It has been a great week with clients in Austin, TX, Spokane, WA and Seattle, WA. Despite a little time-zone confusion, here’s the wrap-up of top stories on mergers, fintech, marketing, etc. from my Twitter feed:
Trending
Apple’s @tim_cook may be right: 2015 could be a major inflection point for mobile wallets https://t.co/WBUP0vh7ho pic.twitter.com/whw6Jawthq
— Jim Perry (@mi_jim) October 22, 2015
Mergers, Acquisition – Expansion, Consolidation
- Cincinnati, OH’s First Financial Bank opens branch in downtown Columbus http://bit.ly/1PGbCUd
- Level One Bancorp to acquire Bank of Michigan http://bit.ly/1W9ck0g
- Beneficial Bank to make $105M acquisition of Conestoga Bancorp http://bit.ly/1Gm0fho
- Wauwatosa, WI-based WaterStone Bank has opened its new branch http://bit.ly/1LpEM66
- NC’s Southern Bank and VA’s Heritage Bank to merge http://prn.to/1OKwjhx
- .@FifthThird says no more branch cuts in Cincinnati http://cin.ci/1hSY1du
- The @FT & @Finextra reports that the pace of bank branch closures in the UK steps up http://bit.ly/1ORP29n
- Renasant Corporation and KeyWorth Bank announce definitive merger agreement http://prn.to/1LKSqlJ
- Northwest Bancorporation, Inc., holding company of @InlandNWBank, completes merger of Bank of Fairfield http://bit.ly/1Nlwa0N
- Revere Bank buying BlueRidge for $20M in latest Maryland community bank merger http://bit.ly/1LI0541
- First National Bank of Pennsylvania to close five or six branches of the 17 they acquired from @FifthThird http://bit.ly/1RTJThd
- Bank of the Ozarks and Community & Southern Holdings to merge http://bit.ly/1RTJMlI
- .@TheNCUA has placed into conservatorship Helping Other People Excel Federal Credit Union http://bit.ly/1Gebet7 | @CookeonCUs
Branch Evolution
- In SC, new @SharonviewFCU branch swaps tellers for a ‘tech bar’ http://bit.ly/1QMWK3Y Congrats Bill Partin!
- .@mi_sullivan addressing tough decisions Bankers need to make about branches. @NCBankers #mtc2015
- Lake State Credit Union’s new high tech branch to close; it doesn’t “fit in” post-merger http://bit.ly/1jQv0QV
Marketing & Branding
RT @BankofAmerica: Support our service members and veterans using #troopthanks & we’ll donate up to $1M to @wwp. pic.twitter.com/ColUPKjiYO
— Jim Perry (@mi_jim) October 19, 2015
- Colorado credit unions release product to make car loans easier http://bit.ly/1Meo0KH
- Report: for every $3 spent on digital ads, fraud takes $1 http://bit.ly/1jD3SW1 | @GeorgeSlefo for @adage
- Dawn deClouet w/@MerkleCRM shares thoughts on building the ultimate financial marketing database http://bit.ly/1PwursM | @FinancialBrand
- USC beats Notre Dame in credit union challenge http://bit.ly/1Gec8WK
- Report from @Celent_Research evaluates the account opening process from consumer’s perspective http://bit.ly/1W1XjgU | @FinancialBrand
Mobile & Digital Transformation
- Will Digital Banking Make Depositors Antsier than Ever? http://bit.ly/1GuUSfI | @Barba_AB for @BankTechNews
- The @FinancialBrand tapped @mytorchlite for 5 digital marketing trends for 2016 from 5 influential voices in banking http://bit.ly/1jT8xCJ
- ICYMI: Susan Marshall, CEO at @mytorchlite shares new report “Banking: Digital or Die” http://bit.ly/1XjDYVM
- Foreign banks offer future of #mobile service http://bit.ly/1jyrICm | @mp_gavin for @MediaPost
Fintech
- Uneasy alliance: banks and finch startups http://bit.ly/1Meo0KH | @MobilePayToday
- The #EmpireFinTech Conference in SF is Nov 10th – Grab Your Tix ==> http://ctt.ec/btJ0U+ #FinTech cc: @jonzanoff
- Bail on your Bank by @npclements is a great intro to #Fintech @brettking interview for @Breakingbanks1?@Forbes eBook http://bit.ly/BailOnYourBank
- Will #fintech upstarts do to banks what @Uber has done to taxis — or will banks win? http://onforb.es/1LmvnMB | @mcgrathmag for @Forbes
- Here’s @DataconomyMedia‘s look at the 6 major consumer groups that rule #fintech‘s future http://bit.ly/1ZTdXig
Industry News
The @WSJ reports that Citigroup is forming Citi FinTech to help turn it into the “bank of tomorrow.” http://t.co/alNB3UGUBv
— Jim Perry (@mi_jim) October 19, 2015
- The @federalreserve says chartering pot bank is illegal, refuses to do so http://dpo.st/1i0nK3I
- There is one big problem with UK banks — the customers http://read.bi/1jVL0kE | @OscarWGrut for @businessinsider
- Check out @DuenaBlomstrom‘s “Hey bank! Wanna be an airport?” http://bit.ly/1OS7qz1 | @banknxt
- .@Barclays to pay $325M to end @TheNCUA mortgage-bond lawsuits http://bloom.bg/1ZTqjXC | via @business
- The @federalreserve bars former Regions Financial executive from banking http://on.wsj.com/1MB1S7E
- .@TDBank_US is laying off hundreds of employees in Canada & US amid efforts to lower costs and increase efficiencies http://nbcnews.to/1MyxMBH
- Story from @barronsonline: @FifthThird: The Best Turnaround Story in Banking http://bit.ly/1ZQuUK5
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!