Consolidation in US banking: Which banks engage in mergers?

Review of Financial Economics - Tập 13 - Trang 7-39 - 2004
David C Wheelock1, Paul W Wilson2
1Research Department, Federal Reserve Bank of St. Louis, P.O. Box 442, St. Louis, MO 63166, USA
2Department of Economics, University of Texas at Austin, USA

Tóm tắt

AbstractThe number of U.S. commercial banks has declined by some 40% since 1984, primarily through mergers of solvent institutions. The relaxation of legal impediments to branching has enabled this consolidation, but specific characteristics of banks that engage in mergers reflect the regulatory process and market structure, as well as the bank's own condition. This paper seeks to quantify the regulatory, market, and financial characteristics that affect the probability of a bank engaging in mergers and the volume of banks it absorbs over time. We examine separately consolidation within holding companies and mergers of independent banks.

Tài liệu tham khảo

10.1007/978-1-4757-2799-9_5 Berger A.N., 1999, The consolidation of the financial services industry: Causes, consequence, and implications for the future, Journal of Banking and Finance, 23, 135, 10.1016/S0378-4266(98)00125-3 Calomiris C.W., 1998, Is the bank merger wave of the 1990s efficient? Lessons from nine case studies AIE studies on financial market deregulation 10.1017/CBO9780511814365 10.2307/1909582 10.1016/0304-4076(86)90002-3 O'Keefe J.P., 1996, Banking industry consolidation: Financial attributes of merging banks, FDIC Banking Review, 9, 18 10.1007/978-1-4757-2799-9_4 Rhoades S. A.(2000)Bank mergers and banking structure in the United States 1980–98. Staff Study no. 174 Board of Governors of the Federal Reserve System. Wheelock D. C.&Wilson P. W.(1999).The contribution of on‐site examination ratings to an empirical model of bank failures. Unpublished working paper Department of Economics University of Texas Austin Texas 78712. 10.1162/003465300558560
Thông tin
Thông tin xuất bản

Review of Financial Economics

Tập 13

7-39

Thông tin tác giả