The enactment of Riegle-Neal IBBEA in 1994 encouraged bank mergers and acquisitions. Empirical evidence indicates that large banks beneÞted from IBBEA enactment. However, there is little, if any, evidence of the impact of the act on small banksÕ proÞtability relative to large banks. This...

The enactment of Riegle‐Neal IBBEA in 1994 encouraged bank mergers and acquisitions. Empirical evidence indicates that large banks benefited from IBBEA enactment. However, there is little, if any, evidence of the impact of the act on small banks’ profitability relative to large banks. This...