Before you get away for a holiday weekend, here’s everything you need to know about mergers, marketing, #fintech, etc. in the wrap-up from my Twitter feed:
Trending
We’ve witnessed the peak of the “bazillions of banks, everywhere you look” era https://t.co/0yghUubMZV | @hamiltonnolan for @Gawker
— Jim Perry (@mi_jim) May 24, 2016
Mergers, Acquisition – Expansion, Consolidation
- Cardinal Bankshares stockholders overwhelmingly approved the merger of the Bank of Floyd with Grayson National Bank http://bit.ly/22r4uPf
- Analysts name these 6 banks as potential sellers, as well as 3 possible buyers http://bit.ly/24aWlhc | @TheStreet
- Salt Lake City-based @AFCU opens Innovation Center as it seeks to create the branch of the future http://bit.ly/1VjHC31 | @crowdfundinside
- Easthampton Savings Bank plans $1M, 12-employee branch in Holyoke, MA http://bit.ly/27TEzn7
- Post merger, Yadkin Bank to consolidate 2 branches in Wilmington, NC http://bit.ly/27TEbFo
- Columbus-based Kinetic Credit Union to open 11th branch in Midland area http://bit.ly/1UdWq0F
- Westfield, MA (pop. 41,301) losing both a @WebsterBank branch http://bit.ly/1TKVbY2 and a @BankofAmerica branch
- OK’s RCB Bank expands footprint with acquisition of KS-based CornerBank http://bit.ly/1TzIYaq
- In San Francisco, @BridgeBank opens new branch in Financial District http://prn.to/245Lm8u
- Ohio-based @Huntington_Bank to open 2 bank branches in lower-income, minority areas of Chicago http://trib.in/1Rn1tat
- In MA, SpencerBANK and Southbridge Savings Bank merger of holding companies approved http://prn.to/1TJBd00
- The @FT looks at data on US bank branches still open despite transaction slump. @brettking must be shaking his head. http://on.ft.com/1NGLhWW
Marketing & Branding
.@FISGlobal released its consumer banking PACE index. @9INCHmarketing looks at its 4 trends in customer experience https://t.co/moD7Hm6BoL
— Jim Perry (@mi_jim) May 26, 2016
- Vietnam’s digital-only Timo Bank drawing #Millennials to only physical space: Timo Hangout http://cnb.cx/1RwfsuR
- “Our goal for this creative was to reflect the lives of our customers” @PNCBank‘s Liz Bobak http://bit.ly/1TLrPJ3
- New from @pewresearch: nearly 3/4 of US consumers have used a shared, collaborative or on-demand online service http://bit.ly/1XMKZjE
- Americans say “not saving enough for retirement” is their top financial regret http://cnb.cx/1W6eKwj | via @CNBC
Fintech, Digital & Mobile
New York regulator expands #fintech probe beyond @LendingClub https://t.co/kZuDAW2Bn6
— Jim Perry (@mi_jim) May 26, 2016
- Can #IoT banking platform help users stay connected to their money? @IntelEnviro delivers a “shocking” solution. http://bit.ly/1XBPhtE
- Citibank and beacon-maker @Gimbal recently introduced beacons integrated with the @Citi app
- The @WhiteHouse steps up #fintech oversight http://on.ft.com/1sciqQE | @FT
- Banking In 2020: How Will #Fintech Revolutionize Banks And Investing? http://bit.ly/1ONJeLM | from @JasonShubnell for @Benzinga
- Exec at @WellsFargo: Why we’re banking on new #mobilewallet service http://cnb.cx/1TX9Lrq
- Don’t miss @rshevlin‘s post for @FinancialBrand “The Foolish Fantasies of #Fintech/Bank Partnerships” http://bit.ly/1s6VrWV
- Senior writer @BryanYurcan on “What Banks and #Fintech Need to Ponder Before They Partner” http://bit.ly/1TTCyNO | @AmerBanker
- One of @TransferWise‘s partners in the US is a bank that had “unsafe and unsound banking practices” in the past http://read.bi/1NJ6a3P
- ICYMI: The ‘To-Die-For Customer Experience’ Starts with Tech http://bit.ly/1XtCo4M | @pennycrosman for @AmerBanker
- Some realities may be changing, but the #fintech industry will thrive. Here’s why: http://onforb.es/1OSxxbW | @RohitBiz2Credit for @Forbes
Industry News
Credit Unions, Community Banks Duke It Out Over Planned Rule https://t.co/kMnVNza1Xx | @WSJ
— Jim Perry (@mi_jim) May 26, 2016
- .@Marketplace reporter @entrepreneurguy on bank jobs and branches in decline http://bit.ly/1Rwgmay
- Steven Wiggs, CMO at @askBBT, set to retire later this year after 37 years w/BB&T http://prn.to/1Z5JVFU
- Pace of credit union mergers increases in Q1; @theNCUA approved 54 mergers across 30 states http://bit.ly/1Ufib00 | via @CookeonCUs
- Michigan’s @msufcu cited by @Forbes as one of the 50 best places to work for recent college graduates http://for.tn/1OKQc40
- “Once the remodel is complete, customers will no longer be greeted by an employee behind a teller line” http://bit.ly/1NJagJ9
- “the workload at bank branches has declined by about 10 times the speed at which locations are closing” http://bit.ly/20v1P5i | @pymnts
- The @swiftcommunity banking network struggles with wave of cyberattacks http://on.wsj.com/1TsHHPr | @WSJ
- Japan cash machines hit by $12.7m theft http://bbc.in/1TRx7Pj
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!