Weekly Wrap-Up 04.17.15

by Jim Perry on 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

 Mergers, Acquisition – Expansion, Consolidation

Branch Evolution

  • Later this a.m., our CEO speaks at : Keep, Close or Transform: A Decision Making Framework for Branch Transformation

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.

{ 0 comments }

In-store Bank Branches Decline

by Jim Perry on 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.

28756531According to SNL Financial, U.S. banks and thrifts have cut a net 460 in-store branches between June 30, 2013, and March 31, 2015, as the number of traditional stand-alone branches continues to decline across the U.S. The remaining 5,438 in-store branches represents a drop of about 12% since 2009.

Technology has played a role in the decline, but the biggest factor is that branches with weak loan and deposit metrics are usually the first to go when consolidation is being considered.

 

{ 0 comments }

Weekly Wrap-Up 04.10.15

by Jim Perry April 10, 2015

There is a lot of news in this week’s wrap-up from my Twitter feed: Trending Makeup of US market is changing rapidly. Take a look at this info about various ethnic groups http://t.co/AxAUyy09Jd pic.twitter.com/W6KlqnRHPG — Jim Perry (@mi_jim) April 6, 2015  Mergers, Acquisition – Expansion, Consolidation Only 2 credit unions failed or closed in the first QTR of […]

Read the full article →

Weekly Wrap-Up 04.03.15

by Jim Perry April 3, 2015

I hope your April is getting off to a great start. It has been a busy week and there is a lot of news in this week’s wrap-up from my Twitter feed: Trending In Chicago, Bank of Montreal tests new smaller branches without physical tellers http://t.co/UGbCaPTvkU pic.twitter.com/QkPtcG6r3p — Jim Perry (@mi_jim) March 30, 2015  Mergers, Acquisition – Expansion, […]

Read the full article →

Weekly Wrap-Up 03.27.15

by Jim Perry March 27, 2015

I’m out of the office today, but thankfully technology made it possible for me to share some of this week’s stories from my Twitter feed: Trending The @FinancialBrand‘s @JimMarous: differentiation in banking requires Big Data insights http://t.co/9ldkpZscxm pic.twitter.com/NKv1yk26jb — Jim Perry (@mi_jim) March 24, 2015  Mergers, Acquisition – Expansion, Consolidation Under new deal in the UK, banks must […]

Read the full article →

Weekly Wrap-up 03.20.15

by Jim Perry March 20, 2015

We made it to the first day of Spring (at least it is above freezing here in Chicago)! Winter is over and things are heating up – especially in the financial services industry. Take a look at some of this week’s stories from my Twitter feed: Trending Take a look at @McGrawHillFCU‘s Financial Wellness Center in Manhattan http://t.co/jYavVNoRf7 […]

Read the full article →

Weekly Wrap-Up 03.13.15

by Jim Perry March 13, 2015

It is Friday 13th – and luckily we’ve made it to the end of another busy week. In case you missed all that Twitter activity (especially with #CUNAGAC), here’s this week’s recap from my Twitter feed: Trending On bank branches: “The CEO of Blockbuster thought the company was doing fantastic in 2004” http://t.co/ni5ZJPbtz6 pic.twitter.com/WKGpIOL51n — Jim Perry (@mi_jim) […]

Read the full article →

Weekly Wrap-Up 03.06.15

by Jim Perry March 6, 2015

I didn’t make it to sunny Florida for #ICBALive15, but Ann Chen, ICBA’s Director of Social Media Engagement, made sure everyone stayed connected. Thanks Ann! In case you missed all that Twitter activity, here’s this week’s recap from my Twitter feed: Trending Montgomery, AL’s MAX Credit Union issues commemorative Selma debit card http://t.co/GwzQSDW9bj via @CookeonCUs pic.twitter.com/nh2g6ueyOf — […]

Read the full article →

Do You Care?

by Jim Perry March 3, 2015

David De Cremer (the KPMG professor of management studies at the Judge Business School, University of Cambridge, UK) has just posted a story in the Harvard Business Review entitled “Why Our Trust in Banks Hasn’t Been Restored.” Here’s an excerpt that offers an instructional anecdote: It’s not enough to simply say you care. The recent […]

Read the full article →

Weekly Wrap-Up 02.27.15

by Jim Perry February 27, 2015

The short month of February has gone by so fast. Perhaps it is because there has been so much going on in the financial services industry. Can we say disruption?! Here’s this week’s recap from my Twitter feed: Trending Bye bye, bank tellers: Why digital banking is the future http://t.co/bxbrBTSVGf via @redletterdave @businessinsider pic.twitter.com/HpkzT47c0B — Jim Perry […]

Read the full article →