This first week in August produced a very active Twitter feed. There has been so much #Fintech news lately I’ve had to create its own category. So here’s the weekly wrap up. Have a great weekend.
Trending
So @TDBank_US does it again. New ad fortifies brand position as bank who knows how to say “thank you” http://t.co/HBLFLsGi3p #tdthanksyou
— Jim Perry (@mi_jim) August 3, 2015
Mergers, Acquisition – Expansion, Consolidation
- Metrum Community Credit Union received approval from the CO Division of Financial Services for a community charter http://bit.ly/1MTHAdt
- Prosperity Bancshares, Inc.® to acquire Houston’s Tradition Bancshares http://prn.to/1IS2JCW
- MD’s Old Line Bank CEO: ‘We have been preparing for’ Regal Bank & Trust acquisition http://bit.ly/1Hvcp0X
- “customer traffic patterns and store transaction volumes” led @TDBank_US to close an MA branch http://bit.ly/1M7aCoY
- Grand Canyon Bank, a proposed community bank in Arizona, submits application to FDIC. Approval moves to next stage http://bit.ly/1SSUqxo
- National Bank Holdings Corp., the parent of Bank Midwest, completes the acquisition of CO’s Pine River Bank Corp. http://bit.ly/1E7QJrs
- In NJ, Lakeland Bank taking over Pascack Community Bank in $43.8M deal http://bit.ly/1SK5q02
- FL, VA and PA were among 5 states expected to see increased bank M&A activity http://bit.ly/1N9Eks4 @timmelvin asks what about CA?
- In California, Finance and Thrift Company completes merger with Pan American Bank http://on.mktw.net/1VZIeK5
- Pittsburgh-based FNB Corp. to expand across Central Pennsylvania w/acquisition of Metro Bancorp http://on.wsj.com/1eQNNJg
- Madison, WI’s Summit Credit Union merges with Janesville’s Educational Employees Credit Union http://bit.ly/1MJCMrT
- Skagit Bank opens branch in Seattle market. CEO says Ballard branch is significant milestone. http://bit.ly/1g41e9z
- First National Bank of Pennsylvania’s acquisition of 5 BofA branches approved http://bit.ly/1KNCMql
- NJ’s OceanFirst Financial completes acquisition of Colonial American Bank http://bit.ly/1M8PT63
- “There should be more consolidation in the banking industry.” – @citgroup‘s CEO John Thain http://cnb.cx/1ImfpOK
- Isabella Bank completes the acquisition of Flagstar Bank’s Saginaw, MI branch http://prn.to/1N6YDqi
- Plumas Bank completes acquisition of Redding, CA branch from Rabobank http://cnnmon.ie/1MIgg2q
- Altura Credit Union and Visterra Credit Union completed their merger Aug. 1 http://bit.ly/1P0P1ia
- IN’s Salin Bank to open new branch in Kokomo http://bit.ly/1hf9kwT
- NJ’s Valley National Bancorp will close 13 of its 224 branches in the second half of this year http://bit.ly/1Hl50kw
- Fifth Third Bank to open new branch, close 4 others in Collier County, FL http://bit.ly/1KLz5yI
- The back story: BMO’s interest in acquiring M&I Bank started years before merger http://bit.ly/1Ierxn0
- BB&T closes Susquehanna Bancshares acquisition http://prn.to/1IzROJJ
- Deerwood Bank closes on acquisition of American Bank of St. Paul http://bit.ly/1DmJrF7
- First Financial Bankshares completes acquisition of First Bank http://bit.ly/1K0QiBh
Branch Evolution
- Evanston, IL’s First Bank & Trust sets plans for new “state-of-the-art” branch w/open floor plan, universal bankers. http://trib.in/1T6qQiP
- CEO of New Orleans’ Liberty Bank recalls how cataclysmic circumstance of Katrina helped bank identify redundancies http://bit.ly/1M4Dmio
- As banks ditch coin-counting, you have to ask: Why have branches at all? http://bit.ly/1IzUpDk | via @stevedaniels27
- WI’s @AssociatedBank revamps branch plans, after criticism from Rochester City Council http://bit.ly/1IjDgPc
Marketing & Branding
#Geek alert: @nasafcu to offer Star Trek credit cards http://t.co/1NzRDRM7Ro pic.twitter.com/XCTaHQJUf1
— Jim Perry (@mi_jim) August 7, 2015
- Peer-to-peer money transfer service, @TransferWise, wants you to know that #BanksBite http://bit.ly/1MRHvqq
- Pouring money into customer acquisition? “A 5% increase in retention creates a 25-85% increase in profits” – @jaybaer at #Nxmw15
- Lately @FifthThird has done some creative #marketing – so I was disappointed to see this mailer show up. $$ ≠ switch
