From 2000 to 2008, 1,042 new community banks were chartered. Despite the largest financial crisis in decades, the vast majority of these new banks either survived or were financially healthy when merged with another bank. In this paper we investigate whether the patterns of community bank de...

We find evidence that material insider abuse and internal fraud were present in approximately 457 (37 percent) of the 1,237 U.S. failed commercial and mutual savings banks (hereafter, banks) between 1989 and 2015. Using a unique dataset of the incidence of insider abuse and internal fraud among...

In this paper we examine whether the intensity of banking relationships, measured by the number of banks with which a firm does business, benefits firms by making credit more available during periods of financial stress. We model credit availability to be determined jointly with the decision to...

This study examines credit card banks, subprime lenders, and Internet primary banks. Although numerically these institutions make up a small share of the financial services industry, their unique products and technologies have attracted considerable attention. Insured institutions such as MBNA,...

The FDIC closely monitors recently chartered banks and thrifts. For purposes of offsite monitoring, the FDIC defines young banks as commercial banks and thrifts that are eight years old or younger based on studies showing that new banks need more than three years to fully mature (DeYoung [2000],...