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 … merger. On average, the estimated cumulative loss of volume during the first five post-merger quarters was 2.6 million checks …

Abstract: Using a unique sample of 425 bank mergers in the US announced between 2000 and 2008 this paper provides clear … evidence supporting the collusion and productive efficiency hypotheses. By analyzing 425 bank mergers and a total of 1112 … attributed to either the collusion, productive efficiency, acquisition probability or pre-emptive merger hypothesis. In contrast …