I hope your September has gotten off to a good start. It has been a short week with a lot of news to share. Here’s a quick recap of the stories I’ve been talking about on my daily Twitter posts this week:
Trending
New @Gallup poll shows U.S. banks have positive image for first time since 2007 http://t.co/zHECHP4EHY pic.twitter.com/aDfLAvuGrY
— Jim Perry (@mi_jim) September 5, 2014
Mergers, Acquisitions – Expansion, Consolidation
- In KS, Mid American CU exploring merger w/Veterans Admin CU; Central Star CU merger underway w/Golden Plains CU http://bit.ly/1qt5xx8
- Congressional Bancshares to merge with American Bank Holdings http://bit.ly/1rEgkVw
- Management fatigue and executive exhaustion are very real factors in the bank consolidation wave http://bit.ly/1u650lU via @timmelvin
- Eagle Bancorp Montana CEO says “acquisitions are always on the table as one of our strategies” http://bit.ly/1lLnGGy
- NC’s Piedmont Advantage Credit Union launches new business model & flagship branch http://bit.ly/1oHxLz6
- BB&T to buy 41 Citibank branches in TX – increasing network to 123 branches in state http://bit.ly/1u35325
- Shareholders of Lafayette Savings Bank’s parent co. approve merger w/@OldNationalBank – merger should close Nov. 1 http://cnnmon.ie/1t3j7Wz
- In California, Tri Counties Bank and North Valley Bank receive regulatory approvals for merger http://on.mktw.net/1unur1I
- ServisFirst Bank opens second Mobile, AL location in 2 years http://bit.ly/1qqBW7F
- U.S. Bank to open its first new St. Louis, MO branch in 19 years http://bit.ly/Yb7Fzc
- In Los Angeles, California United Bank to merge w/and absorb assets of 1st Enterprise Bank http://bit.ly/1oCwmtq
- Howard Bank pushes north with acquisition of Havre de Grace, MD branch http://bit.ly/1r0OmiS
- Cardinal Financial Corp. to acquire Gainesville office of Virginia Heritage Bank http://bit.ly/1vMQ9Py
- Simmons First completes Delta Trust acquisition http://bit.ly/1A58Tri
- Glacier Bancorp completes acquisition of Grand Junction, CO’s First National Bank of the Rockies http://bit.ly/1uzmoxR
- Bank of America closing Ashland City, TN office http://tnne.ws/1r0Nn2b
- Residents of Gurley, AL (pop. 801) petition to keep town’s only bank (@CadenceBank) open. http://bit.ly/1rmnyxd
- St. Joseph, MI-based Honor Credit Union broke ground on a new 37,000-sq-ft operations center in Berrien Springs, MI http://bit.ly/1qwRdT8
- Beneficial State Bank will close Ilwaco, WA branch http://bit.ly/1qWZmh5
- TD Bank has scaled back its branch network in Greater Boston http://bit.ly/1rKrk66 “our retail banking strategy has evolved”
- First Bank to close Pinebluff, NC branch as part of a consolidation plan that affects 10 branches in three states http://bit.ly/1lFOLuQ
- In MA, Saugusbank and North Shore Bank merger became effective yesterday http://bit.ly/1tWsn1f
- Mid Penn Bank will expand in Schuylkill County, PA by acquiring Miners Bank http://bit.ly/1vHWJqs
- In MA, The Institution for Savings acquired the Rockport National Bank for $28.3M http://bit.ly/Z5wpsV
- M&T-Hudson City merger still stalled after 2 years http://on.wsj.com/VQKdFq
- First National Bank finalized its acquisition of First Bank in West Des Moines http://bit.ly/1pDqdDx
Marketing & Branding
- The @FinancialBrand looks at new brand for major banking powerhouse ING http://bit.ly/1qfaVmh
- Nielsen: Brands Targeting Online More Narrowly, Missing Greater Share Of Intended Targets http://bit.ly/1w2qBLz via @MediaPost
- Southern Mass CU takes ALS Ice Bucket Challenge http://bit.ly/1nt9w8i Here are 6 PR lessons: http://bit.ly/1tWv0Ac
- 21 Steps to Onboarding Success in Banking from @JimMarous and @FinancialBrand bit.ly/YUJogV
Mobile & Digital Transformation
- The @WSJ‘s @JimSterngold looks at how banking apps help customers avoid costly overdraft fees. http://on.wsj.com/1rn44Zi
- Digital Banking … The New Checking Account? MT @david_gibbard http://bit.ly/1nVZUD9
- Last week we learned @Chase & 4 other banks were hit by hackers http://bloom.bg/1qLunEz How are you talking to customers about data security?
Industry News
- CEO of @NMCreditUnions blasts @HomeDepot as “another irresponsible retailer” after data breach http://bit.ly/1wb47Ip
- Regs intended to prevent new crisis will force banks to hold more Treasury securities; could raise cost of borrowing http://washex.am/Za5XhC
- Fuel to fire: @ABABankers CEO Keating compares fed corporate tax break credit unions receive w/corporate inversions http://bit.ly/1qg0EaV
- Evans Bancorp preps defense against accusations of intentional racial discrimination in residential mortgage lending http://bit.ly/1pscKID
- The @WSJ analyzed FDIC data from more than 6,000 banks – came up w/easy way to compare what your bank charges in fees http://bit.ly/1t3eGet
- Banks are making less of their money from customer-account fees than at any time in the past seven decades http://on.wsj.com/1qof3l2 via @WSJ
- Loans at U.S. credit unions jumped 9.8% in 2nd Qtr, outpace banks via @NCUA http://on.wsj.com/1BbbylG
That’s all for this week. If we missed an important story, drop me a note.
