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Article: Understanding the effects of the merger boom on community banks.
- Article from:
- Economic Review (Kansas City, MO)
- Article date:
- March 22, 2008
- Author:
CopyrightCOPYRIGHT 2008 Federal Reserve Bank of Kansas City. 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)
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The merger boom in the U.S. banking industry has caused the number of banking organizations in the nation to fall by nearly a third since 1990. Most of this contraction has involved small community banks, whose numbers have fallen by more than 3,000 banks. A common perception is that most of these small banks are being absorbed by large banks. Their disappearance is raising concerns in many communities because small banks are often a major source of personal services and relationship lending to local businesses and depositors.
In contrast to this general perception, the effects of the merger boom may be quite different. Despite reducing the number of small banks, ...
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Article: Putting a name with a face: community banks count ...
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... ... predicting an end for community banks, he replied with ... among banks, and community banks fulfill an important ... termed large banking organizations, or LBOs, by regulators ... usually lack and the community banks excel at, however ...
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