The week has gone by so fast – they always do right before my vacation. Here’s the weekly wrap up from my Twitter feed. My colleague Travis will be keeping things up to date next week, so stay tuned. Have a great weekend.
Trending
Speaking of #fintech: @FinancialBrand lists @brettking‘s Top Ten @Breakingbanks1 interviews http://t.co/diXVpRQrDY pic.twitter.com/hQN87fcfyd
— Jim Perry (@mi_jim) July 23, 2015
Mergers, Acquisition – Expansion, Consolidation
- First National Bank of Broken Arrow, OK closing branch: “no longer prudent to have 4 locations w/in a 3-mile radius” http://bit.ly/1OBUMCL
- Mississippi’s Covenant Bank merging with Planters Bank http://bit.ly/1elxuDY
- McKinney, TX’s Independent Bank Group to acquire Grand Bank, Dallas http://bit.ly/1RXcztt
- Cincinnati, OH’s First Financial Bank expands service offerings with acquisition of IN’s Oak Street Holdings http://prn.to/1HXeNip
- JPMorgan plans to invade Washington, DC with @Chase branches http://bit.ly/1IntkcQ
- “We’re not getting smaller because we’re guessing at this stuff.” – @Chase‘s Jamie Dimon on branch closures http://bit.ly/1Ikr5VJ
- Chase bank to close downtown branch in Mansfield, OH http://ohne.ws/1eiUSSz
- Palmetto Bank merger with Georgia’s United Community Bank approved http://bit.ly/1JgPNHp
- MVB Bank approved to acquire two branches of Susquehanna Bank http://prn.to/1LFfT7h
- Florida Citizens will be merged into Harbor Community Bank http://bit.ly/1VvniKK
- Now operating in 33 states, @LendingClub rumored to be target for acquisition by @Chase or @usbank http://bit.ly/1gOijFf | @SNLFinancial
- Final site plans approved for new DFCU branch in Michigan http://bit.ly/1SBu7GD
- CIT Group Inc. got the green light from regulators to buy the parent company of OneWest Bank http://on.wsj.com/1MoctHA | @WSJ
- Southern States Bank to acquire Georgia’s Columbus Community Bank http://bit.ly/1MI3rCe
- ValleyStar Credit Union opening branch in Danville, VA http://bit.ly/1MFbwHG
- Delta Community Credit Union, the largest credit union in Georgia, expands HQ in metropolitan Atlanta, GA http://bit.ly/1CN4dht
- NorthStar Bank opens new branch in South Tampa, and loan production office in downtown St. Petersburg http://bit.ly/1edMkfw
- Sunshine Bank to purchase local First Federal branches in Florida http://bit.ly/1fj28OW
- PeoplesSouth Bank in Colquitt, GA has agreed to buy 6 Cadence Bancorp branches in Florida Panhandle http://bit.ly/1MmfrMF | @AmerBanker
- From coast to coast: California’s Preferred Bank to acquire NY’s United International Bank http://bit.ly/1MF8Rhf
- Community Bank expects to close Oneida Financial Corp. deal in October http://bit.ly/1Ou1Scf
- Seacoast Banking Corporation of Florida completes acquisition of Grand Bankshares, Inc. http://on.mktw.net/1Ou1ISm
- Gesa Credit Union to build new 8,000 sq ft branch in Yakima Valley http://bit.ly/1fhzVYT
- Green Bay, WI’s @AssociatedBank plans to consolidate 13 of its branches http://bit.ly/1eb8EXm
- Durham residents petition Pacific Western Bank to submit plan for investment in Durham before acquiring Square 1 Bank http://bit.ly/1VkA8vo
- Aquesta Bank completes acquisition of CertusBank branch http://bit.ly/1RJ8yIX
Branch Evolution
- MI’s United Federal Credit Union completes Griffith, IN branch renovation http://bit.ly/1CYVUyR
- “They’re a great bank and I really like them. I’m just sad there’s no branches here anymore” – NJ @Citibank customer http://cbsloc.al/1TPYUll
- “You have to innovate and keep up with consumer demand, or someone will eat your lunch” – @BankrateGreg http://bit.ly/1KfGXLk
Marketing & Branding
Why are @AssociatedBank ads taking over Chicago’s Union Station? http://t.co/JecMWRXCho | via @AlisonBauterMBJ pic.twitter.com/G7RFDhLef7
— Jim Perry (@mi_jim) July 22, 2015
- Ck it out! 5 biggest financial mistakes #genx and #geny make. See what @MarketWatch says here: http://on.mktw.net/1HKUGsV
- Just Released: Father & son Doug & Thomas Patterson featured in @bankofamerica‘s @SpecialOlympics video #PasstheFlame http://bit.ly/1LuQMoX
- Remember that controversial @WellsFargo ad? http://bit.ly/1aX7Wew The YouTube video has been viewed 1,457,937 times in 90 days. Not bad!
