At this moment I’m probably in a turkey-induced coma, but thanks to technology I can still share this short week’s wrap-up of top stories on mergers, fintech, marketing, etc. from my Twitter feed:
Trending
Mobile banking to hit 1 billion users in 2015, 2 billion by 2020 https://t.co/RGGYxuvB9T | @WSJ pic.twitter.com/rW2vg7QkUh
— Jim Perry (@mi_jim) November 25, 2015
Mergers, Acquisition – Expansion, Consolidation
- Dream of new kind of credit union extinguished by bureaucracy. NJ’s Internet Archive FCU calls it quits http://nyti.ms/1NcLmij | @dealbook
- CA’s Preferred Bank closes acquisition of United International Bank http://bit.ly/21fA5UJ
- MainSource Financial Group to significantly expand its Cincinnati, OH presence w/acquisition of Cheviot Financial http://prn.to/1YtX6B1
- NC’s Entegra Financial Corp. announces acquisition of Oldtown Bank http://cnnmon.ie/1lJzGcG
- Korean American lender Hanmi proposes $1.6-billion merger with rival BBCN http://lat.ms/1PLMyvn
- WSFS Financial Corp. will pay $101M to acquire Penn Liberty Bank http://delonline.us/1Yrnw6h
- The Bank of New Hampshire will acquire Community Guaranty Savings Bank http://bit.ly/1MOFwA6
- FL’s Capital Bank to buy Charlotte-based CommunityOne Bank http://bit.ly/1XbAwQn
- Coastal Banking Co to acquire First Avenue National of Ocala http://bit.ly/1MOEa8B
- The @TheNCUA liquidates small NJ credit union http://bit.ly/1MMLeTe
- Major banking deal in Chicago: @mbfinancialbank is set to acquire American Chartered Bank http://bit.ly/1MxkdVM | @CrainsChicago
Branch Evolution
- Call Federal Credit Union “putting branches on major thoroughfares” w/multi-service kiosks instead of teller lines http://bit.ly/1QFLYiQ
- Edina, MN’s City Council not a big fan of Bank of America’s “shoebox with plumbing” branch plan http://bit.ly/1MMKNs7
Marketing & Branding
Insights from @SamsungBizUSA on window display gives new meaning to “branch as billboard” https://t.co/HB6uSUUzJ9 pic.twitter.com/m7kQtedx2C
— Jim Perry (@mi_jim) November 24, 2015
- NY’s Evans Bank ads aim to leverage rivals’ merger. “Local Bank Sold.” w/“Bank” crossed out, replaced w/“Customers.” http://bit.ly/21fAjeo
- Santa Cruz Community CU is among 40 in US promoting “Juntos Avanzamos,” showing they communicate bilingually http://bit.ly/1PLNLCZ
- The Bank of Edwardsville introduced the 1st full-service, fully bilingual banking center in the St. Louis metro area http://bit.ly/1YpeKpu
Mobile & Digital Transformation
- A @ConsumerReports survey of 74,000+ subscribers found that nearly 90% do some banking online http://abc7.ws/1Lzbgr4 | @ABC7Chicago
- How @Starbucks stole the #mobile show. 21% of their Oct. transactions were mobile http://bit.ly/1N6GSvw | @pymnts
- Smartphone penetration reaches 56% globally – “transforming media consumption and marketing” http://bit.ly/1IapdLW
Fintech
- .#Fintech threatens small banks more than crisis ever did http://bit.ly/1Xojg55 | Steven L. Antonakes for @AmerBanker
- Don’t miss @thomsonreuters CTO @psjbrittan‘s look at 4 themes powering the #fintech revolution http://bit.ly/1Lx3YEr | via @marketsmedia
Industry News
Credit union member satisfaction hits 5-year low https://t.co/guQtpivA83 | @CookeonCUs pic.twitter.com/vrR4hcLcXk
— Jim Perry (@mi_jim) November 23, 2015
- Banking facing ‘Uber moment’, says former Barclays boss http://bit.ly/1kTgtVR
- Dell has shipped computers w/preinstalled certificate that makes it easy for attackers to impersonate BofA, others http://bit.ly/1NnKIk4
- The first drive-up teller opened on this date in 1946 at Chicago’s Exchange National Bank http://prn.to/1ldF1Ze
That’s all for this week. I hope you had a great Thanksgiving. Please share this with your colleagues. If we missed an important story, drop me a note. Thanks for following!