- Partnership between @SNLFinancial and @NavyFederal announced http://bit.ly/1g8Pbb7
- CEO of @BodeTree, @Chris_Myers_, says banks are beginning to look at small business differently http://onforb.es/1eR69d0 | @Forbes
- Another look at @RocklandTrust‘s “Secret Feelings of Bank Customers” ad campaign https://youtu.be/u2UKCQJut9k
- “Secret Feelings of Bank Customers” campaign from @RocklandTrust tries to ease consumer discomfort about $$ issues http://bit.ly/1E604zY
- The K.C. Police Credit Union will change its name to the Greater KC Public Safety Credit Union http://bit.ly/1hhf4WQ
- “Reputational capital matters, both for the banks’ long-run success as businesses and for the wider economy.” http://bv.ms/1E5Y62N | @BV
- Fifth Third Bank is partnering w/actor Patrick Dempsey for a promotion that supports @SU2C cancer research http://bit.ly/1KyL9Ge #howifight
- School Employees Credit Union of Washington is now Inspirus Credit Union http://prn.to/1IzYqrn (must be soft launch)
Mobile & Digital Transformation
- Silicon Valley Bank hires @StandardAPI to expand digital banking http://bit.ly/1K6YGiP | @BankTechNews
- Sam Slaughter w/@contently shares 4 content #marketing tips for targeting #millennials for the @FinancialBrand http://bit.ly/1UnXazY
- FYI: @WOCCU is looking for a web developer at their Madison, WI headquarters http://bit.ly/1IP8a5L
- #ApplePay adds 46 new banks & credit unions in the US http://bit.ly/1IXjxKP
- What video games are teaching banks like @WellsFargo about your habits http://bloom.bg/1OPY9FF | @business
- 8 trends that could help your #bank improve its digital customer retention http://bit.ly/1IyAZPh @FinancialBrand
- New data from Halifax Bank of Scotland shows UK consumers prefer #mobile banking to human bank tellers http://bit.ly/1LVnuP2
- Investments in cutting edge digital technology isn’t sufficient at creating brand loyalty http://huff.to/1E5XCd1 | John Foley, @levelbrand
- Banks must ‘adapt or die’ in the digital world, @UBS/@KPMG study warns http://on.ft.com/1DkmWkz | @FT
Fintech
- JPMorgan @Chase consolidates 2,150 #fintech employees into new NJ office space http://bit.ly/1JQC1LO
- Seven promising Boston #fintech startups to keep an eye on (e.g. @Kensho, @quantopian, @CardinalWindInc, etc.) http://bit.ly/1PatKm8
- Seven promising Boston #fintech startups to keep an eye on (e.g. @AltOptionsLLC, @alphapack_co, @ElsenTrading, etc.) http://bit.ly/1PatKm8
- Cloud based payment solution company @linked2pay® launches Bank Centric Payments™ http://bit.ly/1Nc0cmX
- #fintech startups and accelerators are going strong globally http://onforb.es/1IW6Uj7 | @Tomgroenfeldt for @Forbes
- Open University, one of the largest distance learning institutions, offers #Fintech 101 in conjunction w/@InnFin. http://cnb.cx/1IpxADo
- ICYMI: @OneMarlandRoad on @simple, #Fintech: “How Technology is Redefining the Customer Relationship” | @BankDirector http://bit.ly/1SouOZ2
Industry News
ICYMI: @OneMarlandRoad on @simple, #Fintech: “How Technology is Redefining the Customer Relationship” | @BankDirector http://t.co/0dhXA7UrM7
— Jim Perry (@mi_jim) August 5, 2015
- CA’s @RedwoodCU uncovers Chicago man’s Facebook fraud scheme http://bit.ly/1W5jlNp | @CookeonCUs
- “Strong performance by state credit unions is yet another sign of a healthy WI economy.” http://bit.ly/1UnXazY
- A small credit union brings Hope to New Orleans http://bit.ly/1IrSG3K | from @Marketplace‘s 10 yrs after Katrina series
- Advocacy in August: @CUNA Pres/CEO Jim @Nussle tells credit union stakeholders that advocacy doesn’t take a month off http://bit.ly/1eSDSms
- CA’s SAFE Credit Union names successor to retiring CEO http://bit.ly/1P67HNg
- How companies are changing old ways to attract young workers http://cnnmon.ie/1CYRPdY | from #Millenials & Their Money in @CNNMoney
- Longtime credit-union manager in Michigan admits embezzling nearly $2M since 2001 http://bit.ly/1VWzHI6
- Fourth Corner CU (created to serve the marijuana industry) sued the @federalreserve & @TheNCUA to overturn decisions http://usat.ly/1IGs7vg
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.