It has been a short week, but still a lot of activity. Here are this week’s top stories about mergers, marketing, #fintech, etc. from my Twitter feed:
Trending
A new @WSJ series explores the existential crisis facing banks in 2016: What is a bank? https://t.co/NeAa53Ls46 pic.twitter.com/xqJ1OzzNXS
— Jim Perry (@mi_jim) May 31, 2016
Mergers, Acquisition – Expansion, Consolidation
- New @PNCBank branch in Charlotte follows bank’s “new approach for branches” http://bit.ly/1P9x4gl
- Toronto-based @BMO to grow U.S. mergers and acquisition team http://bit.ly/1O7qCLX
- Summit Financial Group in Moorefield, W.Va., has agreed to buy First Century Bankshares in Bluefield, W.Va. http://reut.rs/1sqBQkH
- Michigan City, IN-based Horizon Bancorp completes merger w/Farmers State Bank http://bit.ly/1O6yo8O
- Fresno, CA’s Security First Bank merger extended again http://bit.ly/1Uhlx05
- Louisiana’s BOM announces acquisition of Tri-State Bank and Trust http://bit.ly/1ZfHzEG
- MO’s HNB National Bank announces purchase of Farmers State Bank of Stanberry http://bit.ly/1TJARTF
- West Michigan Community Bank opens branch in senior living community, open 2 days per week http://bit.ly/1UdKFom #bankofthefuture?
- Bay Bank gets regulatory approval for Hopkins Federal Savings Bank merger http://bit.ly/1TXjZee
- Bank of Southern California to acquire Opus Bank branch; 4th such acquisition in the Coachella Valley http://prn.to/1WwvDQU
- South Bend, IN-based Teachers Credit Union adds three new branches http://bit.ly/1Za5Sne
- “We (@PNCBank) are transforming our branch network to meet our customers where, when and how they want to bank” http://bit.ly/25y2YQy
- Nicole National Bank co-chairman Robert Cera leaves newly merged bank w/$2M severance. Bob Attwell remains as CEO http://bit.ly/1TZihGC
- Banks like @WellsFargo are shrinking branch footprints, but it’s a case of right-sizing, not abandoning, the branch http://on.wsj.com/1spgW5t
Marketing & Branding
.@AdAge reports TDBank reviewing creative and media business. https://t.co/3YWLP0aJJ2 CMO @pdmclean is working on a new brand campaign
— Jim Perry (@mi_jim) June 1, 2016
- Despite industry resistance, doubts, and insufficient funding, @EqualityWash is not giving up on LGBTQ credit union http://bit.ly/1O7sogd
- Banks, Your Window Of Opportunity For SMEs Is About To Close – @Fiserv‘s Steve Shaw interview w/@pymntshttp://bit.ly/1RT44sU
- Columnist for @MediaPost examines case of ad fraud involving a big bank, their ad agency & the @FThttp://bit.ly/24kmN7T
- Heartland Credit Union offering $5,000 federal grants to new homebuyers http://bit.ly/1VvBd4Q
- Motorola-linked credit union rebrands, branches out http://bit.ly/1PfcrEO
- FL’s @AchievaCU: Focused on basics yet ready to startle financial status quo http://bit.ly/1Xb60ps
Fintech, Digital & Mobile
From the @WSJ: @PayPal Isn’t a Bank, But It May Be the New Face of Banking https://t.co/Cb3jG1bFYz
— Jim Perry (@mi_jim) June 2, 2016
- A throwaway line from @Chase‘ Jamie Dimon shows why the #fintech hype has gone too far http://read.bi/24lfdtQ
- Native American tribes holding up their end of the bargain on #fintech regulations http://bit.ly/1RT43oY
- The key lessons from Kodak’s failure to adapt to digital disruption aren’t what you think they are! http://bit.ly/24h2Dvw | via @mitsmr
- .@WallStreet_II on how this #fintech experiment could be huge… Here’s What You Need to Know (re: @The_DAO_Project) http://bit.ly/1XiGBKm
- Dreaded ‘reply-all’ triggers @WellsFargo email slowdown http://bit.ly/280F4M8
- .@Barclays blockchain veteran @sytaylor departs bank for #fintech consultancy @11FSTeam http://bit.ly/1UgFHaa
- The @FinancialBrand looks at “Interactive Video Chat: The Future of Mobile Banking” http://bit.ly/24iwjZl
- Sydney Aims To Be More Like Silicon Valley, Can #Fintech Do The Trick? http://onforb.es/1Ua8BsW | @Forbes
- Key to Digital Banking: Pair Techies with Customer-Facing Staff http://bit.ly/1WWaUWA | via @AmerBanker
Industry News
The most important person in the banking business isn’t a banker. It is @federalreserve governor Daniel Tarullo. https://t.co/LV4pnoE3yV
— Jim Perry (@mi_jim) June 1, 2016
- Striking the right balance of regulating payday loans without killing the product is a challenge for the @CFPB http://on.wsj.com/24mdIvB
- Branch Success, or Failure, Lies with Middle Management http://bit.ly/1U1XtlZ | @instorebank for @AmerBanker
- Conventional wisdom that companies in regulated industries (banks) are avoiding the public cloud no longer applies. http://bit.ly/22BjBWj
- The “Big Four” U.S. banks each added over $40 billion in assets during the first quarter. | @SNLFinancial
- Skimmer found on ATM at Wichita, KS-based Mid American Credit Union http://bit.ly/283QMpt
- In defense of online lending http://tcrn.ch/22zD0a6 | @RyanJamesWeeks for @TechCrunch
- Credit unions that expand their fields of membership could trigger regulatory risk. http://bit.ly/1XShahb | via @CookeonCUs
- FirstBank Florida in Miami has recruited five bankers from area competitors. http://bit.ly/1sqB6Mx | via @AmerBanker
- Valley National Bancorp taps banking tech veteran Bob Bardusch as CIO http://on.wsj.com/1ZcJIRl
- .@FinancialBrand‘s J.Pilcher: financial institutions must urgently pursue a strategy built around digital simplicity http://bit.ly/1P0jyvq
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!