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Bank mergers and industrywide structure

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  • Stephen A. Rhoades

Abstract

This study presents data on all bank mergers from 1980 to 1994, including the number, sizes, locations, and types. To place the mergers in perspective, the paper also examines industrywide data on banking structure and performance, including data on branches, ATMs, stock prices, and changes in the number of organizations over the period. ; Among other findings, the data show that (1) 1980-94 was a period of record merger activity, with more than 6,300 mergers and $1.2 trillion in acquired assets; (2) several of the largest mergers in U.S. banking history, including BankAmerica-Security Pacific and Chemical Bank-Manufacturers Hanover, took place during the subperiod 1991-94; (3) the number of banks declined and nationwide banking concentration increased substantially while local market concentration changed little; and (4) the number of banking offices continued to grow even as the number of ATMs exploded. The data on ATMs and banking offices, along with other information, suggest that electronic banking is not yet close to providing a substitute for branch offices and that the branch office may be an important retail platform differentiating banks from other providers of financial services.

Suggested Citation

  • Stephen A. Rhoades, 1996. "Bank mergers and industrywide structure," Staff Studies 169, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgss:169
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    File URL: http://www.federalreserve.gov/pubs/staffstudies/169/default.htm
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    File URL: http://www.federalreserve.gov/pubs/staffstudies/169/ss169.pdf
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    Citations

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    Cited by:

    1. William R. Keeton, 2000. "Are mergers responsible for the surge in new bank charters?," Economic Review, Federal Reserve Bank of Kansas City, vol. 85(Q I), pages 21-41.
    2. AVLONITIS, Spyridon & VERNARDAKI, Alexandra & MANTA, Otilia Elena, 2017. "New Trends Affecting Human Resources In The Financial Sector," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 4(1), pages 174-177.
    3. Harold A. Black & Raphael W. Bostic & Breck L. Robinson & Robert L. Schweitzer, 2005. "Do CRA‐Related Events Affect Shareholder Wealth? The Case of Bank Mergers," The Financial Review, Eastern Finance Association, vol. 40(4), pages 575-586, November.
    4. Kwast, Myron L., 1999. "Bank mergers: What should policymakers do?," Journal of Banking & Finance, Elsevier, vol. 23(2-4), pages 629-636, February.
    5. Lili Xie, 2007. "Bank Consolidation and Loan Pricing," Working Papers 200706, Ball State University, Department of Economics, revised Nov 2007.
    6. Zentefis, Alexander K., 2020. "Bank net worth and frustrated monetary policy," Journal of Financial Economics, Elsevier, vol. 138(3), pages 687-699.

    More about this item

    Keywords

    Bank mergers; Banking structure;

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