This week’s wrap-up is coming to you live from the #BankSocial Media Conference with important stories on mergers, fintech, marketing, etc. from my Twitter feed:
Trending
Great question from @andrewrsorkin: #Fintech Firms Are Taking On the Big Banks, but Can They Win? https://t.co/dQDvHlnuIM | @dealbook
— Jim Perry (@mi_jim) April 7, 2016
Mergers, Acquisition – Expansion, Consolidation
- Flathead Bank locations across Montana will become branches of First Interstate Bank http://bit.ly/23em2Cb
- Regulators shut down 6 Bucks County, PA credit unions http://bit.ly/25MP6j5
- Huntington Bank defends branch closures in FirstMerit deal http://ow.ly/10okDA
- Metro Credit Union has announced the completion of its merger with the Newton Teachers Credit Union http://bit.ly/1SAfL92
- Bethpage FCU expanding its field of membership after Montauk Credit Union merger http://bit.ly/1S204wW
- UVA Community Credit Union merges with Northern Piedmont http://bit.ly/23gRdcC
- Union Bank & Trust announces acquisition of Old Dominion Capital Management http://prn.to/1TBLBHa
- WSFS acquisition of Penn Liberty approved http://bit.ly/1N8xlzf
- Wisconsin’s @SummitDoMore adds credit union branches http://bit.ly/1RJFtbs
- Bellingham, WA-based Peoples Bank will be opening a branch in Edmonds – local banker Vern Woods to manage it http://bit.ly/1MPJoXk
- National Penn Bank officially acquired in $1.8B deal w/BB&T http://bit.ly/1RVTBk1
- DNB Financial to acquire Philadelphia-based East River Bank for $49M http://reut.rs/1qn5BCh
- Westfield, MA-based Westfield Financial Inc. ($1.34B) is acquiring Chicopee, MA-based Chicopee Bancorp Inc. http://bit.ly/1qrv5y3
- Blairsville, GA-based United Community Banks ($9.63B) is acquiring Mount Pleasant, SC-based Tidelands Bancshares http://reut.rs/1RBH0Uf
- Banco Santander to close 450 Spanish branches http://on.wsj.com/1qpIAhT
- Stockholders of WI’s @AnchorBank to vote April 29 on merger w/Evansville, IN-based @Old_National http://bit.ly/21UT5p3
- Wayne Bank acquisition extends reach into two New York state counties http://bit.ly/1VpwqRu
Branch Evolution
- Later this a.m. I visit @MoJoCMO at @ConsumersCU‘s new-tech banking center in Kalamazoo, MI http://bit.ly/1RIhj0V
Marketing & Branding
Don’t miss @mi_sullivan‘s 3 Tips for Strengthening Your Social Media Engagement https://t.co/jY8HVmP1HS #BankSocial pic.twitter.com/5SOIxZKLf7
— Jim Perry (@mi_jim) April 5, 2016
- Thought for the day: Social media makes 7 million Brits ‘depressed’ looking at friends’ perfect lives http://huff.to/1qv8FfK
- Hey #BankSocial, @AdamBroitman says “Social Media Marketing Is Dead, Long Live Conversational Marketing.” Thoughts? http://bit.ly/1qscH8K
- York, PA-based Heritage Valley Credit Union rebrands http://bit.ly/1PW2nKn
- Sergio Chalbaud, CEO of @FINTONIC, shares “Why You Can’t Ignore Social Media” w/@FinancialBrand http://bit.ly/1RsnDwF #BankSocial
- Seattle’s @BECU to become the official credit union of Sounders soccer team http://bit.ly/203mHkz
- ICYMI: @bbva‘s #AprilFools #fintech disruption – kitten ATMs https://youtu.be/PXTd0psXOgg #BrightFutures
- Santander UK has joined forces with online lender @KabbageInc to provide small businesses with fast funding http://on.ft.com/1Xbrej6 | @FT
Fintech, Digital & Mobile
Analysts at @forrester, @P_Wannemacher and @OliwiaBerdak, on the ‘Havoc’ Phase of #Fintech Disruption https://t.co/NtxXljqxmt | @BankThink
— Jim Perry (@mi_jim) April 5, 2016
- .@CFSInnovation‘s @Ryan_Falvey on #Fintech’s $138 billion opportunity http://tcrn.ch/1RQ5hmd | @TechCrunch
- Mobile phones promise to bring banking to the world’s poorest; roughly 2.5 billion people http://bit.ly/1MOt8pw | via @HarvardBiz
- From @TechCrunch: @atom_bank is the first of new UK challenger banks out the gate – sort of http://tcrn.ch/1XgAzpO
- From @Chris_Skinner: #Money2020Europe buzz + announcement of the #FinTech 50 2016 list – these are the game changers http://bit.ly/1qnhZ5c
- Scammers target PA’s First Commonwealth Federal Credit Union customers with bogus text messages http://bit.ly/203mm1h
- Amazon’s payments business mulls #fintech acquisitions as valuations fall http://cnb.cx/1TyN1m2 | @CNBC
- .@simple to move customer accounts to @bbva Compass platform http://bit.ly/1RU1jeB | @Finextra
- Podcast: @RobinhoodApp’s chief executive on the importance of design in #fintech http://tcrn.ch/231AjCd | @HarryStebbings for @TechCrunch
Industry News
ICYMI: @FDICgov announces effort to encourage de novo applications https://t.co/QdsgTutmeW | via @ABABankers pic.twitter.com/mt8c3mt4qx
— Jim Perry (@mi_jim) April 7, 2016
- US readies bank rule on shell companies amid ‘Panama Papers’ fury http://ow.ly/10oilp
- You think you have stress? Andrea Smith is leading Bank of America’s stress-test submission to the @federalreserve http://on.wsj.com/1N8wu1u
- Ron Kalifa, @Worldpay vice chairman, speaking at #Money2020Europe says consolidation in payments sector is likely.
- Eric Rosengren, @BostonFed President, highlights cyber risks, #fintech in speech http://bit.ly/1Xewh2n | @ABABankers Banking Journal
That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note. Thanks for following!