For those who may miss my daily Twitter posts, here’s a quick recap of the stories we’ve been following this week:
Mergers, Acquisitions – Expansion, Consolidation
- Oconee Federal Financial Corp. to acquire Stephens Federal Bank of Toccoa, GA http://on.mktw.net/1pDOTcM
- Umpqua Holdings Corporation and Sterling Financial Corporation shareholders overwhelmingly approve merger http://on.wsj.com/1gEmkpk
- Lyon County State Bank to acquire Emporia, KS Bank of America branch http://bit.ly/Nz9xM9
- Commercial Bank to acquire three Bank of America branches in Independence, Coffeyville and Caney, Kansas http://bit.ly/1mIFLVs
- First Kansas Bank of Great Bend has agreed to acquire Bank of America branches in Great Bend and Hays http://bit.ly/1hCraUN
- Huntington’s acquisition of Advantage Bank gets OK http://bit.ly/1dDNcUo Huntington Bank will close 8 Advantage locations to avoid overlap
- Another look at the sale of Simple: The Bank and the Antibank http://nyr.kr/1exy8Hi
- Southern Missouri Bancorp and Peoples Service Company to merge http://bit.ly/1fryJAs
- BofA branch in Benson, AZ is one of 23 retail branches in AZ and NV slated for acquisition by Washington Federal http://bit.ly/1gBQWb3
- CresCom Bank completes acquisition of St. George branch from First Federal of South Carolina http://prn.to/Oxv3SM
- CT’s Webster Bank plans to close two branches in response to patrons’ increased use of online banking http://bit.ly/1bEf3Z2
- TD Bank plans to open 34 new branches this year, all will be about 25% smaller than older branches http://bit.ly/1bEesqo
- TX’s First National Bank of Gilmer announces merger with Security State Bank http://bit.ly/1k3jZqf
Marketing
- America Saves Week 2014 wraps up. Have you seen the ABABankingNews
#LightsCameraSave winners yet? Watch how kids explain saving: http://bit.ly/1hHYZ78 - RBS: UK’s ‘least trusted bank’ on mission to become ‘most trusted’ http://bit.ly/1cqoNRX
- GA’s TIC Federal Credit Union changing name to Kinetic Credit Union on March 10 http://bit.ly/1jFboun
- As fellow consultants dissect the EY Global Consumer Banking Survey http://bit.ly/MtgVZp remember US counts for only 4.6% of respondents
- The 6 Cs of Content Marketing for Banks and Credit Unions http://dlvr.it/518CjV
- The Australia and New Zealand Banking Group Limited (ANZ) celebrates Sydney’s Mardi Gras with GAYTMs http://bit.ly/1fwOPr1
- TN’s ORNL Federal Credit Union appoints Tommy Smith as marketing, communications VP http://bit.ly/1jttOhB
- New study from
ath Power points to huge gaps in the service experiences banks provide their small business customers http://bit.ly/1jtqT8C
Mobile
- New study by the Yankee Group suggests mobile owners still reluctant to use phone for retail payments http://bit.ly/1hYJaNR
- Customers Bancorp, Inc. to launch virtual bank on new mobile banking platform http://on.wsj.com/1hOa4HX
Industry News
- Family feud: ABA ran ad campaign aimed at battering credit unions while CUNAGAC was underway http://bit.ly/1mKhzlE
- Holly & Michael from CUNA Mutual Group give their CUNAGAC wrapup http://bit.ly/1kfRlWb
- Mt. Gox, the troubled exchange for the virtual currency Bitcoin, has filed for bankruptcy protection http://nyti.ms/1dIgxwS
- House Ways and Means Committee Chairman’s tax reform draft legislation protects credit union tax exemption http://1.usa.gov/1bMooy7
- U.S. banks earned $40.3B in fourth-quarter profits, pushing the industry’s net income to a record $154.7B for 2013 http://dallasne.ws/Nz8ufc
- Recap of Day 2 at CUNAGAC http://bit.ly/1cpsKGw
- Recap of Day 1 at CUNAGAC http://bit.ly/1bISmTB
- Take a look at @mfriedri’s thoughts on what account opening will look like in 10 years http://bit.ly/NwIQbb
- WA’s King County Council adopts socially responsible banking law http://bit.ly/1gBP1mX
- JPMorgan cutting 8,000 jobs in mortgage, retail banking businesses http://lat.ms/1bLrFh9
- Where Did the Bitcoins Go? The Mt. Gox Shutdown, Explained http://buswk.co/1k8vdwV Bitcoin is dead. Long live Bitcoin?
- Record crowd converges on CUNA‘s GAC Conference in DC http://bit.ly/1h9RQ0L
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That’s all for this week. If we missed an important story, drop me a note.