If you’ve been busy watching this week’s turmoil on Wall Street, you may have missed some of the other news. Here’s this week’s wrap up from my Twitter feed. Have a great weekend.
Trending
The @AmerBanker spotlights the 50 best banks to work for http://t.co/zBi2FJmcUP NC’s @LiveOakBank tops the list. pic.twitter.com/MS4cCjVRGZ
— Jim Perry (@mi_jim) August 28, 2015
Mergers, Acquisition – Expansion, Consolidation
- Western Nebraska Bank has agreed to purchase the Paxton, Nebraska branch of the Pony Express Community Bank http://bit.ly/1NE2VIW
- Alabama takes over one of the state’s largest credit unions: Alabama One Credit Union http://bit.ly/1EoNh1u
- MB Financial Bank acquires JPMorgan @Chase Illinois Court-Appointed Guardianship and Special Needs Trust Business http://on.mktw.net/1NE2eQ6
- Oak Valley Bancorp and CA’s Mother Lode Bank announce signing of definitive merger agreement http://on.mktw.net/1EmcCsP
- Merger of Raleigh’s TrustAtlantic with First Tennessee Bank delayed http://bit.ly/1Jo2RJB
- Northfield Bancorp to acquire Hopewell Valley Community Bank, expanding NJ market & commercial lending capabilities http://bit.ly/1EWzCcz
- The 1st federally chartered credit union in NY state for Native Americans and their employees has opened http://bit.ly/1NB8XKn
- Avadian Credit Union enters agreement to buy American Bank of Huntsville http://bit.ly/1JiSN2j
- In TN, @NavyFederal is scouting the Nashville area for branch locations that would mark its brick-and-mortar debut http://tnne.ws/1JxUM6e
- As part of company wide plan to close/sell 100+ branches, @FifthThird Bank announces 5 Michigan branch closings http://bit.ly/1LAczfl
- In MN, HMN Financial closes acquisition of assets of Kasson State Bank http://bit.ly/1LwglUk
- MI’s St. Francis X Federal Credit Union adding new branch on former park site http://bit.ly/1hb9jd4
- Carolina Bank expands in Winston-Salem, searches for new Greensboro location http://bit.ly/1ET0V7L
- First Mid-Illinois Bancshares acquires 12 Southern Illinois banking centers from Old National Bancorp http://bit.ly/1PPvHVn
- Heartland Financial completes acquisition of Community Bancorporation of New Mexico, Inc. http://on.mktw.net/1Lwbnts
- SE Fresno will soon have a full-service credit union focused on serving low-income residents http://abc30.tv/1WO3OSn
- Community Credit Union is merging with Verve, a Credit Union from eastern Wisconsin http://bit.ly/1JfQeA8
- Opinion in @barronsonline suggests BB&T buy signals more mid-sized bank M&A http://bit.ly/1JuXHfX
- PNC to close downtown Frederick, MD branch that has been a bank since 1886 http://bit.ly/1KHjNZm
Branch Evolution
- In Winnipeg Canada, @TangerineBank‘s shipping container branch approved by city http://bit.ly/1MWKz5V
- New @NorthShoreBank Suamico, WI branch planned; replacing Piggly Wiggly branch. New tech, updated design included. http://gbpg.net/1UaFQfV
- In Grand Rapids, MI-area, @PNCBank has transformed 8 branches to meet the digital age head on http://bit.ly/1JfQeA8
Marketing & Branding
ICYMI: @BankTechNews looks at @WellsFargo‘s virtual reality twist on experiential marketing http://t.co/rAegiHXRB1 pic.twitter.com/gs7oqB1ySN
— Jim Perry (@mi_jim) August 25, 2015
- According to @edmunds, #Millennials increasingly likely to lease automobiles http://bit.ly/1Lwg2sA | via @CUinsight
- Study by @wallethub says customer pays about $470/yr in fees. @USNewsMoney offers 9 ways to avoid/minimize bank fees. http://bit.ly/1JiOioc
- Jackie Stone w/@VarsityBranding makes a case for gaining deep insights about specific customers, in specific markets http://bit.ly/1U41OXp
- Financial advisors trot out the ‘Stay Calm’ messaging http://bit.ly/1LxENYe | @playgruntlaugh for @MediaPost
- Goose Creek HS students to run SC’s Heritage Trust Federal Credit Union location http://bit.ly/1PPyNc5
- The @chicagotribune offers these tips for college students opening a bank account http://trib.in/1JgDQzS
Mobile & Digital Transformation
- ICYMI: @BankMobile launched a tech division headed by Dan Armstrong and Kirk Barrett http://on.mktw.net/1Jo2n6e #fintech
- The @ABABankers Journal Survey: Mobile Banking Offerings Outpace Consumer Adoption http://bit.ly/1PPt5Xr No surprise given tepid marketing.
Fintech
- Five legal threats for #fintech’s hottest start-ups http://wapo.st/1KmQJKS
- Fintech, like @CommonBond, tout social good in courting #Millennials http://bit.ly/1hHNfHU | @MaryMWisniewski w/@DavidXKlein @BankTechNews
- Why #fintech is hard: lessons from the CEO of @Bondcubenews http://bit.ly/1PSGcHo
- Driven by better data, marketplace lenders believe they can avoid an unsecured debt bubble. http://bit.ly/1UaGw58 | @financemagnates
- Quite the #fintech leaders list; incl. usual suspects. They missed a few…may do my own list! http://bit.ly/1THbXDL
- The @WSJ reports that financial-data provider @Markit to buy @DealHub from Option Computers http://on.wsj.com/1PN0imC
- The 25 #fintech ‘unicorns’ (e.g. @Mozido, @TransferWise, etc.) worth over $1B ranked by value http://read.bi/1UXnl0K | @businessinsider
Industry News
Credit unions outpace banks and thrifts in loan, deposit growth | via @SNLFinancial pic.twitter.com/FB770oDUte
— Jim Perry (@mi_jim) August 25, 2015
- VA’s Northwest Federal Credit Union wants to boost its lending by almost half a billion dollars this year http://bit.ly/1KpB2Cw
- Congratulations Peter! Canada’s @TangerineBank must have some pretty satisfied customers. #ForwardBanking
- Danbury, CT’s Union Savings Bank develops innovation center to prepare for future http://bit.ly/1NTXAKM
- Bank of Montreal reported higher-than-expected profit in its third quarter despite slowing Canadian economy http://on.wsj.com/1K0YXtt
- JPMorgan @Chase and Bank of America had their shares raised to buy after shares tumble http://bloom.bg/1MTm1Lh
- Chris @wellisz, @Bloomberg News editor, has resigned after accidentally breaking the @federalreserve‘s news embargo http://bit.ly/1PMoWUm
- Citizens Bank to pay $34.5M for shortchanging customers http://bit.ly/1JuTHfn
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.