For those who may miss my daily Twitter posts, here’s a quick recap of the stories we’ve been following:
Trending
“Which method do you use most often to manage your bank account(s)?” http://t.co/fI8T1X6gOs via @ABABankers survey pic.twitter.com/tiXDRp6LUZ
— Jim Perry (@mi_jim) August 22, 2014
- BofA’s data mapping helped reduce branch network, reduce expenses, increase share price while losing few customers http://onforb.es/1roQEhQ
- “Far from going the way of the dinosaur, bank branches will not disappear.” http://bit.ly/VGn9JR @ABABankingJourn
Mergers, Acquisitions – Expansion, Consolidation
- PA’s Gratz Bank to focus on organic growth after recent acquisitions http://bit.ly/1l0kAxX
- In Ohio, First Financial Bancorp completes acquisition of The Guernsey Bank http://on.mktw.net/1trPaB1
- Atlanta’s Community & Southern Bank completes acquisition in north Georgia http://on-ajc.com/1tyeT9Y
- IN’s @PurdueFed Credit Union opens new state-of-the-art facility on campus http://bit.ly/1v0Tvhn
- Altrust Financial Services, Inc. announces merger of Generations Bank into Peoples Bank of Alabama http://bit.ly/1toDfnp
- NJ banks increasingly looking out of state for acquisitions http://bit.ly/1oUyS3X
- Southern Bancorp to acquire Mississippi’s smallest bank: Bank of Bolivar County http://bit.ly/XA0CzX
- Virginia’s Hampton City Employees Credit Union explores merger with BayPort CU http://bit.ly/1rm025P
- Family affair: two of Cincinnati’s largest credit unions plan merger; sibling CEOs stepping down http://bit.ly/1qpvnOE
- Missing $1.7M expedites merger of merger of WI’s Oshkosh Central Credit Union with Community First Credit Union http://bit.ly/1mlcV8F
- New Peoples Bank to consolidate 4 branches in VA and WV http://bit.ly/1rT2PyZ
- WA’s Sound Community Bank nears purchase of three Columbia Bank branches http://bit.ly/1BBtOpm
- In Southern Illinois, Bank of Marion & First Southern Bank have merged to form the second largest bank in the region http://bit.ly/VEuFF3
- Nine of the 21 banks operating in Idaho’s “Treasure Valley” either bought or were bought by competitors last year. http://bit.ly/XzScby
- Ventura County Credit Union purchases 73,000 sq. ft. former Affinity Group headquarters http://bit.ly/1uRhNdI McGraw-Hill credit union buys Manhattan’s Education Affiliates FCU http://bit.ly/1AuvcZw
- NC’s Truliant Federal Credit Union is extending its physical reach with three new branches http://bit.ly/1oMXg7R
- MB Financial, Inc. completes acquisition of Taylor Capital; merges Cole Taylor Bank into MB Financial Bank http://on.wsj.com/VBVSIa
- Over the next 5 years CA’s CoastHills Credit Union plans to add branches from Ventura to Santa Cruz http://bit.ly/1ArcQIR
- US Bank to close OH branch “based on the ebb & flow in demand for branch banking services in each community we serve” http://bit.ly/1qjbM2m
- Idaho’s Panhandle State Bank to merge into WA’s Columbia State Bank http://bit.ly/1rMxRIB
- A tale of two businessmen: how NM’s Valley National will be sold to Century Bank http://bit.ly/1ri4u5s
- In Wisconsin: former First Banking Center, then Talmer, now Town Bank http://bit.ly/1n0XySV
Marketing & Branding
- Video: @VermontFederal Credit Union dedicated its ALS #IceBucketChallenge to a former board member http://bit.ly/1pTxNbM
- Two years ago this month Lakota Federal Credit Union received its charter; outreach to tribal members continues today http://bit.ly/XzYzM9
- 1st time in its 140-year history, MA’s Florence Savings Bank is running rebranding campaign http://bit.ly/1w4sr2j
- Richmond, VA-based Union First Market Bank has slightly modified logo and marketing plans http://bit.ly/1vcakmP
- Speaking of Millennials, don’t miss conversation w/@rshevlin on “How Millennials Manage Their Money” on @CUbroadcast http://bit.ly/1n5mzfN
- How to engage Millennials (e.g. use simple, step-by-step visuals/graphics to provide practical tips on saving money) http://bit.ly/1teBSrg
Mobile & Digital Transformation
- In @BankThink Douglas Ceto (@CetoLogic) says data breaches may drive consumer back to cash http://bit.ly/1pi1qE3 wishful thinking maybe?
- .@simple has just updated its iOS banking app to version 2.0 w/new look & other improvements http://bit.ly/XAmyea
- In the UK, branches close as customers do banking online with £7B in transactions in 2013 http://bit.ly/1v7cZOO
Industry News
- For the third consecutive quarter, credit union CEOs continued to express confidence http://bit.ly/1tnAfIV via @CookeonCUs
- Funny how many media outlets are interpreting @ABABankers recent survey data as “branches making a comeback” http://bit.ly/1ni4HOI Spin?!
- Bank of America, @TheJusticeDept agree to $16.65B settlement over bad mortgages http://nyti.ms/1p0ruOH Citigroup Inc. is considering whether to pull out of retail banking in Japan http://on.wsj.com/1w5dTiN
- Here’s @paddyhirsch‘s thoughts on why we should bring back the postal banking system. MT @Marketplace http://bit.ly/1pZVi21
- Thomas Montag to become sole COO of Bank of America http://on.wsj.com/YyEhD2
- Gallup’s @BethYoura on Banking Myths: Larger Banks Don’t Care, Smaller Offer Better Service http://bit.ly/1leLOBp
- Using the 100M CU member figure in a misleading way could have negative consequences http://bit.ly/1sOYv86 via @CookeonCUs
- In @banktech, @joncamhi shares his thoughts on the next generation of bank branch employees http://ubm.io/1oIZnJF
- Wall St banks are drawing up preliminary plans for UK exit from EU; may move some London-based activities to Ireland http://on.ft.com/VyU02S
That’s all for this week. If we missed an important story, drop me a note.
