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
- The first of two new Idaho Central Credit Unions opened their doors for business http://bit.ly/1cHqJp3
- FL’s First Florida Credit Union and State Employees Credit Union to merge http://bit.ly/1f5PzUl
- The University of Michigan Credit Union and the Eastern Michigan University Credit Union to merge http://bit.ly/1fLgo1q
- Bank of the Ozarks completes purchase of TX’ Omnibank parent, Bancshares Inc. http://bit.ly/NEO84C
- MS’ First Bancshares is expanding further into AL w/$6.6M acquisition of parent co. of Bay Bank http://bit.ly/P7ZaR2
- Chelsea, MA’s Metro Credit Union buys a Newton credit union http://bit.ly/1g2yVVm
- HomeStreet announces sale of residential mortgage loans in WA, OR, ID, HI http://on.mktw.net/1f75RI2
- Park Sterling to acquire Rock Hill’s Provident Community Bank http://bit.ly/1fGQFqP
- MA’s Eastern Bank Corp. to buy NH’s Centrix Bank & Trust for $134M http://bit.ly/1c8oRuM
- Harding Senior High School credit union will be the 2nd student-run branch opened by St. Paul Federal Credit Union http://bit.ly/1omS05t
- Summit completes merger with Greater Milwaukee Credit Union http://bit.ly/1i2LZJb
- IL’s Riverside Community Bank will grow from 4 branch locations to 7 when Freedom Bank officially changes its name http://bit.ly/1ksunLI
- NC’s Lumbee Guaranty Bank to acquire Southern Bank branch http://bit.ly/1f0MJLD
- BOK Financial Corporation completes the acquisition of Topeka, Kansas-based GTRUST Financial Corporation http://bit.ly/1fVwP9L
- WashingtonFirst Bank acquires Millennium Bank in FDIC deal http://bit.ly/1cnR4yb
- Olympia, WA’s Heritage Bank merger awaits SEC nod after filing http://bit.ly/1jLYmLI
- NE’s Geneva State Bank and State Bank of Riverdale have merged to become Heartland Bank. http://bit.ly/1kqTazL pic.twitter.com/7U3II8FSA4
- Horizon Bancorp receives regulatory approval for its acquisition of SCB Bancorp and its bank http://on.wsj.com/1lupQIA
Marketing
- The nation’s “age pyramid” is turning into more of a rectangle. Pew Research on generations in the “next America” http://bit.ly/NF3bex
- Walgreens is promoting its Balance Financial Card via a partnership with Roush Fenway Racing http://bit.ly/1fJgeYq
- 5 Tricks to Becoming a Financial Marketing Entrepreneur from Joe Sullivan for The Financial Brand http://bit.ly/1mUR9xr
- Fifth Third Bank’s cause-marketing effort for Stand Up 2 Cancer, “Pay to the Order of.” http://bit.ly/1oqcLxd video: http://youtu.be/nWBtfDOo4tA
- Credit unions, in the hunt for younger customers/higher returns, are rapidly expanding sales of private student loans http://b.globe.com/OSI8WU
Mobile
Restaurant-goers in San Francisco will soon be able to pay for their meals with the OpenTable app http://t.co/96yDxvCNch #mobile
— Jim Perry (@mi_jim) March 6, 2014
- Grand Rapids, MI-based VerifyValid launches its Mobile Checkbook app in the Apple App Store http://bit.ly/1i2QYJX pic.twitter.com/FTnhM7RGZy
- Chase & Wells Fargo rank high on mobile search over desktop – another indicator of rise in consumer ease w/mobile http://bit.ly/1dWXlM6
Industry News
- Take a look at Rana Foroohar‘s article for TIME on how to fix the student loan bubble—and banking, too http://ti.me/1getQFP
- Wired asks “Could Starbucks replace the bank?” Banks could lose a third of their market share to non-banks by 2020. http://wrd.cm/1c4sPo5
- URM Stores card fraud cost tops $687,000 for 11 credit unions in eastern Washington http://bit.ly/1fY9y79
- The ICBA continues to call for relief from what it describes as “crushing” regulatory burdens for community banks http://bit.ly/NTzAxV
- PNC receives subpoenas over mortgage-lending practices http://on.wsj.com/NmUAgz
- Regulators probe Alabama One Credit Union http://bit.ly/1dfOXdr
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That’s all for this week. If we missed an important story, drop me a note.
