For those who may miss my daily Twitter posts, here’s a quick recap of the stories we’ve been following this week (including this week’s most retweeted/favorited post):
The @FinancialBrand/@JimMarous look at @Accenture study; consider the end of banking as usual http://t.co/RJ8KRm9QKP pic.twitter.com/zmphAsoBnF
— Jim Perry (@mi_jim) June 5, 2014
Mergers, Acquisitions – Expansion, Consolidation
- Central Washington University Federal Credit Union will merge with Washington State Employee Credit Union in August http://bit.ly/1nVCT8A
- Bank of North Carolina hits $4B in assets with latest acquisition of Harbor Bank Group in Charleston http://bit.ly/1tNPGXQ
- Ever wonder who is buying BofA branches? http://bit.ly/SbBRX3
- MI’s Community Choice Credit Union held a groundbreaking ceremony to kick off construction on its newest location http://bit.ly/1pHGsyG
- Community Savings and Home Building and Loan in Ohio to merge http://bit.ly/1xbMKJg via
@AmerBanker - Old National Bank’s path of expansion continues w/acquisition of Lafayette Savings Bank http://bit.ly/1nRwHhJ
- PA’s NexTier Bank, Farmers & Merchants merger approved http://bit.ly/1oeIIf0
- National Penn Bancshares acquiring 3rd Fed bank http://bit.ly/1xbLaXD
- Broomfield, CO’s Community Financial Credit Union & Boulder Municipal Employees Federal Credit Union to merge http://bit.ly/1jQi9Xn
- California United Bank and 1st Enterprise Bank announced that they are planning to merge http://bit.ly/1l4X7cl
- Independent Bank Group to acquire Houston Community Bank http://bit.ly/SsFqbG
- NC’s HomeTrust Bancshares, Inc. and TN’s Jefferson Bancshares complete merger http://on.mktw.net/1hVlRQ1
- IberiaBank Corp. in Lafayette, LA has completed its acquisition of Teche Holding Co. http://bit.ly/1m6go9Y
- MI’s Mercantile Bank Corporation and Firstbank Corporation finally complete merger http://on.wsj.com/1rGMS2Y
- FL’s CenterState wraps $196M First Southern Bank deal http://bit.ly/1pOzEfW
- Provident Financial closes $8.4B merger and acquisition with Team Capital Bank http://bit.ly/1nKpv7d
- Astoria Federal S&L changes its name to Astoria Bank in focus on business banking. Plans to open 7 branches. Really? http://nwsdy.li/SpUKWJ
- Two century-old banks in little Kansas town of 900, the State Bank of Downs and Downs Bank, to merge via
@AmerBanker http://bit.ly/1ucZbls - Improvements to digital services, + bricks/mortar expansion are centerpieces of UVa Credit Union’s growth strategy. http://bit.ly/1jM59Cf
- Bank mergers loom large in Wisconsin; more than a dozen since early ’13 http://bit.ly/1hQq0Va
- Seminole Tribe aims to acquire Fort Lauderdale’s Valley Bank http://bit.ly/1n3Hm5t
- Independent Bank Group of Texas is expected to acquire Houston Community Bank http://bit.ly/T6D6I0
- NJ’s Provident Financial Services, Inc. completes acquisition of Team Capital Bank http://on.wsj.com/1m5iyXy
- With help from acquisitions, WA’s Columbia Bank is on track to boost profits & gain market share – via
@barronsonline http://on.barrons.com/1hrcRHK
Marketing
CO’s FirstBank is targeting young audience w/TV spot (http://t.co/ynjOrMpyJl), “Bargain Dummy” http://t.co/bOujz8wgPK pic.twitter.com/Yh76dd5pmc
— Jim Perry (@mi_jim) June 5, 2014
- Credit union pilot program from NCUF/
@fileneresearch aims at subprime auto loan business http://bit.ly/1oYxmhb - MT
@SAPforBanking video on how banks can create competitive advantage w/key innovations: omnichannel, cloud, etc. http://spr.ly/6017cJXc - AVP/Marketing Elliott Brown w/
@GoFarmersBank offers 3 tips to drive mobile banking adoption for The@FinancialBrand http://bit.ly/1kwGQNl - Launch Federal Credit Union’s new name angers some members. http://on.flatoday.com/1oRtoqk How would you handle negative feedback?
- People’s Utah Bancorp, holding company for Bank of American Fork, will be restoring/protecting a historic building http://bit.ly/1kEEwz7
- Are you testing your marketing messages? http://bit.ly/T6SZyk
Mobile
- Study by
@DeloitteFinSvcs cites security concerns as the biggest mobile banking barrier http://bit.ly/1o9iDxG via@ABABankingJourn - Zipmark lets companies pay each other via email http://onforb.es/1hjw65J
- Korea’s #1 mobile messenger will start mobile wallet service so users can make wire transfers & transactions http://bit.ly/1ktal2C
- Any bank/credit union that wants to win Gen Y consumers had better build a mobile-centric strategy –
@FinancialBrand http://bit.ly/1wZTNEJ - Take a look at
@RetailBankStrat story on the 20 best mobile banking apps for@FinancialBrand http://bit.ly/So2RTJ Great job@JimMarous
Industry News
- “Unless [community banks] adjust drastically from their current business model, I think most of them will disappear.” http://onforb.es/1kC8g5J
- Credit unions in search of higher returns are loosening lending standards, ramping up risk http://on.wsj.com/1pYjb99
- Peoples Bank of Munster, Horizon Bank of Michigan City were honored among the top 200 community banks by
@AmerBanker http://bit.ly/1pdHv7h - New rivals out there – bankers need to realize “digital technologies are erasing the boundaries between industries” http://bit.ly/1l84Zdd
- New
@SamsClub MasterCard will use EMV chip technology to make card safer/more secure http://nyti.ms/1kqIvFj - This a.m.
@NPR profiled student-run@UnionBank branches in CA. http://n.pr/1h9nRcb New designation for school branches could prompt more. - 5 yrs after former BofA CEO Ken Lewis was stripped of his chairmanship, he’s keeping busy by investing in nonprofits http://on.mktw.net/1hvNTXK
- Could First Internet Bancorp Be the Next Bitcoin Proponent? http://bit.ly/1nWzFzg
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That’s all for this week. If we missed an important story, drop me a note.
