For those who may miss my daily Twitter posts, here’s a quick recap of the stories we’ve been following this week:
Mergers, Acquisitions – Expansion, Consolidation
- CO’s Bellco_CU opens branch in Denver’s Stapleton neighborhood http://bit.ly/1fzTSd5
- In Kansas, American State seeks merger with Holcomb bank http://bit.ly/1n9WNZx
- California’s Tri Counties, North Valley banks report profits as merger draws nearer http://bit.ly/R6VWOd
- Big task ahead for merged New England banks: deliver on promises http://cour.at/1fxd1MM
- Floridian Financial Group merges its subsidiary banks http://bit.ly/1mhr1Ne
- Heritage Bank has finally merged with Washington Banking Co. of Oak Harbor http://bit.ly/R3hrQe
- Cincinnati’s First Financial to buy Worthington, OH-based Guernsey Bancorp w/$13.5 million deal http://bit.ly/1nGV8gL
- Bay Commercial Bank completes merger with Community Bank of San Joaquin http://bit.ly/1kajngE
- In Texas, Southside Bank and OmniAmerican to merge http://bit.ly/1kaj0D0
- In NY, new CAP COM Federal Credit Union headquarters set for summer opening http://bit.ly/1mV94B3
- Commerce Union Bank in Springfield, TN and Reliant Bank in Brentwood, TN have signed a merger agreement http://tnne.ws/1iAtbV1
- Atlanta’s State Bank acquiring Bank of Atlanta $25M http://bit.ly/1mRpLzS
- Arkansas’ Centennial Bank firms up plan to buy Florida’s Traditions Bank http://bit.ly/1k3kGOk
- FL’s Seacoast to acquire The BANKshares, Inc. http://bit.ly/1j7rIFi
Marketing
- TD Bank’s Mobile Banking Units: secure, self-propelled, self-contained and fully branded small-scale TD Bank stores http://on.mktw.net/1kvpxtl
MN’s Postal Credit Union will change its name in June to Ideal Credit Union http://t.co/LL9YruHsAC pic.twitter.com/oaixc8cy4s
— Jim Perry (@mi_jim) May 2, 2014
- Poor customer service cited as top reason for switching banks in new JD Power Banking 2014 Banking Satisfaction Study http://prn.to/1iCW7wz
- Numerica Credit Union is first FI in WA willing to accept clients whose business is recreational marijuana http://bit.ly/1jkQ5PX
- City National Bank is the official bank of The Tony Awards. Nominations announced today at 8:40am. Why isn’t there a link from CNB’s page?
- PayPal pilots on-campus beacon-enabled payments using Samsung wearables http://bit.ly/1tGcoUC
Mobile & Technology
- One takeaway from yesterday’s JD Power report: community banks are falling behind by not keeping up w/online & mobile http://bit.ly/1kqvA0Z
- Here’s what small businesses want in mobile banking http://bit.ly/1kADtUo via
@TheStreet - Coinstar’s latest innovation: a kiosk that turns gift cards into cash (for an avg of 60%-85% of the gift card value) http://bit.ly/1m5PHUD
Industry News
- America’s first bitcoin ATM opens in Seattle; privacy concerns could keep people away http://bit.ly/1iDfrto
Here’s a quick look at the top ranking banks by region from the latest @JDPower study http://t.co/o9cCnIrYVX pic.twitter.com/l8DaxNGBaf — Jim Perry (@mi_jim) May 1, 2014
- J.D. Power 2014 US Retail Banking Satisfaction Study released today http://prn.to/1iCW7wz Midsize banks are falling behind w/key segments.
- And in case you missed this: here’s Forbes list of America’s 50 Most Trustworthy Financial Companies http://onforb.es/1mIK2an
- Customer satisfaction w/banks at all-time high, but areas of weakness signal competitive vulnerability http://prn.to/1iCW7wz via JD Power
- Oops! CA man receives loan app faxes meant for MI’s Advia Credit Union with personal information, SS numbers http://bit.ly/1tYXoRU
- Falling earnings estimates signal weakness ahead for MI’s Flagstar Bancorp http://bit.ly/1rIMCgL
- Eastern Bank has hired the financial services disruptors behind PerkStreet to help it launch a new tech initiative http://bit.ly/1hO2Eyp
- Bank of America finds an accounting error: $4 billion less capital http://nyti.ms/1kdHJaI That’s what I call a whopper of a mistake!
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That’s all for this week. If we missed an important story, drop me a note.
