Do you suffer from friggatriskaidekaphobia? Never fear! Here’s the Friday the 13th wrap-up of top stories on mergers, fintech, marketing, etc. from my Twitter feed:
Trending
Why #Fintech Startups Aren’t Killing Banks — Yet https://t.co/Na2vFBy17L | @janatindex for @TechCrunch pic.twitter.com/R2exdSud3q
— Jim Perry (@mi_jim) November 10, 2015
Mergers, Acquisition – Expansion, Consolidation
- ICYMI: Hillary Kelbick offers tips for bank merger communications with @ABABankMktg http://bit.ly/1O6REiC
- Warren Federal Credit Union in Wyoming to merge with CO’s Community Financial Credit Union http://bit.ly/1ktF6s7
- Sat., @NeedhamBank holds grand opening for Millis branch http://bit.ly/1H05yU0 Chamber to host ribbon-cutting Mon. http://bit.ly/1Y8RL1L
- Amid the nationwide trend of bank branch consolidation, Erie County, NY is set to gain two new banking offices http://bit.ly/1SoHn1W
- Croswell, MI-based Eastern Michigan Financial Corp. is purchasing Ruth, MI-based Ruth Bank Corp. | via @SNLFinancial
- First Midwest continues to expand in Northern IL w/acquisition of The National Bank & Trust Company of Sycamore http://cnnmon.ie/1RRs7dY
- CT’s UBI Federal Credit Union and the Bristol Municipal Employees Federal Credit have merged http://bit.ly/1MKou59
- Here’s a snapshot of the banks that closed the most branches in MA http://bit.ly/1MnAACe | @BosBizJournal
- Converse, IN-based First Farmers Bank & Trust to buy Fairmount, IN-based Citizens Exchange Bank. http://prn.to/1Nq4KVi
- Salina, KS’ @SunflowerBank steps up hiring as it plans two new area branches http://bit.ly/1Y1PJAi
- In Memphis, TN, @askRegions reveals plans for consolidation of 2 downtown locations into 1 state-of-the-art branch http://bit.ly/1Y1PBkt
- Springfield, MA-based Nuvo Bank sale to Merchants Bancshares to be finalized in December http://bit.ly/1lilHdH
- United Bankshares to acquire Bank of Georgetown http://bit.ly/1O1deoB
- Bank of the Ozarks ($9.3B assets) and C1 Financial ($1.7B assets) to merge http://bit.ly/1HEKygj
- Old Missouri Bank to acquire Great Southern’s Buffalo branch http://bit.ly/1MuzRT7
- In MA, @Citibank is closing its branch offices, freeing up prominent storefronts http://bit.ly/20GxJ0T
- TD Bank to merge Poughkeepsie, NY branches http://pojonews.co/1QdGdbY and close Troy branch http://bit.ly/1NmfLXt
- In Virginia, The Bank of Floyd is merging with Grayson National Bank with a new name to be announced. http://bit.ly/1GSFeuW
Branch Evolution
- MA’s Farmington Bank opens new branch free of traditional teller lines http://bit.ly/1PFEwm8
- Tennessee Valley Federal Credit Union introduces virtual tellers http://bit.ly/1Hy9VG0
- Here’s a look at SC’s Sharonview Federal Credit Union’s new branch w/‘tech desk’ vs. teller line http://bit.ly/1NqKT8p
- Winnipeg committee vote kills @TangerineBank pop-up branch http://bit.ly/1QhTujG
- Shift toward high-tech, smaller footprint; @AssociatedBank opens new Waukesha, WI branch http://bit.ly/1kJ97DB
- Bank of America is opening one of its Express Stores in Seattle’s Queen Anne neighborhood http://bit.ly/1MuEXyG
Marketing & Branding
CO’s @efirstbank spoofs #Millennials w/new ad campaign https://t.co/pcZFrgHl6N Video here: https://t.co/BpsoW6rteB pic.twitter.com/HBN3yAvR3T
— Jim Perry (@mi_jim) November 10, 2015
- ICYMI: @BankoftheWest named exclusive banking provider for UC Berkeley in $17M long-term contract http://bit.ly/1NEJZaU
- New study from @Deloitte shows banks need to think differently to capture Baby Boomer wealth (hint: content mktg.) http://bit.ly/1GWOIpc
- A survey from @Accenture finds #millennials are rejecting big banks in favor of local banks (if they have the tech) http://ti.me/1PC87Nm
- Tennessee credit unions give away free gas Friday http://bit.ly/1OA716e
- Through @NextJobThoughts partnership, @FifthThird is giving away $100K in job coaching to veterans http://bit.ly/1WLW5Bz . #53Vets
- Our CEO, @mi_sullivan, offers #mondaymotivation to the @IllinoisLeague with “Big Ideas in Credit Union Marketing” http://bit.ly/1H15jYp
Mobile & Digital Transformation
- Bold move by @BankMobile: announces target of 1 billion users at @BankInnovation Israel http://bit.ly/1O5RGXU
- Apple is talking w/several major banks about rolling out a #mobile peer-to-peer payment system http://bit.ly/1NMUISD | @MediaPost
- Mobile banking is responsible for closing a branch of Arizona Federal Credit Union in downtown Phoenix http://bit.ly/1Mpvt4l
- A @FinancialBrand post by @rshevlin says “(There is No) Uberization of Banking.” http://bit.ly/1QrqhSz What if Uber simply = disruption?
Fintech
- Japanese e-commerce giant Rakuten launches $100M global fund for #fintech startups http://tcrn.ch/1PrlDop | @jonrussell for @TechCrunch
- There are two very distinct types of #fintech innovation http://tcrn.ch/1Slt5iC | @TechCrunch
- New York’s latest #fintech startup accelerator, @Sbootcamp gets backing by MasterCard, Thompson Reuters, Santander http://bit.ly/1NswKYb
- New York’s top banking regulator wants third-party fintech apps to tighten up their security. http://read.bi/1RLHTHu
- Another #fintech list: The 2015 Fintech Finance 35 http://bit.ly/1MuASKP
Industry News
The @FinancialBrand‘s @JimMarous looks at @GoCodigo‘s 2015 Branch Transformation Report https://t.co/EkcWB2rTWU pic.twitter.com/SkJNwwsi1G
— Jim Perry (@mi_jim) November 12, 2015
- Citigroup’s former CEO thinks the ‘glory days’ for big banks are gone forever http://read.bi/1RQHuU0 | @businessinsider
- Jimese Harkley w/@AmFirstFCU named 2015 @TheRealCUES Next Top Credit Union Exec http://bit.ly/20OsNHa
- From @business: The lessons learned from the 2014 JPMorgan @Chase customer data hack http://bloom.bg/1NMMSs0
- Exclusive from @Reuters: @MorganStanley turns to stodgy bank accounts to boost profit http://reut.rs/1MD2o92
- Vermont State Employees Credit Union partnership w/Michigan-based call center won’t cost Vermont jobs http://bit.ly/1WORChl
- 7 years after Lehman Brothers collapse jolted the global economy, big banks could be forced to raise $1.19T by 2022. http://on.wsj.com/1QrpPE4
- ICYMI: The Ohio Credit Union League is the third trade association to reject @CUNA’s dual membership requirement. http://bit.ly/1Hq47yg
- A few banks and CUs make @FortuneMagazine list of 50 Best Workplaces for Diversity http://for.tn/1lftcSI
- Canada’s @scotiabank, the ‘Bank of No Surprises,’ turns heads w/risk surge http://bloom.bg/1NEn2Xd | @business
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…and good luck!