Here’s the wrap-up of top stories on mergers, fintech, marketing, etc. from my Twitter feed:
Trending
‘Digital is mindset, not technology’ http://t.co/65XY0Vm260 | @netjmc to @NicoBry for @IXchat pic.twitter.com/pB59YeL26z
— Jim Perry (@mi_jim) October 15, 2015
Mergers, Acquisition – Expansion, Consolidation
- Shareholders of Lynnwood, WA-based Prime Pacific Bank vote against merger with Coastal Community Bank of Everett http://bit.ly/1LRHPBb
- Merger of Camden National and Bank of Maine creates state’s biggest community bank http://bit.ly/1VWunH9
- Brentwood, CA’s National Bank of California to acquire Commercial Bank of California http://bit.ly/1PwMYnX
- Seacoast Banking Corporation of Florida to acquire @BMOHarrisBank‘s Orlando banking operations http://on.mktw.net/1LdytCx
- In Michigan, @LMCU plans to merge with United FCU creating $6B asset organization w/78 locations in 7 states http://on.freep.com/1Rcpwe7
- CA’s County Commerce Bank is merging with Ontario-based Citizens Business Bank http://bit.ly/1Gete6t
- MD’s Hamilton Bank plans to ‘take a slight pause’ after its latest acquisition closes http://bit.ly/1PuSUOi
- In Arkansas, Parkway Bank of Rogers to be acquired by Citizens Bank of Batesville http://bit.ly/1GIeQ1d
- Colorado Springs’ Ent Federal Credit Union eying charter change to aid expansion plans http://bit.ly/1LNyl03
- As Barre Savings Bank and Fidelity Bank discovered, in bank mergers, culture trumps strategy http://bit.ly/1RaF2qK
- Equity Bank finalizes First Federal acquisition http://bit.ly/1Mz3fbf
- Yadkin Financial to acquire NewBridge Bancorp for $456M http://on.wsj.com/1X0CcbV
- Parker Community Credit Union to absorb Beloit,WI-based Municipal Credit Union http://bit.ly/1VPxVe3
- Stillwater, OK’s Bank SNB completes First Commercial Bank acquisition – gains 4 Colorado locations http://dpo.st/1QnxVv4
- M&T Bank receives NY State Department of Financial Services approval for merger w/Hudson City Savings Bank http://on.mktw.net/1LqwdJn
Branch Evolution
- Westamerica Bank donates Upper Lake, CA branch building to Hospice Services of Lake County http://bit.ly/1PiKk64
- Transaction volumes at community banks and credit unions have dropped 45% since 1992 http://bit.ly/1hsySpJ
- Banks may think it’s “cash and coin” that justifies a branch. But @Mearaman knows it is interaction, not transaction http://bit.ly/1N7V1VL
Marketing & Branding
Here’s another look at @FinancialBrand‘s data from “Millennials – The Next Mobile Disruptors” http://t.co/Y3AYOq3tn8 pic.twitter.com/mFjguwNZfG
— Jim Perry (@mi_jim) October 14, 2015
- NY’s Allegany Community FCU changes name, sets open house http://bit.ly/1k9yKNZ
- Ouch! @UBS ad finds snarky way to get you to think about retirement http://bit.ly/1MDEc6U
- Affinity Group Credit Union changes name to Michigan Legacy Credit Union http://bit.ly/1PsLQSj
- Latest US demographic projections suggest median household income growth rate of 7.77% over 5 years | @SNLFinancial
- Northern Louisiana’s Community Trust Bank, has changed its name to Origin Bank http://tnsne.ws/1K6vEiL
- RBS to rebrand as ‘rbs’: bank seeks to decapitalise, literally http://bit.ly/1VPyvZo
- Virginia Credit Union creates new real estate division to target non-members http://bit.ly/1Lg7jc2
- Hard to believe a year has passed since @BankofAnnArbor tapped into #GoBucks vs #GoBlue rivalry w/tweet about staying open on Columbus Day.
Mobile & Digital Transformation
- Merger between @PublicisGroupe & @LucidSays to help its financial services clients deal with “big data” overload http://bit.ly/1jGK83n
- BofA’s CEO Moynihan: about 14% of deposits are made through #mobile, processing costs are 1/10th cost of in-branch http://bit.ly/1G7WImT
- Hackers steal £20m from UK bank accounts http://bbc.in/1OvZlBz
- The @FinancialBrand‘s @JimMarous looks at @miteksystems/@TheJohnZogby study: selfies are transforming mobile banking http://bit.ly/1G4DApT
- KS’ Mainstreet Credit Union CEO blames Chinese hackers for compromising hundreds of accounts http://bit.ly/1LkbcMU
- The Denver Better Business Bureau warns scam texts try to steal banking information. http://bit.ly/1Gb4WtW
- 1-in-5 people worldwide have used their cellphone for banking http://onforb.es/1juCd9c | @CWrightmedia for @Forbes
Fintech
- 13-week accelerator program run by @Barclays & @techstars graduates first NY class http://bit.ly/1k9xYQX | @jpruth for @Xconomy
- Why London’s fintech scene is courting Japan http://cnb.cx/1MrMjPn | @ArjunKharpal for @CNBC
- New @FinTechLabLDN fuels effective partnerships between #fintech & banks http://bit.ly/1iaBpWk | @DarylandHobbes for @MediaplanetUK
- ING has taken an equity stake in US based fintech company @KabbageInc http://bit.ly/1OEh9ZA
- What #fintech companies can learn from @Uber http://for.tn/1K5Iuh6 | @kayelbee for @FortuneMagazine
- To secure its future, @Citi is investing in Innovation Labs & #fintech http://bit.ly/1OsprFA | @financemagnates
Industry News
What is Glass-Steagall? @nytimes on the 82-year-old banking law and the call to reinstate it http://t.co/NCtWnG1B2z pic.twitter.com/YNaIqr1PZ0
— Jim Perry (@mi_jim) October 15, 2015
- RBC2 only affects 16 credit unions, according to @TheNCUA http://bit.ly/1jGIYov | via @CookeonCUs
- Congrats @Geezeo on reaching five million user milestone http://bit.ly/1QzOUdC | via @CUinsight
- In Houston, @BankWorksOrg career training program launched for low-income young adults http://bit.ly/1RM6nR8
- Bank of Internet USA denies accusation that it defied regulators http://nyti.ms/1LRFSVc | @nytimes @dealbook
- ICYMI: @leimer shares his thoughts on “The Great Rebuilding of Financial Services” w/@AmerBanker http://bit.ly/1LvhJrK
- Number of CUs could shrink by more than 1/3 in just 5 years due to @TheNCUA ’s proposed risk-based capital rules http://bit.ly/1LPQ4ns
- ICYMI: This is how a new crop of companies are trying to reinvent banking http://read.bi/1K8oISb | @OscarWGrut for @businessinsider
- 6 banks to receive Community Commitment Awards from @ABABankers including WA’s @HomeStreetBank & IN’s @Old_National http://bit.ly/1WZk8il
- Word on the street: @howardfineman rocked the #ABIAConf w/an awesome keynote yesterday. Sounds like it has been a great @theABIA meeting.
- Don’t miss @FinancialBrand‘s @JimMarous on the challenges of building an innovation culture http://bit.ly/1ZupxzX
- Alan Gula, Chief Income Analyst at @wallstdaily says U.S. banking system the envy of the world http://bit.ly/1MmVWPf
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!