Even with a bank holiday, it has been a busy week. I have even had to add a new category (branch evolution) on the recap of stories I’ve been talking about on my daily Twitter posts:
Trending
Regions Bank released a video showing “two new concept branches that offer a glimpse into the branch of the future.” http://t.co/x13p8dC02h
— Jim Perry (@mi_jim) November 13, 2014
Mergers, Acquisition – Expansion, Consolidation
- Edgewood, OH-based Cove Federal Credit Union has bought St. Jospeh Credit Union of Cold Spring http://cin.ci/1ut66Ji
- Essex Bank purchased a branch in Bowie, MD from Capital One. Acquisition + renovation = $1.3M http://bit.ly/1wxEBLQ
- Bank branch closures heading for a record: 2,599 branches have shut in 2014 vs. 1,137 openings, a net loss of 1,462 http://nbcnews.to/1ujUlVS
- In southern New Mexico, AmBank has merged with First American Bank http://bit.ly/1vbR3W9
- Yakima,WA-based Central Washington Federal Credit Union to merge with Gesa Credit Union http://bit.ly/1pUyN27
- Bank of Oklahoma closing some branches in grocery stores, expect to save $7-$8M annually http://bit.ly/1xQOVk7
- Sturgis Bancorp to acquire West Michigan Savings Bank http://cnnmon.ie/1pUu54v
- The UK’s Standard Chartered to cut as many as 100 retail branches to return to profit growth http://bit.ly/1v3mLEY
- In Dayton, OH, Heartland Federal Credit Union has merged with Affinia Federal Credit Union http://bit.ly/1zMciiQ
- BB&T to buy Susquehanna for $2.5B in cash, stock to expand in the Mid-Atlantic region http://buswk.co/1GOL8d5
- Beth Mooney predicts about 10% of KeyBank’s branches may close as populations shift and online banking habits grow http://on.rocne.ws/1u1rx2E
- The Richmond Fire Department Credit Union and Richmond Police Department Credit Union to merge http://bit.ly/1zh9nfd
- Chemical Credit Union and DuTrac Community Credit Union to merge http://bit.ly/1tCw2Ns
- In California, Bay Commercial Bank and Valley Community Bank to merge http://bit.ly/1swviJy
- Fifth Third’s Nashville growth strategy, acquisition appetite http://bit.ly/1swuLqZ
- Central Bancshares in Iowa to Buy Buffalo Prairie in Illinois http://bit.ly/1uYcw4B
- Banner Bank receives regulatory approval for Florence, OR’s Siuslaw Financial Group acquisition http://bit.ly/1xdikrT
- FL’s U.S. Century Bank sells branch location, looks to consolidate network http://bit.ly/1uVylm7
- MO’s F&M Bank sells 2 bank branches – “We’re shrinking the bank so we can grow the bank” http://bit.ly/1w9tk4a
- Bank of Southern California acquires Frontier Bank – 3rd acquisition in Coachella Valley http://bit.ly/1sr1nm0
Branch Evolution
- Makeovers turn out smaller, sleeker, smarter branches http://bit.ly/1ujxbzV via @BankTechNews
- Here’s @BankTechNews annual 2014 #FinTechForward list of top tech providers http://bit.ly/1yA0CvG
- Looks like @ohiobankers Annual Meeting is sold out! @mi_sullivan is part of stellar line-up of industry big hitters http://bit.ly/1oQqjZ0 He’s speaking on the “Evolution of the Branch Delivery System”
- Ohio Valley Bank selects @NautilusHyosung to transform new branch http://bit.ly/1oQ2655
- MT @BankMarketing: This was the highlight of the @FinancialBrand 2014 Forum for me: The Umpqua Bank Strategy http://bit.ly/1EtQOqZ
- Union First Market Bank debuts new branch: “every decision was made w/the customer relationship taking center stage” http://prn.to/1tTqgdW
Marketing & Branding
- New @pewresearch: 91% said they no longer wield control over how their personal information is collected and used http://bit.ly/112dY9c
- My trip into @Starbucks offered more than caffeine. A quick thought on marketing: http://bit.ly/1u255Xp
- Millennials don’t trust financial inst’s and favor non-traditional #banking; to capture wallet share, banks need to adapt. #GenYBanking
- The @FinancialBrand‘s Jeffry Pilcher comments on @AssociatedBank ad campaign that pokes fun at some banking practices http://nyti.ms/1umhmap
- The @nytimes looks at ad campaigns from @AssociatedBank, @TDBank_US & @AllyBank that poke fun at banks http://nyti.ms/1umhmap
- In case you were wondering, data breaches don’t change consumer behavior http://bit.ly/1swBQYH
Mobile & Digital Transformation
- Meet Tappy, the Telco mobile-payment muppet taking on Apple Pay http://bit.ly/115FvWX kicks off digital mktg blitz
- Are banks thriving or just surviving? @Digitize2Thrive says “Digitize or Die” and invites participation in survey http://bit.ly/1xyQeVE
- @JimMarous delivers “From Bricks to Clicks: Reaching the Digital Consumer 3.0″ at @BAI_Info #retaildelivery http://bit.ly/1vdCpMl
- Is your web site mobile friendly? Here’s why having a mobile site is now even more important http://on.mash.to/1tLu79n
- D3 Banking pulls $10 million in funding, launches first bank product for mid-sized banks http://bit.ly/1v32kbI
- On mobile banking adoption: “ineffective marketing and lack of knowledge among frontline staff can hinder efforts” http://bit.ly/148BLWR
- The @FinancialBrand‘s @JimMarous: banks are investing to provide omnichannel experience http://bit.ly/1u0HZSl
- .@PaymentsCardM asks “Is CurrentC dead before it launches?” http://bit.ly/1txDWYB #mobilepayments
Industry News
- ABN Amro to cut up to 1,000 jobs in retail banking unit by 2018 http://buswk.co/1sMM1IU
- Disruption in banking: @Square Capital has now advanced $75M in financing to small businesses over the last year http://ti.me/1wWtq35
- Citibank, JPMorgan Chase, other banks fined over rigging of key foreign exchange markets http://nbcnews.to/1wlqbOE
- WashingtonFirst CEO Shaza Andersen pressures Bank’s employees (via email) to become customers http://bit.ly/1AUCppi via @AmerBanker
- In MA, Beverly Bank’s legal fees top $1M, incurred during the bank’s failed conversion attempt http://bit.ly/1svkjRu
- The @CFPB ordered U.S. Bank to pay customers $48M for illegal billing practices http://cin.ci/1ueK90t
That’s all for this week. If we missed an important story, drop me a note.
