This far-reaching study shows that operating efficiencies are not what are driving today's unrelenting bank merger mania. It suggests that bank mergers and consolidation may have effects that are contrary to consumer and non-financial business interests, such as lower rates of interest, increasing fees, and tighter credit constraints. Dymski recommends several new policies to apply to the evaluation of prospective mergers.Data Sources and Definitions For each city, Home Mortgage Disclosure Act ( HMDA) data for three years (1992, 1995, and 1996) are used. HMDA data are collected by federal regulatory agencies from virtually all lenders that make residential loans in the United States. ... These subgroups exclude credit unions and smaller banks without in-state branches. ... CA 729, 780 342, 364 Regional reciprocity -12.6% -17.1% Sioux, Falls, SD 123, 809 3, 699 National reciprocity - 10.4% -12.7%anbsp;...
|Title||:||The Bank Merger Wave|
|Publisher||:||M.E. Sharpe - 1999-01-01|