Abstract

http://ssrn.com/abstract=41964
 
 

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The Effects of Bank Mergers and Acquisitions on Small Business Lending


Allen N. Berger


University of South Carolina - Moore School of Business; Wharton Financial Institutions Center; European Banking Center

Anthony Saunders


New York University - Leonard N. Stern School of Business

Joseph M. Scalise


University of Pennsylvania, Wharton School; Bain & Company

Gregory F. Udell


Indiana University - Kelley School of Business - Department of Finance

May 1997

Board of Governors of the Federal Reserve System Finance and Economics Discussion Series No. 1997-28

Abstract:     
We examine the effects of bank M&As on small business lending. Our methodology permits empirical analysis of the great majority of U.S. bank M&As since the late 1970s -- over 6,000 M&As involving over 10,000 banks (some active banks are counted multiple times). We are the first to decompose the impact of M&As on small business lending into static effects associated with a simple melding of the antecedent institutions and dynamic effects
associated with post-M&A refocusing of the consolidated institution. We are also the first to estimate the reactions of other banks in local markets to M&As. We find that the static effects of consolidation which reduce small business lending are mostly offset by the reactions of other banks in the market, and in some cases also by refocusing efforts of the consolidating
institutions themselves.

Number of Pages in PDF File: 56

JEL Classification: G21, G28, G34, E58, L89

working papers series


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Date posted: November 26, 1997  

Suggested Citation

Berger, Allen N. and Saunders, Anthony and Scalise, Joseph M. and Udell, Gregory F., The Effects of Bank Mergers and Acquisitions on Small Business Lending (May 1997). Board of Governors of the Federal Reserve System Finance and Economics Discussion Series No. 1997-28. Available at SSRN: http://ssrn.com/abstract=41964 or http://dx.doi.org/10.2139/ssrn.41964

Contact Information

Allen N. Berger (Contact Author)
University of South Carolina - Moore School of Business ( email )
1705 College St
Francis M. Hipp Building
Columbia, SC 29208
United States
803-576-8440 (Phone)
803-777-6876 (Fax)
Wharton Financial Institutions Center
Philadelphia, PA 19104-6367
United States
European Banking Center
P.O. Box 90153
Tilburg, 5000 LE
Netherlands
Anthony Saunders
New York University - Leonard N. Stern School of Business ( email )
44 West 4th Street
9-190, MEC
New York, NY 10012-1126
United States
212-998-0711 (Phone)
212-995-4220 (Fax)
Joseph M. Scalise
University of Pennsylvania, Wharton School ( email )
3641 Locust Walk
Philadelphia, PA 19104-6365
United States
Bain & Company
Two Copley Place
Boston, MA 02118
Gregory F. Udell
Indiana University - Kelley School of Business - Department of Finance ( email )
1309 E. 10th St.
Bloomington, IN 47405
United States

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References:  46
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