|
|
Article: On the uniqueness of community banks.
- Article from:
- Economic Review (Atlanta, GA)
- Article date:
- January 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Federal Reserve Bank of Atlanta. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A number of years ago in Lubbock, Texas, where the three authors once lived, the market was served solely by community banks, each with a different strategic focus and emphasis. The relative tranquility of this banking landscape changed when the largest community bank in town was acquired by a large bank holding company.
Soon after the acquisition announcement, one of the authors was visiting the CEO of a local bank. The author wondered if the large bank holding company's presence would be viewed as a serious competitive threat by the community banks in Lubbock. Surprisingly, the CEO saw the acquisition as a great opportunity for his bank. First, he felt he would ...