Weekly Wrap-Up 05.22.15

by Jim Perry on May 22, 2015

As we enter this Memorial Day Weekend there’s a lot to cover, so let’s get right to this week’s wrap up from my Twitter feed.

Trending

 Mergers, Acquisition – Expansion, Consolidation

Branch Evolution

Marketing & Branding

Mobile & Digital Transformation

Industry News

That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.

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Weekly Wrap-Up 05.15.15

by Jim Perry on May 15, 2015

There’s a lot to cover, so let’s get right to this week’s wrap up from my Twitter feed.

Trending

 Mergers, Acquisition – Expansion, Consolidation

  • Hawaii-based Pacific Rim Bank’s shareholders to vote on 6/12 on its proposed acquisition by CA-based First Foundation
  • FNB Bancorp to acquire America California Bank in an all cash transaction
  • NY-based Finest Federal Credit Union held a ribbon-cutting ceremony – now open to serve NYC cops via
  • WashingtonFirst Bankshares buying Virginia-based financial services firm
  • Kitsap Bank acquires Puget Sound Financial Services, parent of Fife Commercial Bank, full rebranding set for 2016
  • Oklahoma City’s All America Bank looks to merge with Southwest State Bank and Bank of the Wichitas according to
  • “Most transactions don’t take place in a bank anymore” – Key Bank official on decision to close 3 branches in west NY
  • Merger to eliminate 60 jobs at Oneida Savings Bank
  • Montgomery-area based River Bank & Trust signed a definitive agreement to merge with Keystone Bank of east Alabama
  • For first time in 22 years, NH’s Sugar River Bank adds Concord branch, counting on hometown banking value proposition
  • In WI: Cambridge State Bank & Bank of Poynette will combine operations and take on a new name: United Community Bank
  • Square 1 CEO Bowers to lead bank for 6 months following merger w/Pacific West Bank
  • Carmel, IN-based Merchants Bank of Indiana is planning to build a $25 million corporate headquarters
  • First Commonwealth buying Columbus-based bank for $14.75M
  • Last Friday, regulators shut down Edgebrook Bank and announced Republic Bank of Chicago to take over
  • In MN, new facility in store for Two Harbors Federal Credit Union
  • MO’s Providence Bank plans merger with Community First Bank in southwestern Illinois
  • Wisconsin’s Baylake Bank agrees to buy Union State Bank
  • Smaller banks focus of merger activity Total deal value for 2014 bank transaction was $20B, compared to $320B in 2004
  • The BofA building in Troy, MI is on the market — could be the biggest suburban office building sales in recent memory

Branch Evolution

  • First Federal Bank of Wisconsin makes a statement with new bank branch That’s a BIG billboard!
  • PNC bringing pop-up branch to Charlotte for two months; part of a guerrilla marketing strategy
  • Another BofA branch joins the growing list of locations where the bank has gotten rid of drive-up teller lanes
  • Look closely at studies that suggest love branches: small samplings from areas where online account opening isn’t an option.

Marketing & Branding

Mobile & Digital Transformation

Industry News

That’s all for this week. Please share this with your colleagues. If we missed an important story, drop me a note.

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Leveraging Partnerships

by Jim Perry May 13, 2015

Last year I wrote a blog post about Fifth Third Bank’s partnership with NextJob and their effort to engage customers in social media space to help people find jobs. Today MediaPost reports that the bank has expanded its partnership with NextJob on a new campaign targeting jobless new grads. The @FifthThird & @nextjob partnership continues […]

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Weekly Wrap-Up 05.08.15

by Jim Perry May 8, 2015

I’ve enjoyed working from our Seattle office this week, but soon I’ll be heading back to Chicago. Before I place those seat backs and tray tables in their upright and locked position, here’s this week’s wrap up from my Twitter feed. Trending With 38 net closings, @PNCBank was the leading branch closer in the most recent quarter http://t.co/tgXIM7tb4m […]

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Weekly Wrap-Up 05.01.15

by Jim Perry May 1, 2015

It’s the last day of The @FinancialBrand Forum in Las Vegas, NV. What an amazing conference so far. I hope to share some insights from the conference in future posts, for now…here’s this week’s wrap up from my Twitter feed. Trending On a break at #fbforum2015, I put together this quick look at @JDPower‘s Retail Banking Study http://t.co/YAXlJutWaC […]

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J.D. Power Retail Banking Study: Gen Z has arrived. Is your bank ready?

by Jim Perry April 30, 2015

This morning, as I was preparing to attend the opening of The Financial Brand Forum, the J.D. Power 2015 U.S. Retail Banking Satisfaction Study was released. The report, which you can find here, raises the question about banks’ readiness to meet the needs of Gen Z and shows that while overall satisfaction has improved from 2014, satisfaction […]

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Weekly Wrap-Up 04.24.15

by Jim Perry April 24, 2015

There is a lot of news in this week’s wrap-up from my Twitter feed. And remember, Next Thursday/Friday I’ll be tweeting from The @FinancialBrand Forum. Will you be there too? Let’s connect! Trending Data from @SNLFinancial offers an informative snapshot of the pace of industry consolidation http://t.co/qvsfN1vmx8 pic.twitter.com/tW6sIwqKYI — Jim Perry (@mi_jim) April 21, 2015  Mergers, Acquisition – Expansion, Consolidation […]

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Consolidation by the Numbers

by Jim Perry April 21, 2015

Data released today from SNL Financial provides an interesting snapshot of the M&A landscape since January 1, 2014: “For 2015, as of April 15, SNL counted 75 deal announcements in the banking sector with an aggregate disclosed deal value of $8.39 billion and a median price-to-tangible book ratio of 141.84%. During the same period in 2014, the sector […]

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Weekly Wrap-Up 04.17.15

by Jim Perry April 17, 2015

Our CEO, Joe Sullivan, has had a busy week on the speaking circuit – three speeches this week on industry consolidation and branch transformation. Great job Joe! There is also a lot of other news in this week’s wrap-up from my Twitter feed: Trending Disruption in Europe: Bank of the future, @number26de, deposits €10M from @peterthiel http://t.co/FtLFYHQDjT pic.twitter.com/lI5fYuBR9d […]

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In-store Bank Branches Decline

by Jim Perry April 14, 2015

Earlier this year, Chase Bank announced it would be shuttering 37 branches this spring located at Meijer stores throughout Michigan. The closures are underway and will be completed by the end of May. Shortly after Chase’s announcement, Columbus, OH-based Huntington Bank announced plans to open 43 full-service branches in Michigan Meijer stores. According to SNL Financial, U.S. banks and thrifts have cut a […]

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