- Take a look at how @FrostBank reaches out to the “missing 9 percent” http://bit.ly/1OwYoFO
- Relaunch of @Chase website focuses on branded content, #simplicity http://bit.ly/1fXRxKf
Mobile & Digital Transformation – #Fintech
- The #fintech revolution & the future of small business lending http://onforb.es/1OBLaaW | Rohit Arora (@biz2credit)
- Banks’ new messaging startup (@Symphony) gets questions from NY’s top banking regulator http://bit.ly/1IqI5LY | @WSJ
- Investments in #fintech quadruple: Top Trends To Watch http://onforb.es/1HL2sA1 | @Forbes
- Regional bank @SunTrust makes Silicon Valley push; plays key role in @fitbit IPO http://on.wsj.com/1TTbpwo | @WSJ
- At Boston’s @RadiusBank they form alliances w/#fintech startups to compete for digital customers http://bit.ly/1fj64zt | @BankTechNews
- Old school banks are kind of a joke among the agile #fintech community taking root all over NY http://bit.ly/1MFaFa3
- The 7 hottest #fintech companies in Silicon Valley http://read.bi/1LpxdhS | @businessinsider
- MA-based @Geezeo secures PFM deal with @BankMobile http://bit.ly/1TM1oRK | via @Finextra
- Banks vs. #fintech Firms: What’s The Difference? – @davidbrear for @FinancialBrand http://bit.ly/1MffMQ8
Industry News
Market capitalization of @WellsFargo at $298.4B, making it the most valuable bank in the world http://t.co/siIUAuEKrG pic.twitter.com/hzzd9JoDm6
— Jim Perry (@mi_jim) July 23, 2015
- NCUA Chair Debbie Matz to Congress: Credit Unions don’t represent their members http://bit.ly/1IqI5LY | @CookeonCUs
- ‘Are some bankers good?’ Girl Scout asks @bankofamerica chief operations & technology officer Cathy Bessant http://bit.ly/1GJMIcB
- New Innovation Group launched at @WellsFargo to keep company at leading edge and meet evolving customer needs http://bit.ly/1MKAOEv
- U.S. Senate panel favors banking for pot businesses http://on9news.tv/1DBjigK
- Survey by @SNLFinancial finds soaring compliance costs weigh heavily on small banks http://bit.ly/1IgiJ1b #DoddFrank
- Vote now (until 3pm 7/30/15) for 2015 @TheRealCUES Next Top Credit Union Exec http://bit.ly/1TTiBZx
- ICYMI: @Vancity‘s @wazaroff shares his thoughts with @CUWaterCooler on “Serving Remote Communities” http://bit.ly/1RTDmXt
- Broward, FL’s Stonegate Bank makes a banking breakthrough in Cuba http://hrld.us/1OxaiQc
- NAFCU’s @BDanBerger said #DoddFrank has led to the collapse of 1,250 credit unions since 2010 http://bit.ly/1CPMJRn | @CookeonCUs
- The @CFPB smacks @Citibank for $700M worth of deceptive #marketing http://bit.ly/1JfcqMh
- Citing “unsafe” banking practices, feds come down on NY’s TrustCo Bank http://bit.ly/1GCclvG
- Lightning strike sets NY’s Sidney Federal Credit Union ablaze http://bit.ly/1SzaBu5
- Australia’s biggest lenders will have to set aside more capital against potential losses on home loans http://bloom.bg/1DpOdwm | @business
- Greek banks reopen their doors http://on.wsj.com/1OhdzCp | @WSJ
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.
