Jack Milligan, editor-at-large for Bank Director
Why Be Big? At the end of 1990, there were 15,158 commercial banks and thrifts in the United States, according to the Federal Deposit Insurance Corp. By the end of last year, there were just 5,670. That, according to my calculation, is a 62.6 percent reduction in the number of banks over the last 27 years. Most of the decrease is attributable to the wave of acquisitions that have occurred throughout that period of time, as well as a significant number of failures during economic downturns in 1990-1991, and again in 2007-2009. One consequence of this drastic reduction in the...
Please enter your username and password below.
You have accessed a resource that is only available to Bank Director magazine subscribers and Bank Services members.
To start a subscription to the top resource for bank leaders, click here.
If you are a Bank Services Member, you can access Bank Director by logging in here or entering your magazine passcode and email in the form on the left.
Jack Milligan is editor-at-large of Bank Director, an information resource for directors and officers of financial companies. You can connect with Jack on LinkedIn or follow @BankDirectorEd on Twitter.