Welcome to August. 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
- Westminster, CO’s System United Corporate Federal CU plans merger with IL’s Alloya Corporate Federal Credit Union http://bit.ly/1ocJb1s
- In Illinois, regulators suspend Bensenville Community Credit Union http://bit.ly/1m4MHXx via @CookeonCUs
- In Salem, VA, @HomeTownBankVa holds ribbon cutting today for its new branch http://bit.ly/1s9mDiS
- Bank of the Ozarks, Inc. and Intervest Bancshares Corporation enter into definitive agreement and plan of merger http://on.mktw.net/1rQw4CV
- Federal Home Loan Bank of Seattle eyes merger with Des Moines, IA-based counterpart http://bit.ly/1qwW2u7
- In Missouri, Metcalf Bank acquisition of Bank of Belton has been going on for 4 years http://bit.ly/UPNtjM
- Southeastern Federal Credit Union and Nashville Credit Union announced their intent to merge http://bit.ly/UNmGEN
WA’s Kitsap Bank opens East Bremerton branch (w/integrated @Starbucks), closes other location http://t.co/79BInsbpZL pic.twitter.com/pvXeMXaY4H — Jim Perry (@mi_jim) July 31, 2014
- California Bank & Trust will be moving its Sacramento main branch to 520 Capitol Mall this fall http://bit.ly/1n67LfW
- Arkansas’ Simmons First plans acquisition of Tennessee’s $1.9B First State Bank http://bit.ly/1tx4Rcj
- Cincinnati’s First Financial set to expand IN footprint; open in downtown Ft. Wayne, IN http://bit.ly/Xj1yYS
- Wichita, KS’ Central Star Credit Union sees growth opportunities in proposed merger w/Golden Plains CU http://bit.ly/1oKn1Et
PNC to close historic branch in Fredericksburg, VA – home to a FI for nearly 200 years http://t.co/iQgrWq9iyq pic.twitter.com/fHvJKp6t4a — Jim Perry (@mi_jim) July 30, 2014
- Cape Cod Five Cents Savings Bank to open new Martha’s Vineyard branch http://bit.ly/1rFBtws
- Is NC’s Park Sterling Bank prowling for another acquisition? http://bit.ly/1nHIIVv
- Allegiance Bancshares Inc. to acquire Houston’s Farmers & Merchants Bancshares and its subsidiary, Enterprise Bank http://bit.ly/1qh6Lc3
- Hometown Bank takes former Rollstone Bank branch in Leominster, MA http://bit.ly/1oFtnF2
- Bank branches are falling like tree limbs in a storm & emptying Manhattan’s retail spaces. http://bit.ly/X1hPBN
- First Federal branches are now officially Munster, IN-based Peoples Bank locations http://bit.ly/1nXh8Tv
- Apollo Bank receives final approvals to acquire First Bank of Miami http://hrld.us/1oFo6NF
- MI’s Founders Bank and Trust acquired by IN’s expansion-minded Old National Bank for $88M http://bit.ly/1Asu1e2
- MB Financial receives OCC approval for pending merger w/Cole Taylor Bank http://on.mktw.net/1kjjTQe
- Southern Mass CU’s merger w/Saint Jean Baptiste FCU part of multi-year strategic plan to expand its regional presence http://bit.ly/1ruuh6d
- Banterra, Area Bank agree to merger deal – Banterra Bank will add Area Bank’s four IL banking centers to its network http://bit.ly/1q8XHWD
- Bank of Marin is on the prowl for its next acquisition http://bit.ly/1nQ3Acp
Marketing & Branding
- A group of Toledo, OH credit unions to partner w/employers to offer alternative to payday loans. http://bit.ly/WR1Fev
TD Bank turns ATMs into Automated Thanking Machines. Brilliant! http://t.co/o0NG0XGWfV pic.twitter.com/3gy8xO6pYO
— Jim Perry (@mi_jim) July 31, 2014
- Take a look at these videos: CUs are talking about dreams in OH http://bit.ly/1psSvxP , UT http://bit.ly/1xEcNWZ , MN http://bit.ly/1qMWysS , FL http://bit.ly/1u31yqI
The @FinancialBrand looks at “bank spanking” brand awareness campaign from Unity One CU http://t.co/EpYY2TDt5u pic.twitter.com/JzdNExhjFk
— Jim Perry (@mi_jim) July 31, 2014
- Mark Holtom (@kingbeard) asks Are 4 Ps of Marketing Dead? in @FinancialBrand; offers alt model http://bit.ly/UB74oa
- Thx @jmarkarnold for collecting 12 different perspectives on emerging role of online video in banking http://bit.ly/1nQ9tGy @FinancialBrand
- Odessa, TX’s Southwest 66 Credit Union to offer loans for quinceañeras (avg. cost $25K) http://bit.ly/1xocOy9
Mobile & Digital Transformation
- US Bank is testing mobile app w/Minnesota Twins to speed up credit card applications for baseball game attendees http://bit.ly/1uOkfCC
- An @AmerBanker poll shows over 2/3 (68%) of bankers are spending more on mobile this year than last http://bit.ly/WPZho6 via @BankTechNews
- New @JavelinStrategy study: 2014 digital banking experience leaders http://bit.ly/1oaRqXn @USAA_help & @NavyFederal in league of their own
- New @JavelinStrategy digital banking study shows @SunTrust & @askRegions scored high alongside big banks http://bit.ly/1oaRqXn
Industry News
- IL gubernatorial candidate Bruce Rauner promises $1M to South Side Community Federal CU http://abc7.ws/1zCwnpa via @CThomasABC7
- NY credit union trade association (@CUANYtweets) to rebrand http://bit.ly/1tBV6cS
- CA’s Ojai Community Bank taps veteran bankers to open Santa Barbara branch http://bit.ly/1s9kwMb
- Congressional report concludes banking reforms have reduced, but not eliminated, risk of government bailouts. http://bit.ly/1nYJWwI
- Banking For The Poor: Will This Be Bill Gates’ Greatest Philanthropic Achievement? http://onforb.es/WQRDd5 @NewsAFI
- Lake Michigan Credit Union discontinues auto leasing division, sells auto center http://bit.ly/1ko8zlX
- Two PNC Bank branches in PA were threatened with the detonation of bombs as part of robbery attempts http://bit.ly/1u2V9f3
- Barbara Byrne of @Barclays has set a high bar for what women can accomplish in the male-dominated world of banking http://politi.co/1ko6lmy
- Spammers have stolen hundreds of thousands of dollars from Cayman Islands bank accounts in new email hacking scam http://bit.ly/1k71HsG
- Olympia, WA’s Generations Credit Union names William Paulen new CEO http://bit.ly/1oaURNW
- Oregon’s MBank exploring medical marijuana banking http://bit.ly/1o2PDYY
- Utah-based @ZionsBank parent, Zions Bancorp., commences public offering of $525M of common stock http://bit.ly/1qGWlXX
- From El Paso, TX: big banks shrink from border banking http://bit.ly/1rupHoo
__
That’s all for this week. If we missed an important story, drop me a note. And click our CEO’s quote from Jackie Stewart’s article in this week’s American Banker for the full story on “How Community Banks Can Win the War for Millennials”.
