We address two questions: (i) Are bank capital structure and value correlated in the cross section, and if so, how? (ii …) If bank capital does affect bank value, how are the components of bank value affected by capital? We first develop a … dynamic model with a dissipative cost of bank capital that is traded off against the benefits of capital: strengthened …

by changes following bank mergers involving Federal Reserve customer banks. This paper evaluates the effect of bank … two or more Reserve Bank customers have resulted in volume losses, especially during the first quarter following the … additional check-processing volume because of bank mergers. …

acquisitions, as these parties "learn-by-observing" information that spills-over from previous bank M&As. We find evidence … relatively new phenomenon in the late-1980s, with no best practices to inform bank managers and little information upon which … evidence that bank mergers create value. Furthermore, our finding that investors become more accurate pricers of new phenomena …