Consolidation and Merger Activity in the United States Banking Industry from 2000 Through 2010

34 Pages Posted: 26 Dec 2012

See all articles by Robert M. Adams

Robert M. Adams

Board of Governors of the Federal Reserve System

Date Written: August 8, 2012

Abstract

This study investigates trends in consolidation and merger activity in the United States banking industry from 2000 through 2010. Over this period, the U.S. banking industry has consistently experienced over 150 mergers annually, with the largest banking organizations holding an increasing share of banking assets. While the industry has undergone considerable consolidation at the national level, local banking markets have not experienced significant increases in concentration. The dynamics of consolidation raise concerns about competition, output, efficiency, and financial stability. This study uses a comprehensive proprietary data set to examine mergers and acquisitions involving banks and thrifts. The methodology in this paper expands the definition of mergers to include more types of transactions than previous studies on bank mergers.

Keywords: G2, L89

JEL Classification: Banking, mergers, antitrust

Suggested Citation

Adams, Robert M., Consolidation and Merger Activity in the United States Banking Industry from 2000 Through 2010 (August 8, 2012). FEDS Working Paper No. 2012-51, Available at SSRN: https://ssrn.com/abstract=2193886 or http://dx.doi.org/10.2139/ssrn.2193886

Robert M. Adams (Contact Author)

Board of Governors of the Federal Reserve System ( email )

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202-452-2653 (Phone)

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