We made it to the first day of Spring (at least it is above freezing here in Chicago)! Winter is over and things are heating up – especially in the financial services industry. Take a look at some of this week’s stories from my Twitter feed:
Trending
Take a look at @McGrawHillFCU‘s Financial Wellness Center in Manhattan http://t.co/jYavVNoRf7 pic.twitter.com/teyq0DSV3H
— Jim Perry (@mi_jim) March 20, 2015
Mergers, Acquisition – Expansion, Consolidation
- MN’s City & County Credit Union opens new branch, redesigns website https://www.cccu.com
- Boulder, CO’s @PremierMembers Federal Credit Union and Boulder Valley Credit Union to merge http://bit.ly/1EA75Ls
- Great Western Bank closing two Sioux Falls branches http://argusne.ws/1FcKk2X
- East Cambridge, Chelsea Bank merger brings together two in MA http://bit.ly/1H89zAs
- VA Gov. Terry McAuliffe to announce this a.m. that Navy Federal Credit Union getting state incentives to expand HQ http://bit.ly/1xi82bF
- In Louisiana, Business First Bancshares’ acquisition of American Gateway gets approvals http://bit.ly/1BB911v
- Huntington Bank opening 43 full-service branches at MI Meijer stores http://bit.ly/1LtvcBT
- Mississippi-based Renasant Bank of Tupelo OK’d to buy Georgia’s HeritageBank of the South http://bit.ly/1GQCN6T
- The St. Joseph City Council approved financing for a new Central Minnesota Credit Union building http://on.sctimes.com/1GQylFd
- Tulsa Federal Credit Union breaks ground on new 4,300 sq ft $1.5M branch http://bit.ly/1BMdeTx
- CA State Senator Mike McGuire moves to prevent Westamerica Bank from closing their Upper Lake branch http://bit.ly/19vfo0I
- Three Dayton, OH-area bank branches are changing their names after an acquisition. http://bit.ly/1Ln1PkK
- Susquehanna Bank shareholders approve purchase by BB&T http://bit.ly/1EYxoxp
- In NJ, Glen Rock Savings Bank and Llewellyn-Edison Savings Bank F.S.B. will merge http://bit.ly/1BowCT0
- On decision to close a branch of CA’s Mission Valley Bank: “In our world, your branch is in the palm of your hand.” http://bit.ly/1FpfQJE
- Congressional, American bank merger still moving forward; no word on status of CEO http://bit.ly/1MFcXES
Branch Evolution
- Pioneer Bank wanted a 21st-century branch in Albany, NY — small, accessible & highly visible. http://bit.ly/1x3CB4d
- The @FinancialBrand‘s @JimMarous asks “Can Branch Banking Be Saved?” http://bit.ly/1AuhvrS
Marketing & Branding
- Every HR/marketer’s nightmare: Max Credit Union employee accused of sharing customer information on social media http://bit.ly/1F2Hj5c
- New @AmericanExpress multi-business loyalty program called Plenti to launch in May http://nyti.ms/1GWruKt
- From @sxsw: TD Bank utilizes social media to redefine convenience, combines communications & marketing into one group http://bit.ly/1xryeLh
Mobile & Digital Transformation
- Credit Suisse launches digital private banking push http://reut.rs/1FJiNFg
- Leading mobile wallet app @Paytm in India adds new feature for the management of small floats of cash http://bit.ly/1BZmXaD
- CMO Heather Cox on why @Citi was the first bank on the #AppleWatch http://bit.ly/1CmWhTg via @BankTechNews
- Credit unions again lead latest round of 39 #ApplePay additions http://bit.ly/1O5ELG0
- A conversation w/@pymnts and @UrbanFT on fixing the digital banking problem with social commerce http://bit.ly/1EqrP5M
- New BMO Harris Bank app can direct ATMs to dispense cash http://bit.ly/1MGbA8T
- New startup Bankjoy wants to bring mobile banking app to small banks & CUs w/white-labelled product http://tcrn.ch/1BPKwm8 via @TechCrunch
- More from @sxsw: 7-Eleven to launch bill pay app for the ‘unbanked’ in mobile push to make retail less product driven http://bit.ly/1GcOsx1
- A look at Indiana banks’ use of interactive teller machines http://bit.ly/1Bos7b0
Industry News
Disrupted again! Now @facebook rolls out P2P payments: users can send money to friends via Facebook Messenger http://t.co/XWDJVhqwoH
— Jim Perry (@mi_jim) March 20, 2015
- California credit unions see uptick in business http://bit.ly/1DENlZr
- Target offers $10M settlement in data breach lawsuit http://n.pr/1CAYQiR
- Activist investors shaking up California community banks http://lat.ms/1I1fRmA
- Regional and Community Banks: Experts Talk Challenges and Opportunities http://bit.ly/1BBbER3 via @BethYoura for @Gallup
- Bank of America loses bid to block shareholder proposal calling for breakup http://bit.ly/1xfKOTm
- Credit unions have increased their auto lending by nearly 30 percent since 2012 http://onforb.es/1wPCIQN
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.