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
- NJ’s Essex Division Telephone, Garden Savings Federal credit unions agree to merger http://bit.ly/1iuDvZV
- Onpoint Community Credit Union, Oregon’s largest credit union, opens 3 new Portland branches this summer http://bit.ly/1j0eqf7
- Grove Community Federal Credit Union in Greencastle, PA will become Corning Credit Union this summer. http://bit.ly/1g7TDAG
- AR’s Simmons First continues to expand its community banking strategy w/acquisition of TN’s Community First http://on.wsj.com/1lXVUni
- Bank of Coral Gables being acquired by Chicago area bank http://bit.ly/1fMeZIN
- First National Bank of Southern California and First Mountain Bank to merge http://bit.ly/1ngGxZs
- Green Bancorp to acquire SP Bancorp, parent co. of SharePlus Bank http://on.mktw.net/Swpxlo
- PA’s Bryn Mawr Bank Corporation to acquire Continental Bank Holdings, Inc. http://on.wsj.com/1g50nz2
- The Vermont State Employees Credit Union is hoping to add a small credit union to its ranks http://bit.ly/1sarRdX
Marketing
- “If you don’t deliver, the affinity won’t last.” – NavyFederal CEO http://bit.ly/1mFjY10
- Wells Fargo releases two new credit cards through partnership w/AmEx aimed at high spenders http://reut.rs/1ihm1Ev
Watch how @Nedbank set the stage for its new “Make Saving for a Rainy Day Happen” #marketing campaign http://t.co/cjRN8Aide7
— Jim Perry (@mi_jim) May 5, 2014
- U.S. Bank gets first-mover advantage with real-time person-to-person payments using Fiserv Popmoney service http://bit.ly/1iV3zCn
- Leveraging License Plates to Promote Credit Unions http://bit.ly/1jugISv via CookeonCUs
Mobile
- “My wife is dependent on her banking app, which alerts her every Monday morning about the account balance.” http://bit.ly/1skU7dS
- In 2013, 74K consumers a day began using mobile banking services (paying bills, making balance inquiries & transfers) http://bit.ly/1g509bb
Industry News
- Seattle’s Salal Credit Union moves toward serving marijuana growers http://bit.ly/1otdgrT
“In 5 to 10 years…consumers will find coming into your branches a pain in the..” http://t.co/AeHof7f6mC the future: pic.twitter.com/KUqmM9OPOW
— Jim Perry (@mi_jim) May 8, 2014
- Bank of America’s Moynihan calls $4B error “disappointing” http://yhoo.it/1jiTpvv
- Don’t miss Joe Sullivan‘s post for Financial Brand: Evolve or Die: 3 Steps Small Banks & Credit Unions Must Take Now http://bit.ly/1uuKMlH
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That’s all for this week. If we missed an important story, drop me a note.
