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Weekly Wrap-Up 02.28.14

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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

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  • 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

Industry News

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That’s all for this week. If we missed an important story, drop me a note.


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