This month went by fast! 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
- As of 6/1, Carolina Mountains Credit Union & United Services Credit Union will do business as Self-Help Credit Union http://avlne.ws/1oQLUNc
- Ft. Wayne, IN’s Midwest America Credit Union closes the doors of its original branch http://bit.ly/1ktks7P
- First Tennessee has agreed to buy 13 Bank of America branches in Middle and East Tennessee http://tnne.ws/1mvl7nd
- Arkansas-based Simmons First to buy Liberty Bank in an all-stock transaction valued at more than $206M. http://abcn.ws/1mJYtJy
- New Century Bancorp and Select Bank & Trust shareholders approve merger http://bit.ly/1k6U96X
- Cincinnati’s First Financial primed for more acquisitions http://bit.ly/1nwOqLq
- The acquisition of GA’s $21M Flint River National Bank by AL’s $258M Five Star Credit Union was approved by The NCUA http://bit.ly/1hgfCLO
- Florida Central Credit Union wants to buy a Sarasota branch from First Federal Bank of Florida http://bit.ly/1nu3QQl
- MI’s Community Choice Credit Union to unveil ‘open concept’ branch with former finance building http://bit.ly/1kn0GuR
- Bank of Nova Scotia CEO says bank has “pipeline of acquisitions” that it continues to look at http://reut.rs/TT7bvw
- Banking regulators take control of VA’s Life Line Credit Union http://bit.ly/SaYCux
- Madison, WI’s First Business to acquire the parent company of KC, MO’s Alterra Bank http://on.wsj.com/SaYmvy
- Cuyahoga Falls, OH bank shareholders OK merger with Westfield Center-based bank http://bit.ly/SJPnCc
- Accelerating pace of small-bank deals driving sector’s merger market http://on.wsj.com/1thzjTn slow revenue growth/regulatory environment cited.
- Shareholders of Bedford-based Centrix Bank and Trust have approved its acquisition by Eastern Bank of Boston http://bit.ly/SaWK58
Marketing
- NCUF “Route Your Retirement” Program helps CUs reach out to Boomers http://bit.ly/1lX3bQT
- About 30% to 45% of 18- to 34-year-olds would bank with tech companies (and a retailer like Apple, Amazon, etc.) http://usat.ly/1nFN2DB
- How Wal-Mart and Google could steal young customers from traditional banks http://wapo.st/1whJ9sC
- Are community banks and credit unions ready for the “marketing technologist”? uniting marketing & technology http://on.ft.com/1oNaVZM via FT
- Report shows customers want banks that are nimble, proactive, digital. via Banking Insights http://bit.ly/1keOxmA
- State Employees’ Credit Union pledges $3M toward The Battleship North Carolina’s restoration http://bit.ly/1hd6IP3
- Northern Kentucky-based SEMC Federal Credit Union announced Tuesday it is renaming itself Cove Federal Credit Union. http://cin.ci/1k1PtPR
- San Francisco-based Square‘s new business strategy: lend money to small businesses http://on.mash.to/RADRYs
- Big data banking is not just for big banks http://on.wsj.com/1kHXmd8
Mobile
- 65% of US Hispanics check their bank balance, make transactions & pay bills using mobile device at least once a week http://bit.ly/1pryruT
Industry News
- So Bitcoin isn’t dark and shadowy enough for you? Then try these alternatives: http://mktplc.org/1ixBblP MT Marketplace
- Australia’s Suncorp Bank aims to “future proof” its capabilities and services with a core banking system overhaul http://zd.net/RJGlnz
- A leaked email reveals, as of March, simple had a mere 33,387 active customers http://bit.ly/1oQK0w3 via Fast Company
- Data breach affects 20,000+ members of Utah’s America First Credit Union http://bit.ly/1pAe92k
- This could be Brian Moynihan’s most important legacy at BofA: changing the bank’s culture http://onforb.es/1pxJ7Ix
- WA & CO governors seek speedup on banking rules for pot industry http://bit.ly/1tOosm2
- A new computer Trojan targets users of 450 financial institutions from around the world http://bit.ly/1inntSw
- Lloyds Banking Group launches TSB IPO – Regulators hope TSB will boost competition in U.K. banking market http://on.wsj.com/TPA3oq
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That’s all for this week. If we missed an important story, drop me a note.
