There have been a lot of important stories out there this week. For those who may miss my daily Twitter posts, here’s a quick recap of the stories we’ve been following:
Mergers, Acquisitions – Expansion, Consolidation
- MA’s Westfield Bank seeking to expand its Connecticut turf w/2nd CT branch http://bit.ly/1uuPxKO
- The First National Bank of Crestview has agreed to be purchased by First Commerce Credit Union http://bit.ly/1sEjKqu
- Ameritas Employees Credit Union and MembersOwn Credit Union to merge in November http://bit.ly/XLQgMU
- Education Affiliates Federal Credit Union to merge its members and assets with McGraw-Hill Federal Credit Union http://bit.ly/V3wNWv
- Centrix Bank merger brings Eastern Bank to New Hampshire http://bit.ly/XLLajM
- In South Carolina, CertusBank’s losses mount; bank sheds jobs http://grnol.co/1odLpPJ
- Ameritas Employees Credit Union and MembersOwn Credit Union merger will become effective in November http://bit.ly/1ojt96I
- 121 Financial Credit Union and Duval Federal Credit Union take first steps toward merger http://bit.ly/1mpanGk
- R Bank plans to open its fourth branch next year by converting a drive-through motor bank in Austin, TX area http://bit.ly/1ojrOg0
- MD’s Howard Bank receives regulatory approval for the acquisition of NBRS Financial Bank branch http://on.mktw.net/1uqqRmF
- Michigan’s Talmer Bancorp announces strategic acquisition of First of Huron Corp (and its subsidiary Signature Bank) http://cnnmon.ie/1pDXXy3
- Cottage Grove, OR’s Bank of America to close creating a vacancy in the town’s sometimes-struggling commercial core http://bit.ly/1zVEL3m
In @Finextra,@brettking explains how term “branch of the future” is part of banking’s problem http://t.co/8L1v36IX96 pic.twitter.com/CqgBGMFQ5c
— Jim Perry (@mi_jim) August 6, 2014
- While closing branches in other parts of the US, Bank of America to open first Colorado retail branches this year http://dpo.st/1sbIvg7
- Rockland Trust finally gets branches in Boston area w/acquisition of Peoples Federal Savings Bank http://bit.ly/UTJiE3
- Credit union consolidation continues across Michigan http://bit.ly/1qNub92
- Jacksonville, FL’s State Employees Credit Union and First Florida Credit Union officially merged http://bit.ly/XA7EEz
- In California, Monterey Credit Union members vote overwhelmingly to become a bank http://bit.ly/1spVFUc
- In Florida, First Commerce CU to buy First National Bank of Crestview http://on.tdo.com/1v5MPj9
- Peoples Bancorp to expand presence in southwest Ohio w/acquisition of NB&T Financial Group http://on.wsj.com/1y0XFTD
- Two Alabama community banks (Friend Bank & City Bank of Hartford) seek approval to merge http://bit.ly/1pVzn9l
- In NC, HomeTrust Bank and Bank of Commerce complete merger. Plus, HomeTrust to pick up 10 BofA branches in 4th Qtr. http://cnnmon.ie/1o8DC5G
- Farmers National Bank has broken ground on a new branch office location (2,000 sq ft w/teller pods) in Alliance, OH http://bit.ly/UWk1sq
- Banks w/a major presence in NC’s Triangle (e.g. PNC, BofA, SunTrust & Wells Fargo) are exploring new branch paradigms http://bit.ly/1op3wAW
- Georgia’s Monroe County Bank is now United Bank http://bit.ly/1s4oWX0
Marketing & Branding
- OK Bank & CU marketers, take inspiration from @AdAge‘s Creativity Top 5: The Best Brand Ideas of the Week http://bit.ly/1qWCOyj
TD Bank optimizes account openings on mobile for added convenience http://t.co/UWoSmLDxfP pic.twitter.com/ROW3FikD9m
— Jim Perry (@mi_jim) August 7, 2014
- Payment service @Square to acquire food delivery start-up Caviar as it continues to broaden its e-commerce offerings. http://bit.ly/1pVDSAJ
- Citing Florida’s growing Hispanic population, Suncoast Credit Union develops Spanish language website http://bit.ly/1o8JPP8
- Look at how @FifthThird expands #PayToTheOrderOf campaign w/@SU2C and engages a wider audience through social media http://bit.ly/1pz2ban
- Great follow up to this tweet msg thread (re: @spacecoastcu campaign via @Automotive_News) from The @FinancialBrandhttp://bit.ly/1khvIpO
Mobile & Digital Transformation
- In @CNNMoney, @saraashleyo takes another look at @Simple service outage in: “My bank held my money hostage” http://cnnmon.ie/1pFUBuq
- Outage blocks access to money for @simple banking customers http://bit.ly/XHbADg
- Westpac New Zealand adds extra dimension to mobile banking app – app uses augmented reality http://zd.net/1v5K7tO
- Virtual Piggy (@OinkApp) banking on kids making parent-monitored online payments http://lat.ms/1qU64KA
Industry News
- Are credit unions really cool enough to attract millennials? @CUNA‘s Bill Hampel hopes so! http://bit.ly/1qYd2OS
- Credit unions reached a new milestone in June when membership topped 100M http://wapo.st/1s8DiFR via @CUNA
- See why @JimMarous says Google, Apple, Facebook and Amazon should terrify banking in today’s @FinancialBrand http://bit.ly/1qUWAdA
- HSBC’s Chairman Douglas Flint warns of growing risk aversion among bankers http://on.wsj.com/1kmoila
That’s all for this week. If we missed an important story, drop me a note.
