It has been a short week and there’s a lot to cover, so let’s get right to this week’s wrap up from my Twitter feed.
Trending
“Silicon Valley is good at getting rid of pain points. Banks are good at creating them.” http://t.co/TAEHgRp8i5 pic.twitter.com/0pBfpO3UWR
— Jim Perry (@mi_jim) May 29, 2015
Mergers, Acquisition – Expansion, Consolidation
- Webster First Federal Credit Union expects to complete its merger with Industrial Credit Union of Boston as of Sunday http://bit.ly/1G6vFHN
- The Seneca Nation has received approval to open NY’s first federally-chartered credit union for Native Americans. http://bit.ly/1QeWCZl
- Simmons Bank is closing two of five St. Louis branches http://bit.ly/1LNxtEq
- After Old National Bank branch closure in MI, village receives memorial coin collection http://bit.ly/1J7NoiO
- Santander Bank branch at the MassLive Building to close http://bit.ly/1GJ8zpw
- Southwest Bancorp expands into Colorado with First Commercial acquisition http://bit.ly/1FRxgiG
- Regions Bank assures customers no other branches in Alabama “are currently scheduled for consolidation” http://bit.ly/1AvzTqd
- F.N.B. to acquire 5 branches in central Pennsylvania from Bank of America http://bit.ly/1Rqb17n
- Green Bank to acquire Houston competitor Patriot Bancshares for approx $139M http://bit.ly/1HO3Y70
- CNLBank acquired by Valley National in a $207M deal http://bit.ly/1SC73ds
- Ford Financial looks to buy northern California banks: “We’ll be very patient, disciplined and deliberate.” via @AmerBanker
- Two Hunterdon County, NJ TD Bank branches to close in consolidation http://bit.ly/1dvLRpE
- Triumph Bancorp, headquartered in Dallas, TX, will seek to merge subsidiaries in Illinois, Iowa & Texas http://bit.ly/1GD2gUm
- In California, Southland Savings FCU members approved joining with Financial Partners Credit Union http://bit.ly/1ArYjkq
- Ameris Bank and Merchants & Southern Bank finalized a merger last Friday http://bit.ly/1cXG8Ic
- Park Community Credit Union, Louisville Medical FCU to merge http://bit.ly/1LF6zyD
- MI’s @ConsumersCU has two big building projects in the works: an 80K sq ft headquarters + a 6K sq ft branch http://bit.ly/1KkbfJ5
- In Minnesota, Members Cooperative Credit Union and Lake State Credit Union are headed toward a merger http://bit.ly/1PKaT5v
Branch Evolution
- United Savings Credit Union opens new branch in Fargo, ND http://bit.ly/1KrsEzQ but why does “new” look so old?
- New @FMSI_Inc study “reveals a declining branch transaction trend of which senior management…should take note” http://bit.ly/1FicAwH
- PA’s S&T Bank celebrates tech-focused branch opening calling it “a prototype for future office locations” http://on.mktw.net/1FadkD2
- To open or not to open new bank branches? http://bit.ly/1HHU1Yy
Marketing & Branding
New banking app, @NAMUAPP, attempts to connect money to memories http://t.co/izDBxQFheI via @BankTechNews pic.twitter.com/Mdn3GgBD9v
— Jim Perry (@mi_jim) May 28, 2015
- Bank of the West redesigns website to achieve parity w/mobile channel http://bit.ly/1Kt2vAC via @BankTechNews
- Spokane, WA’s School Employees Credit Union is rebating 1% of members’ auto loans to the school of their choice http://prn.to/1PPHrLi
- Wells Fargo is expanding its “Why I Work” campaign to tell the passions and purpose of prominent African Americans http://bit.ly/1Q9OLfz
- The @FinancialBrand looks at @eMarketer report: rise in ad spending on digital media http://bit.ly/1FMA4xK #mustread
Mobile & Digital Transformation
- Messenger is not a payment app, Facebook’s David Marcus says » http://cnb.cx/1RrU5O7
- 12% of the Bank of America Corp’s deposit transactions occurred via a mobile device during the fourth quarter of 2014 http://bit.ly/1FclJGc
- New report from @forrester says “There Is No Clear Leader In US Mobile Banking” http://bit.ly/1FXU4zp
- Ally Bank has expanded its mobile app to include a virtual assistant http://bit.ly/1HI25bW
Industry News
- Michigan’s @MercBank names Robert B. Kaminski Jr. as new CEO http://prn.to/1Kt6u05
- New data on Q1 overdraft charges shows @Chase charged customers $415M, @BofA: $371M, @WellsFargo: $355M http://bit.ly/1Fe3bVP
- A BofA analysis says @YouTube is worth $70B, more than 85% of S&P 500 companies http://bloom.bg/1FPK2yc
- “Seemingly out of the blue, there was a raft this month of op-eds bashing credit unions.” – @RyanLEllis for @Forbes http://onforb.es/1JYFIOW
- Kansas tops @MoneyRates 2015 list of the Best States for Banking http://bit.ly/1QctC4r MO, IA, TX, NE, MA, TN, NY, KY, NJ round out top 10.
- WA’s @InlandNWBank names Russell A. Lee as its new President and CEO, effective June 29, 2015 http://bit.ly/1J8leCw
- New report from @KPMG looks at challenger banks in the UK noting “the main point of difference is their culture” http://bit.ly/1HATBDq
- The banking industry is panning a plan from the US Postal Service saying they’re not cut out for finance http://bit.ly/1GD1Ope
- TD Bank to buy Nordstrom US credit-card portfolio which totals about $2.2B in receivables http://on.wsj.com/1F8DupO
- Sacramento’s Golden 1 Credit Union adds to executive team http://bit.ly/1JTR1rG Congrats to new CFO Dustin Luton.
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.