocial Conference grows. “Bank On It” podcast attracts banking thought leaders http://prn.to/1GvU58Y
- U.S. House passes Community Bank Relief Bill that would ease regulatory rules for small community banks http://bit.ly/1Q764PR
- Frank DeGraw has been named CEO and president of Sunmark Federal Credit Union. http://bit.ly/1OiuMxy
- From the @nytimes Sunday Book Review: ‘How the Other Half Banks,’ by Mehrsa Baradaran http://nyti.ms/1FUnWwM
- The @ohiobankers voted to oppose Issue 3 that would legalize both recreational and medical marijuana in the state http://bit.ly/1MaPBX3
- Credit unions in Ireland looking at becoming banking ‘third force’ http://bit.ly/1FRDod7
- British government to sell $3B stake in Lloyds Banking Group http://nyti.ms/1JOmlUo | @nytimes
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note. Thanks for following!