This article examines the primary motivations for the massive wave of bank mergers in the U.S. during the 1990s by analyzing the prices paid for target banks. The authors find that these prices reflect both general market and firm-specific characteristics. For example, the lifting of regulatory...

Ten years of deregulation, new technology, and increase competition have made the U.S. banking industry a less hospital place for many community banks. But the consensus view among ten community bankers recently surveyed by the Federal Reserve is that rapid industry change has provided...

How do we measure in the banking industry? This article provides an overview of the methodology currently used in competitive analysis and highlights an alternative techniques that could be used to complement this methodology. Given the ongoing process of consolidation in U.S. banking, assessing...