Here is this week’s wrap-up on mergers, #fintech, marketing, etc.:
Trending
Starbucks has more customer money on its cards than many banks have in deposits https://t.co/yKxDpDvbrO pic.twitter.com/yrRHA2Md9D
— Forbes (@Forbes) August 2, 2016
Mergers, Acquisition – Expansion, Consolidation
- .@FirstMerit, @Huntington_Bank employees begin getting layoff notices, job offers for proposed merged bank http://bit.ly/2aqQrnc
- Northeast Credit Union and Ocean Communities Federal Credit Union to merge http://bit.ly/2aA5VIX
- Republic First Bank defies branch-pruning trend http://bit.ly/2aV2Kht
- JPM @Chase slashing more of its consumer/community bank division; fewer bank branches & layoffs ahead http://for.tn/2aKMcpb @ShenLucinda
- Merger creates super regional $13.2B asset Korean-American bank called Bank of Hope http://bit.ly/2aUMVXU
- Cascade Bancorp completes acquisition of Prime Pacific Financial Services http://prn.to/2aQOk1s
- Norwood Financial Corp. completes acquisition of Delaware Bancshares, Inc. http://bit.ly/2b27ait
- Two Georgia education focused credit unions merge http://bit.ly/2aSG3an
- The parent company of the State Bank Group in Wonder Lake, IL has officially acquired Harvard Savings Bank http://bit.ly/2b25IN6
- Dayton-area credit unions combine http://bit.ly/2aMH5Gn
- To reach South Africa’s unbanked rural communities, FNB just launched a bank branch made out of a shipping container http://bit.ly/2ahuNX8
- Community Bank of Santa Maria announces branch consolidation http://bit.ly/2aicug4
- One acquisition in 2016 is not enough for South Florida’s Stonegate Bank http://bit.ly/2ai5Mqu
- Old Second Bancorp to acquire Chicago branch of Talmer Bank and Trust http://bit.ly/2aFkcn3
- Wellington State Bank to acquire First National Bank in Dalhart, TX http://bit.ly/2aFhUo5
- Dallas-based Triumph Bancorp has completed the acquisition of ColoEast Bankshares http://bit.ly/2aJO1nL
- AZ’s Mohave State Bank completes acquisition of Country Bank http://yhoo.it/2axlSNA
- MI-based $1.2B @AdviaCU finalizes Mid America Bank acquisition in Janesville, WI http://bit.ly/2aowUn1 | via @CookeonCUs
- How @keybank brought @firstniagara deal to the finish line http://bit.ly/2aCvmsC | @MattGlynnBN for @TheBuffaloNews
Marketing & Branding
6 Unforgettable Lessons from Southwest Airlines During a Social Media Crisis. https://t.co/gi9hm3S377
— Eric Cook (@EricCook) July 31, 2016
- Australia’s @suncorpbank to focus on customers with banking overhaul complete http://zd.net/2avDHxo
- CA’s @SFFederalCU leads the way to transform online & mobile banking to better serve blind or low vision members http://bit.ly/2au6OiG
- ICYMI: @facebook has started running tests of mid-roll video ads inside live video broadcasts http://bit.ly/2aHIApz | via @adage
- Study: marketers struggle to prove ROI; 55% not confident in their organization’s understanding of consumer journey http://bit.ly/2afhV3W
- #Millennials central to credit union growth, @TransUnion research finds http://mwne.ws/2aZs4yP
Fintech, Digital & Mobile
.@FinancialBrand‘s @JimMarous looks at @ccgcatalyst‘s study: #millennials & #mobile wallets https://t.co/TXeNzok7Qj pic.twitter.com/GOnvwAlooq
— Jim Perry (@mi_jim) August 5, 2016
- Australia’s @Westpac & @ReinventureFund is backing a second AU$50m fund for #fintech startups http://bit.ly/2an0n5J
- #Fintech proves puzzling for regulators, lawmakers http://bit.ly/2axIUGf | @tjjeffries3 interviews @ohiobankers for @MorningConsult
- ICYMI: @KabbageInc‘s new #mobile app reinforces transition from #fintech to ‘tech fin’ http://bit.ly/2avFd2M | @MoiraVetter for @Forbes
- Tulle Prebon (@Listed_Options) to create 300 jobs at new #fintech hub in Belfast http://bit.ly/2ahjJtc
- Why @PwC_US_FinSrvcs‘s new #fintech Director won’t rock the #blockchain boat http://bit.ly/2axDFV5 | @DelRayMan for @coindesk
- US and Italian banks face the greatest risk of #fintech disruption http://read.bi/2aHX4FP | via @BIIntelligence
- @thomsonreuters will be the first major data and technology provider to join #fintech @R3CEV blockchain consortium http://reut.rs/2ar8e3v
- The Great #FinTech Robo Advisor Race (@Betterment, @Wealthfront, @MotifInvesting, etc.) http://bit.ly/2aIRHYz | @faldesai for @Forbes
- The 27 #fintech unicorns (worth $1B+) from around the world, ranked by value http://read.bi/2aoj22b | @OscarWGrut for @businessinsider
- In the UK, @Barclays to abolish passwords for phone banking; deploy voice recognition technology http://bit.ly/2aDTXiv
Industry News
Ken Thomas says “Bank Branches Don’t Die, They Evolve.” Tell that to the 1,600 that closed last year! https://t.co/AvcedsCPzv | @AmerBanker
— Jim Perry (@mi_jim) August 3, 2016
- The @WSJ reports @ProsperLoans in talks on $5 billion loan-buying deal http://on.wsj.com/2aD76HC
- Everything you need to know in and around the Bank of England’s interest rate decision: live coverage http://on.wsj.com/2aWHch5
- Larry Light at @MONEY asks “Will Bringing Back a 1930s Banking Law Really Make Us Safer?” http://ti.me/2b0geEv
- Bank of England ‘like a ship that can’t see it’s headed for an iceberg’ http://bit.ly/2azi4v2
- On behalf of MI credit unions, @MICreditUnions join lawsuit over Wendy’s credit card data breach http://bit.ly/2aZs01L
- DuPont Community Credit Union’s President and CEO Gerald B. Hershey set to retire http://bit.ly/2arBaCs
- J.P. Morgan @Chase’s Jamie Dimon warns of higher banking fees for European customers after #Brexithttp://on.mktw.net/2awoV8q
- Lending rose at WI’s 10 biggest credit unions in the first half of 2016 http://bit.ly/2aFEw9o
- Ireland jails 3 top bankers over 2008 banking meltdown http://for.tn/2altofe | via @FortuneMagazine
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!