I spent most of the week in Denver with amazing people from around the world at #CUinDenver2015…but still managed to have a very active Twitter feed. Here’s the weekly wrap up. Have a great weekend.
Trending
“Our greatest challenge is not legacy markets or legacy systems: it’s legacy thinking!” – @mi_jim at #CUinDenver2015 pic.twitter.com/f0z6AOdgBK
— Jim Perry (@mi_jim) July 16, 2015
Mergers, Acquisition – Expansion, Consolidation
- Launch Federal Credit Union is opening its new 5,000 sq ft Orange City branch on Aug. 3 http://bit.ly/1SrcsRD
- PNC Bank expects to close 100 branches systemwide this year http://bit.ly/1KaLUlX
- Northwest Bancshares, in conjunction w/Lorain National Bank merger, names Kevin Nelson to be Ohio Region President http://prn.to/1HUDB9H
- U.S. Bank CEO Richard Davis on layoffs, acquisitions and the economy http://bit.ly/1TGJos5
- Honor Credit Union to expand to Allegan, MI http://bit.ly/1HAcvpj
- At a time when many banks are closing bricks & mortar, NJ’s ConnectOne Bank opens first New York City branch http://bit.ly/1I5y4l6
- A fifth of Bank of America branches are gone and more closures are coming http://cnnmon.ie/1DiStxI | @CNNMoney
- American Riviera Bank and The Bank of Santa Barbara to merge http://bit.ly/1O8mUMG
- Centennial Bank will acquire Bay Cities Bank http://bit.ly/1JjNZZM
- Flint-based Security Credit Union merges with St. Patrick Credit Union of Croswell http://bit.ly/1HuhEkK
- Washington, PA’s Trailblazer Federal credit union liquidated; assets moved to Chrome FCU http://bit.ly/1SmUb89
- Charles City, Hampton banks to merge http://bit.ly/1I2WZ99
- In Oberlin, KS, town hall meeting set for bank branch closing http://bit.ly/1GjasEd
- The Evangelical Lutheran Church in America was granted a federal charter to create the ELCA Federal Credit Union http://bit.ly/1O63Yiv
- 20 Union Bank branches to close throughout California http://bit.ly/1UUh2fr
- Venezuelan group seeks to buy Miami-based Espirito Santo Bank http://bit.ly/1MprK7T
- Tweeting from #CUinDenver2015 this a.m. Authorities close Denver’s Premier Bank; Indiana bank assumes deposits. http://bit.ly/1UUaSvC
Branch Evolution
- Consumers’ Changing Banking Habits Led To 1,400 Bank Of America Branches Shuttering, More Cuts To Come http://bit.ly/1CGKq2X | @consumerist
- Stanford FCU remodel underway “to deliver a more comfortable, more contemporary…banking experience for our members” http://bit.ly/1K11Wl6
Marketing & Branding
While you were making Prime Day jokes, Amazon was laughing all the way to the bank http://t.co/JFyNVI3fjA pic.twitter.com/O6xE4wazfb
— Jim Perry (@mi_jim) July 17, 2015
- Still marketing to #Millennials on TV? Between 2011 and 2014, TV viewing by 18-24 years olds decreased 7 hours/week http://bit.ly/1HftVcF
- Rock Island, IL’s R.I.A. Federal Credit Union has helped students cash in on lemonade http://bit.ly/1SrcZmL
- Meet the New Competition for #Millennials: Google and T-Mobile http://bit.ly/1I2oYrs | @CUJournal from #CUinDenver2015
- 10 Worst States in America for Banking in 2015 (based on customer satisfaction, stability, etc.) from @Mr_Eric_WSCS http://bit.ly/1gDnozY
- James Berry from @C_Latitude offers 3 Tips for Rewards Programs in the Banking Industry for The @FinancialBrand http://bit.ly/1I5piFU
- Nusenda Credit Union has begun rewarding new members and new mortgage holders with a free night in New Mexico hotels http://bit.ly/1Gjcrbu
- Great news #CUinDenver2015: Nationwide credit union video contest to donate $100K to charities http://prn.to/1M3zDlq
- Hey @jasondorsey, do you know about @_weCU2? @sammaule is helping #CUinDenver2015 understand #millennials.
- Mollie Bell w/@fileneresearch shares how credit unions can ‘think big’ and ‘act small’ at #CUinDenver2015 http://bit.ly/1DbGWQG | @coopnews
- 40% Of Banks Didn’t Collect Demographic Data In 2014. http://cogniz.at/Apps_CH #CIO #Digital #banking
Mobile & Digital Transformation
- ICYMI: @Chase‘s Q2 2015 report shows active mobile customer base is up 22% to over 21 million customers http://bit.ly/1HUU2mF
- 40% of mobile banking application developers “aren’t taking the right precautions” to protect end users from fraud http://bit.ly/1SrassL
- Indian startup, Vaya, uses technology to bring financial services to millions of remote villagers in rural India http://on.wsj.com/1f5JUjW
- Barclays confirms it will join #ApplePay afterall http://reut.rs/1J2czm8
- Capital One customers on Apple iPhones can use revamped mobile app to personalize how they manage their finances http://bit.ly/1TEMQTS
- 6 Challenges to Digital Customer Experience Transformation http://bit.ly/1IXRKZ6 #fintech #finserv #CX @StateFarm
- Capital One exec: banking is the ripest industry for #disruption http://for.tn/1O8lyBE | @FortuneMagazine
- “Customers are getting more sophisticated about what works” in mobile banking – @WellsFargo‘s Secil Watson http://bit.ly/1HtcKSQ
- Wells Fargo’s #mobile banking redesign includes biometrics, tracks customer insights http://bit.ly/1HtcKSQ
- Another disruptor: @SoFi seeks to upend the banking business – branching out from student loans to mortgages, etc. http://bit.ly/1dVJCLD
Industry News
Diebold’s @RajaBose: Successful Branch Transformation Goes Beyond Technology http://t.co/OTEmtFAVwp | @FinancialBrand pic.twitter.com/st7m9a3zAf
— Jim Perry (@mi_jim) July 14, 2015
- U.S. @SenWarren wants U.S. regulators to revisit Wall Street swaps http://bloom.bg/1DkofdD | @business
- Don’t miss #banksocial. @mi_sullivan sharing the stage w/@tpldrew & @mattwilcoxpro Register before Aug 1 & save http://mosa.me/1K6dQJJ
- David D’Annunzio has been named chief financial officer for Truliant Federal Credit Union http://bit.ly/1Kceaao
- Carolina Premier Bank expands commercial-banking team http://bit.ly/1J4hClY
- Wells can’t fight the superlow interest-rate environment brought about by the Fed http://on.wsj.com/1Dgbukk | @WSJ
- 7 Leadership Habits That Will Improve Your Company’s Culture http://bit.ly/1LjvrNQ | @Inc
- Anne Cochran pres/CEO of the LA #Creditunion League is the new and first woman board chair for @WOCCU http://ow.ly/PDLUN #CUInDenver2015
- In Ft. Wayne, IN, both bank & credit union to add branches http://bit.ly/1I0ies2
- Fed questions Royal Bank of Canada about ‘controlling influence’ in City National dealings http://bit.ly/1K5B2pc
- Four R’s: Relevance, Reinvention, Reaching Out, Remembering from @WOCCU‘s Scott Kennedy http://bit.ly/1JdNj8d
- This morning #CUinDenver2015 features @Ford‘s Alan Mulally. @Forbes calls him an Innovation CEO for the record books http://onforb.es/1wxp5Sh
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.