Small Institutions' Response
Bank Fees Are a Credit Union’s Best Friend
The Navy Federal Credit Union, the nation’s largest, says it is on pace to see a 23% increase in checking accounts this year, compared to more typical annual growth rate of about 7%.
Bank Transfer Day: How much impact did it have?
The Christian Science Monitor
Circle Bank opened 33 new accounts in its six-branch system (totaling $188,756), plus four new business accounts (totaling $12, 720) through its website.
Bye-bye, big banks: Credit unions see boost in new accounts
At Coastal Community Bank in Everett, new accounts are up 43 percent so far this year.
Bank Transfer Day Recap: Overhyped but Overall Credit Union Win
California and Texas saw the biggest gains.
MidSouth Bank Adds Twist to National 'Go Local' Campaign
MidSouth Bank, N.A., has not only joined the national protest against monthly fees on debit cards (which some "too-big-to-fail" banks are already wisely backing off of), but it also began offering potential customers $5 to bring their big-bank debit cards to the Lafayette-based community bank.
Pacific Trust Bank
We’ll Pay You $60 To Use Our Debit Card!
Debit card fee scare sends consumers to community banks and credit unions
Press of Atlantic City
Ocean City Home Bank has seen a slight increase in the number of new accounts since the news hit.
Redwood Credit Union Opens 6 Times More New Accounts
Redwood Credit Union
Redwood Credit Union saw a significant spike in new accounts over the weekend as a result of the Bank Transfer Day movement, with more than 600 new accounts opened on Friday and Saturday, which equates to 6 times the normal number of new accounts.
Bank Transfer Day’ signals shift in protest to deposits
San Francisco Business Times
New Resource Bank in San Francisco says it generated double the usual number of account openings last month and debuted a “switch kit” to make the move to their bank easier.
Local banks, credit unions experience surge in deposits
“We have absolutely seen a movement to us from big banks," said Daniel Morrison, CEO of Optima Bank and Trust in Portsmouth, who added that Optima is the one of the fastest growing banks in New England.