Here is this week’s wrap-up on mergers, #fintech, marketing, etc.:
Trending
ICYMI: @FinancialBrand‘s @JimMarous looks at @FISGlobal study on banking performance against customer expectations https://t.co/7IRgEVDqvi
— Jim Perry (@mi_jim) July 27, 2016
Mergers, Acquisition – Expansion, Consolidation
- Greg Carmichael, @FifthThird CEO, on branch of the future: “You’ll see us continue to right size our branch network” http://bit.ly/2ah4g8x
- MI’s @bankofannarbor purchase could signal future growth http://bit.ly/2aDdLjW
- NH-based Northeast Credit Union and ME-based Ocean Communities Federal Credit Union to merge http://bit.ly/2a9jFHf
- Fargo, ND bank touts new branch design; but still has traditional teller line and multiple drive-up lanes http://bit.ly/2ajbpr4
- Shareholders of Hampton Roads Bankshares and Xenith Bankshares approved merger http://bit.ly/2a9hKCE
- OH’s Middlefield Bank expands to Summit, Cuyahoga counties with Liberty Bank acquisition http://bit.ly/2ah9lCO
- El Paso,TX-based Strategic Growth Bancorp & Salina, KS-based Sunflower Financial to merge; put new hdqrs in Denver http://bit.ly/2attFiT
- PA’s CNB Bank is breaking ground on its first full-service office in Blair County http://bit.ly/2ajEfoM
- Green Bay, WI-based @AssociatedBank to erect a full-service branch in Brookfield, WI http://bit.ly/2ab0VN4
- In Oklahoma, First National Bank of McAlester and Wilburton State Bank to merge http://bit.ly/2a9cuQW
- Parent company of KY’s South Central Bank to acquire Kentucky National Bancorp http://bit.ly/29ZaUUL
- First Commonwealth Bank to acquire 13 @FirstMerit branches; in conjunction with FirstMerit/@Huntington_Bank merger http://bit.ly/2auWVaj
- Parent company of Lacey, WA-based Anchor Bank hires @KBWfinthink to explore options including sale or merger http://bit.ly/2asKXxH
- CO’s Lamar Civic Federal Credit Union is set to merge with Peoples Credit Union http://bit.ly/2auugyV
- Online lender @EverBank in talks to be acquired for $2.5 billion. http://on.wsj.com/2abMsOo | via @WSJ
- MA’s @HanscomFCU will be expanding its headquarters into Littleton http://bit.ly/2arD0J6
- Groundbreaking for new Univest Bank branch happens amid construction already underway http://bit.ly/2a1DL65 other new branches planned
- Benefiting from a major push into Charlotte area in the past 2 years, @Truliant among nation’s top-100 credit unions http://bit.ly/2a5uU98
- AR-based Bank of the Ozarks, following closing of its $402.5M acquisition of FL-based C1 Financial, names FL leader http://bit.ly/2adqQlE
- Citizens Bank and American Trust Bank of East Tennessee to merge http://bit.ly/2an15zi
Marketing & Branding
A conversation w/@SunTrust on their #SuperBowl ad & the #onUp marketing campaign https://t.co/pcRaji4WRv | via @brandchannel
— Jim Perry (@mi_jim) July 27, 2016
- Bank of America actively promoting its redesigned #mobileapp. http://bit.ly/2agAJOr
- #PokemonGo craze befuddles analysts at big investment banks http://bloom.bg/2a7igT3 | @ynakamura56 & @Takashi__Amano for @technology
- As part of its growth strategy, @OneAZCU recently changed its name from Arizona State Credit Union http://prn.to/2agGaNp
- The official bank of #Rio2016, @Bradesco, is winning the marketing Olympics http://bloom.bg/2agGrAj
- Inspired by the organization’s aviation roots, FAA Credit Union changes name to True Sky Credit Union http://bit.ly/2a91FO9
Fintech, Digital & Mobile
A pair of ex-Google employees believe their version of Blockchain can fix banking. https://t.co/thwEP08X3W | @jdmarkman for @Forbes
— Jim Perry (@mi_jim) July 26, 2016
- Banking customers still want human interaction, but eager for digital options http://bit.ly/2atJJRi | @eMarketer
- Simply stated: @NikolaiKuznets explains how #fintech is changing the way we handle money http://huff.to/2auAizW
- How financial giants like @MorningstarInc help #fintechstartups grow. @peeptrade accepted into @FinTechSandbox http://trib.in/2aP4TXS
- UK’s big peer-to-peer lenders, @Zopa & @FundingCircleUK, lost £50M in the last decade http://read.bi/2a9gKP0 | @OscarWGrut @businessinsider
- @MyMonese, the UK banking app for immigrants and expats, finally lands on iOS http://tcrn.ch/2azGwB2 | @sohear for @TechCrunch
- Why are #fintech startups focused on bringing AI to finance? http://bit.ly/2auQDWB | @iamjosephyoung for @newsbtc
- @FinTech_AG to create digital banking services in Europe together with @RocketBerlin http://on.wsj.com/2atJwxw
- @PwC_US_FinSrvcs #FinTech lead Jeremy Drain joins blockchain startup @LibraT3ch http://bit.ly/2artmWK
- Governor of @bankofengland, Mark Carney, has started a revolution by embracing #fintech & blockchain http://bit.ly/29WGsuf @alextapscott
- @FinancialBrand examines how one community bank (@RadiusBank) closed its branches and went fully digital. http://bit.ly/2aHf6FC #mustread
- Is digital banking living up to the #Millennial hype? @pymnts says “t’s up to the banks to deliver” http://bit.ly/29ZScbT
- Counting down to the Bank of @Facebookhttp://bloom.bg/29Z26tq | @LionelRALaurent @labboudles for @Bfly
- Super-fast small biz #mobile banking service @TideBankingraises $2M seed round http://tcrn.ch/2anPRMC | @mikebutcherfor @TechCrunch
Industry News
Citing #Brexit, the UK’s @AskLloydsBank to axe 3,000 jobs and close 200 branches https://t.co/aesh7eFiBC
— Jim Perry (@mi_jim) July 28, 2016
- The @ABABankers wants you to know that #AmericasBanks employs more than 2 million people and help America thrive. http://bit.ly/2ah2S5V
- Miami Dade College, local banks join for Future Bankers Camp http://bit.ly/2ahd2Za
- USF Federal Credit Union has been named the 2016 credit union of the year by the @LeagueofSECUs http://bit.ly/2afMscG
- @TheNCUA awards nearly $2.5M in grants to help low-income credit unions expand services to underserved communities http://bit.ly/2apQjqx
- Bay City, MI’s COPOCO Credit Union sued by @DOJgovfor repossessing active duty military service member vehicle http://bit.ly/2apO4nr
- One Thing Both Parties Want: To Break Up the Banks Again http://nyti.ms/2adgCgW | @andrewrsorkin for @dealbook
- CU Times asked fraud experts to review 5 of the most confounding CU internal fraud cases cases and provide insights http://bit.ly/2a3vb7W
- OH’s Old Fort Banking Co. reaches century mark http://bit.ly/2aFf3dz
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!