McCord, Roisin; Prescott, Edward Simpson; Sablik, Timothy - In: Richmond Fed Economic Brief (2015) March, pp. 1-5
The financial crisis of 2007–08 was a major shock to the U.S. banking sector. From 2007 through 2013, the number of independent commercial banks shrank by 14 percent — more than 800 institutions. Most of this decrease was due to the dwindling number of community banks. While some of this...